Triad Properties (EIN 731726671) - 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

2004

Legal Domicile

Principal Officer

Jeffrey Lambert

Phone

8056485008

Tax Period

2023-10-01 to 2024-09-30

Triad Properties, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $517K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $1.1M represent 26 months of operating reserves.

Mission

To promote and develop affordable housing and related services to low and moderate income households in the Ventura County community.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $440,284

Investment Income $76,511

Other Revenue $0

TOTAL REVENUE $516,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $404,213

Other Expenses $505,267

TOTAL EXPENSES $505,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$516,795	$441,889	+0.2%
Expenses	$505,267	$511,215	0.0%
Net Income	$11,528	$-69,326	-1.2%

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

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

$208,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim White	Chairperson	0.20	Officer Director	$0	$0	$0
Oscar Hernandez	Director	0.20	Director	$0	$0	$0
Ramsey M Jay	Director	0.20	Director	$0	$0	$0
John Polanskey	Vice-Chairman	0.20	Officer Director	$0	$0	$0
Jeffrey Lambert	Executive Director	5.00	Officer	$0	$5,400	$76,666
Joe Nocella	Secretary/Treasurer	2.50	Officer	$0	$9,528	$132,254

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
2024	$516,795	$505,267	$2,951,808	$11,528
2023	$441,889	$511,215	$3,003,543	$-69,326
2022	$430,457	$394,436	$3,112,451	$36,021
2021	$407,122	$421,795	$3,165,873	$-14,673
2020	$579,330	$400,243	$3,168,799	$179,087
2019	$492,154	$417,528	$5,856,389	$74,626
2018	$451,817	$282,965	$3,023,510	$168,852

Triad Properties