LORENZO FARM HOUSING ASSOCIATION INC (EIN 751657078) - 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

1978

Legal Domicile

Principal Officer

LINDA GARCIA

Phone

8067775367

Tax Period

2024-01-01 to 2024-12-31

LORENZO FARM HOUSING ASSOCIATION INC, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $273K in total revenue in fiscal year 2024. Expenses of $382K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO FARM WORKERS AND LOW-INCOME FAMILIES.

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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 $175,482

Program Service Revenue $82,171

Investment Income $892

Other Revenue $14,208

TOTAL REVENUE $272,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,822

Fundraising Expenses $0

Program Expenses $381,823

Other Expenses $319,001

TOTAL EXPENSES $381,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$272,753	$279,248	0.0%
Expenses	$381,823	$357,189	+0.1%
Net Income	$-109,070	$-77,941	+0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB HARVEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
LARRY WAMPLER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MARK MAJORS	MEMBER	5.00	Director	$0	$0	$0
MARY MITCHELL	MEMBER	5.00	Director	$0	$0	$0
DEBBIE MAJORS	MEMBER	5.00	Director	$0	$0	$0
KIETHA ESTES	MEMBER	5.00	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
2024	$272,753	$381,823	$1,426,887	$-109,070
2023	No data	No data	No data	No data
2022	$323,233	$371,097	$1,670,052	$-47,864
2021	$232,207	$334,875	$1,728,321	$-102,668
2020	$274,303	$367,118	$1,852,299	$-92,815
2019	$337,806	$382,087	$1,980,689	$-44,281
2018	$265,714	$348,704	$2,063,323	$-82,990

LORENZO FARM HOUSING ASSOCIATION INC