North Marin Senior Housing Corp

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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

1988

Legal Domicile

Principal Officer

MICHAEL FARREL

Phone

4152581800

Tax Period

2019-10-01 to 2020-09-30

North Marin Senior Housing Corp, founded in 1988, is a micro nonprofit in the Housing & Shelter sector that reported $10K in total revenue in fiscal year 2019. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 49489% operating deficit.

Mission

TO PROVIDE LOW-INCOME HOUSING

Program Service Accomplishments

Program 1

Expenses: $5,014,870

PROVIDED GENERAL SUPPORT TO EAH INC., A RELATED CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, IN FURTHERANCE OF EAH'S EXEMPT PURPOSE OF PROVIDING AFFORDABLE HOUSING TO ELDERLY, VERY LOW, LOW AND...

Program 2

Expenses: $86

THE CORPORATION SERVES AS THE SOLE OWNER OF A LIMITED LIABILITY COMPANY AND THE 99% LIMITED PARTNER OF A LIMITED PARTNERSHIP. BOTH ENTITIES ARE CURRENTLY DEVELOPING LOW-INCOME HOUSING PROJECTS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $86

Program Service Revenue $0

Investment Income $10,027

Other Revenue $0

TOTAL REVENUE $10,113

Expense Breakdown

Grants Paid $5,014,870

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,014,956

Other Expenses $86

TOTAL EXPENSES $5,014,956

Year-over-Year Comparison

	2019	2018	Change
Revenue	$10,113	$176,479	-0.9%
Expenses	$5,014,956	$57,644	+86.0%
Net Income	$-5,004,843	$118,835	-43.1%

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

N/A

Employees

N/A

Volunteers

N/A

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

$646,185

Total Directors

$1,310,259

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA HALL	Director	0.10	Director	$0	$20,847	$389,510
CATHY MACY	Treasurer	0.10	Officer Director	$0	$20,557	$315,112
ROBERT SCHRAEGER	Director	0.10	Director	$0	$19,603	$274,564
MICHAEL FARREL	President	0.10	Officer Director	$0	$14,586	$190,221
ETHAN DANIELS	VP/SECRETARY	0.10	Officer Director	$0	$4,848	$140,852

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
2020	$10,113	$5,014,956	$748,814	$-5,004,843
2019	$176,479	$57,644	$5,054,843	$118,835
2018	$194,848	$890,009	$4,936,008	$-695,161