ELDER CARE ALLIANCE OF SAN RAFAEL

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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

2003

Legal Domicile

Principal Officer

TORSTEN HIRCHE

Phone

5107692700

Tax Period

2024-07-01 to 2024-09-30

ELDER CARE ALLIANCE OF SAN RAFAEL, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $3.5M in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $3.1M left a modest 12% surplus.

Mission

A NONPROFIT ORGANIZATION COMMITTED TO SERVING AND ENRICHING THE PHYSICAL, EMOTIONAL, AND SPIRITUAL WELL-BEING OF OLDER ADULTS THROUGH A PROFESSIONAL, FAITH-CENTERED CARE COMMUNITY AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $2,131,968 Revenue: $2,823,531

ALMAVIA OF SAN RAFAEL'S (AVSR) ASSISTED LIVING PROVIDES HOUSING AND SERVICES FOR UP TO 114 OLDER ADULT RESIDENTS THAT REQUIRE SOME ASSISTANCE WITH MEDICATION OR DAILY ACTIVITIES. THESE THREE MONTHS, AVSR PROVIDED ASSISTED LIVING HOUSING FOR 99.3 RESIDENTS EACH MONTH ON AVERAGE, EXCLUDING SECOND PERSONS IN EACH APARTMENT, FOR A THREE MONTH TOTAL OF 9,139 RESIDENT DAYS. THE ASSISTED LIVING RESIDENTS ARE OFFERED FIVE LEVELS OF CARE IN ADDITION TO THE BASE LEVEL OF CARE SO THAT THEIR INDIVIDUAL NEEDS CAN BE MET. THERE ARE MANY ACTIVITIES PROVIDED FOR ASSISTED LIVING RESIDENTS, INCLUDING SOME THAT REFLECT THE FAITH-CENTERED MISSION.

Program 2

Expenses: $521,280 Revenue: $672,240

ALMAVIA OF SAN RAFAEL'S MEMORY CARE NEIGHBORHOOD PROVIDES HOUSING AND SERVICES FOR UP TO 22 OLDER ADULT RESIDENTS WHO HAVE DEMENTIA OR MEMORY LOSS. THESE THREE MONTHS, AVSR PROVIDED MEMORY CARE...

ALMAVIA OF SAN RAFAEL'S MEMORY CARE NEIGHBORHOOD PROVIDES HOUSING AND SERVICES FOR UP TO 22 OLDER ADULT RESIDENTS WHO HAVE DEMENTIA OR MEMORY LOSS. THESE THREE MONTHS, AVSR PROVIDED MEMORY CARE HOUSING FOR 18.3 RESIDENTS EACH MONTH ON AVERAGE FOR A TOTAL OF 1,685 RESIDENT DAYS. THE MEMORY CARE NEIGHBORHOOD HAS MANY DAILY ACTIVITIES DESIGNED FOR DEMENTIA OR MEMORY LOSS RESIDENTS.

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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 $0

Program Service Revenue $3,495,771

Investment Income $17,343

Other Revenue $3,660

TOTAL REVENUE $3,516,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,615,609

Fundraising Expenses $0

Program Expenses $2,653,248

Other Expenses $1,495,838

TOTAL EXPENSES $3,111,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,516,774	$14,698,078	-0.8%
Expenses	$3,111,447	$14,353,265	-0.8%
Net Income	$405,327	$344,813	+0.2%

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

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
TORSTEN HIRCHE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSE BOND	CHAIR	0.10	Officer Director	$0	$0	$0
GREG RUSSELL	VICE CHAIR	0.10	Officer Director	$0	$0	$0
MICHAEL CONNELL	TREASURER & CFO	1.00	Officer	$0	$0	$0
MICHELE LUKE	SECRETARY	1.00	Officer	$0	$0	$0
BARB BENNETT	DIRECTOR	0.10	Director	$0	$0	$0
CATHY DANIGELIS	DIRECTOR	0.10	Director	$0	$0	$0
KATHI LENTZSCH	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT LUMSDEN	DIRECTOR	0.10	Director	$0	$0	$0
JIM MELHORN	DIRECTOR	0.10	Director	$0	$0	$0
JOY MOORE	DIRECTOR	0.10	Director	$0	$0	$0
LISA NELSON	DIRECTOR	0.10	Director	$0	$0	$0
MARY WAGNER	DIRECTOR	0.10	Director	$0	$0	$0
ADRIENE IVERSON	CEO	1.00	Officer	$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	$3,516,774	$3,111,447	$24,367,188	$405,327
2024	No data	No data	No data	No data
2023	$13,596,492	$11,782,308	$25,029,797	$1,814,184
2022	$10,492,501	$10,296,621	$23,945,513	$195,880
2021	$10,983,211	$10,597,449	$25,102,768	$385,762
2020	$11,093,714	$10,248,492	$23,994,743	$845,222
2019	$11,341,626	$10,020,316	$24,691,141	$1,321,310
2018	$11,278,525	$9,320,457	$24,583,474	$1,958,068