Carmel Hills Inc (EIN 581307937) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

Gabriel Iorga

Phone

7043648302

Tax Period

2024-05-01 to 2025-04-30

Carmel Hills Inc, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

The main objective of Carmel Hills is to maintain and operate a retirement home by carrying out educational, religious, recreational and other programs. Carmel Hills also maintains a health care center and carries on such other work in the overall charitable field of services to the aged as may be appropriate.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $147,574

Program Service Revenue $3,549,214

Investment Income $63,444

Other Revenue $16,173

TOTAL REVENUE $3,776,405

Expense Breakdown

Grants Paid $178,089

Salaries & Benefits $2,328,432

Fundraising Expenses $0

Program Expenses $3,186,008

Other Expenses $1,366,651

TOTAL EXPENSES $3,873,172

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,776,405	$3,987,744	-0.1%
Expenses	$3,873,172	$3,718,387	+0.0%
Net Income	$-96,767	$269,357	-1.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$114,074

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gabriel Iorga	Administrator	50.00	Officer	$103,098	$10,976	$114,074
Sam Vedder	Director	1.00	Director	$0	$0	$0
Steve McDonald	President	1.00	Officer Director	$0	$0	$0
Larry Stassel	Director	1.00	Director	$0	$0	$0
Sam Jeanjaquet	Director	1.00	Director	$0	$0	$0
Joe Youannas	Assistant Treas	1.00	Officer Director	$0	$0	$0
Paul Palmer Jr	Treasurer	1.00	Officer Director	$0	$0	$0
Peter Keddis	Secretary	1.00	Officer Director	$0	$0	$0
Tim Dietz	Director	1.00	Director	$0	$0	$0
Paul Palmer Sr	Director	1.00	Director	$0	$0	$0
Dr Charles Heuss	Director	1.00	Director	$0	$0	$0
Craig Robson	Vice President	1.00	Officer Director	$0	$0	$0
Dr Ihab Dorotta	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$3,776,405	$3,873,172	$3,649,899	$-96,767
2024	$3,987,744	$3,718,387	$3,442,451	$269,357
2023	$3,548,068	$3,807,877	$3,319,027	$-259,809
2022	$3,393,673	$3,432,749	$3,669,843	$-39,076
2021	$3,120,422	$3,124,236	$3,066,855	$-3,814
2020	$3,077,955	$2,967,564	$3,587,337	$110,391
2019	$2,808,260	$2,919,881	$3,581,489	$-111,621

Carmel Hills Inc