CARMEL OAKS OF LAKEWOOD C/O ESSEX CORPORATION (EIN 841592206) - 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

2001

Legal Domicile

Phone

4024310500

Tax Period

2019-12-01 to 2020-11-30

CARMEL OAKS OF LAKEWOOD C/O ESSEX CORPORATION, founded in 2001, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2019. Revenue surged 144% from the prior year, signaling strong growth momentum. Expenses of $6.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDE RESIDENTIAL HOUSING AND OTHER FACILITIES TO THE ELDERLY

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $89,893

Investment Income $5,456,651

Other Revenue $0

TOTAL REVENUE $5,546,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,776,289

Other Expenses $6,427,230

TOTAL EXPENSES $6,427,230

Year-over-Year Comparison

	2019	2018	Change
Revenue	$5,546,544	$2,277,298	+1.4%
Expenses	$6,427,230	$2,531,074	+1.5%
Net Income	$-880,686	$-253,776	+2.5%

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
GREG CARSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
LOLLY PITTMAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
FRANKIE PANE	TREASURER	2.00	Officer Director	$0	$0	$0
CHARLA WAGGONER	SECRETARY	2.00	Officer Director	$0	$0	$0
SANDRA REYNOLDS	DIRECTOR	2.00	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
2020	$5,546,544	$6,427,230	No data	$-880,686
2019	$2,277,298	$2,531,074	$15,408,888	$-253,776
2017	$2,258,523	$1,942,611	$16,730,929	$315,912

CARMEL OAKS OF LAKEWOOD C/O ESSEX CORPORATION