SENIOR HOUSING ASSOCIATION OF SNOHOMISH COUNTY (EIN 911212807) - 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

1986

Legal Domicile

Principal Officer

CAROL WHEELER

Phone

4252589222

Tax Period

2024-01-01 to 2024-12-31

SENIOR HOUSING ASSOCIATION OF SNOHOMISH COUNTY, founded in 1986, is a small nonprofit that reported $455K in total revenue in fiscal year 2024.

Mission

HOUSING FOR LOW-INCOME 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 (2024)

Revenue Breakdown

Contributions & Grants $332,983

Program Service Revenue $121,940

Investment Income $508

Other Revenue $0

TOTAL REVENUE $455,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,298

Fundraising Expenses $0

Program Expenses $430,876

Other Expenses $344,938

TOTAL EXPENSES $478,236

Year-over-Year Comparison

	2024	2023	Change
Revenue	$455,431	$448,056	+0.0%
Expenses	$478,236	$427,001	+0.1%
Net Income	$-22,805	$21,055	-2.1%

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

$437,315

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAJOR GALLOWAY III	EXEC. DIRECTOR (THROUGH APRIL 2024)	1.00	Officer	$0	$7,408	$332,829
MARY SWENSON	EXEC. DIRECTOR (AS OF APRIL 2024)	1.00	Officer	$0	$8,614	$104,486
CAROL WHEELER	PRESIDENT/CHAIR	1.00	Officer Director	$0	$0	$0
KOREN SMITH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNTHIA ANDREWS	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
CHIP BURGESS	BOARD MEMBER (THROUGH SEPTEMBER 2024)	1.00	Director	$0	$0	$0
GEORGE PEREZ JR	BOARD MEMBER	1.00	Director	$0	$0	$0
MANSOUD RASSAIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN TRAYNOR	BOARD MEMBER	1.00	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
2024	$455,431	$478,236	$1,245,315	$-22,805
2023	$448,056	$427,001	$1,351,624	$21,055
2022	$434,228	$374,598	$1,250,113	$59,630
2021	$428,016	$355,257	$1,222,073	$72,759
2020	$399,100	$369,423	$1,196,439	$29,677
2019	$392,254	$377,010	$1,216,268	$15,244
2018	$368,251	$359,315	$1,245,198	$8,936

SENIOR HOUSING ASSOCIATION OF SNOHOMISH COUNTY