LOTUS CARE HOUSE

EIN: 863161250 501(c)(3) Housing & Shelter

KANSAS CITY, MO

Total Revenue
$179,774
Total Expenses
$506,071
Total Assets
$58,290
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MO
Principal Officer
ALFREDO PALACOL
Phone
8164907539
Tax Period
2023-01-01 to 2023-12-31

LOTUS CARE HOUSE, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $180K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $506K exceeded revenue, resulting in a 182% operating deficit.

Mission

NAVIGATION CENTER FOR HOMELESS POPULATION TO RECIEVE ASSISTANCE IN FINDING PERMANENT HOUSING, MENTAL AND PHYSICAL CARE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $179,711
Program Service Revenue $0
Investment Income $0
Other Revenue $63
TOTAL REVENUE $179,774

Expense Breakdown

Grants Paid $8,940
Salaries & Benefits $306,500
Fundraising Expenses $0
Program Expenses $305,154
Other Expenses $190,631
TOTAL EXPENSES $506,071

Year-over-Year Comparison

2023 2022 Change
Revenue $179,774 $223,761 -0.2%
Expenses $506,071 $485,315 +0.0%
Net Income $-326,297 $-261,554 +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

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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
3

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
3
$0
Total Directors
1
$77,885
Key Employees
1
$77,885
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALFREDO PALACOL EXECUTIVE DIRECTOR 40.00
Director Key Emp Highest
$77,885 $0 $77,885
MIHIR R PATEL BOARD CHAIRMAN 2.00
Officer
$0 $0 $0
ROBIN MARTINEZ BOARD MEMBER 2.00
Officer
$0 $0 $0
MICHAEL MARSH BOARD MEMBER 2.00
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
2023 $179,774 $506,071 $58,290 $-326,297
2022 $223,761 $485,315 No data $-261,554
2021 $3,068,067 $3,191,654 $2,358 $-123,587
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