SANTA BARBARA HOUSING ASSISTANCE CO (EIN 770439383) - 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

Principal Officer

CARLO SARMIENTO

Phone

8059631520

Tax Period

2023-10-01 to 2024-09-30

SANTA BARBARA HOUSING ASSISTANCE CO is a small nonprofit in the Housing & Shelter sector that reported $382K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $292K, a strong 77% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW & MODERATE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $232,763

Investment Income $12,336

Other Revenue $136,673

TOTAL REVENUE $381,772

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $28,000

Fundraising Expenses $0

Program Expenses $49,287

Other Expenses $41,412

TOTAL EXPENSES $89,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$381,772	$320,260	+0.2%
Expenses	$89,412	$96,413	-0.1%
Net Income	$292,360	$223,847	+0.3%

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

$28,000

Total Directors

$28,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLO SARMIENTO	DIRECTOR/PRE	5.00	Officer Director	$22,000	$0	$22,000
MATTHEW BENWITT	DIRECTOR/TRE	1.00	Officer Director	$3,000	$0	$3,000
BRIAN A ETZI	DIRECTOR/SEC	1.00	Officer Director	$3,000	$0	$3,000

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	$381,772	$89,412	$9,236,867	$292,360
2023	$320,260	$96,413	$8,944,507	$223,847
2022	$93,583	$117,737	$8,720,661	$-24,154
2021	$151,438	$92,517	$8,744,815	$58,921
2020	$136,645	$98,425	$8,685,893	$38,220
2019	$405,414	$104,426	$8,647,673	$300,988
2018	$8,037,564	$102,201	$8,346,685	$7,935,363

SANTA BARBARA HOUSING ASSISTANCE CO