ELDER CARE ALLIANCE OF SAN RAFAEL (EIN 760730971) - 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

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

ALMAVIA OF SAN RAFAEL SERVES AND ENRICHES THE LIVES OF OLDER ADULTS BY PROVIDING HOUSING AND SERVICES AT ITS MEMORY CARE AND ASSISTED LIVING NEIGHBORHOODS.

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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

ELDER CARE ALLIANCE OF SAN RAFAEL