LAKE WOODS SENIOR HOUSING ASSOCIATION OF SNOHOMISH COUNTY (EIN 911514047) - 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

1991

Legal Domicile

Principal Officer

KOREN SMITH

Phone

4252589222

Tax Period

2023-01-01 to 2023-12-31

LAKE WOODS SENIOR HOUSING ASSOCIATION OF SNOHOMISH COUNTY, founded in 1991, is a small nonprofit in the Unknown sector that reported $830K in total revenue in fiscal year 2023. The organization ran a surplus of $167K, a strong 20% operating margin.

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 (2023)

Revenue Breakdown

Contributions & Grants $574,668

Program Service Revenue $180,546

Investment Income $866

Other Revenue $73,650

TOTAL REVENUE $829,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,204

Fundraising Expenses $0

Program Expenses $533,389

Other Expenses $546,213

TOTAL EXPENSES $662,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$829,730	$828,880	+0.0%
Expenses	$662,417	$490,214	+0.4%
Net Income	$167,313	$338,666	-0.5%

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

$443,332

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN FORSYTH - INTERIM EXEC	DIRECTOR (THROUGH NOV. 2023)	1.00	Officer	$0	$31,395	$222,080
ASHLEY LOMMERS-JOHNSON	EXEC. DIRECTOR (THROUGH APRIL 2023)	1.00	Officer	$0	$12,502	$137,692
MAJOR GALLOWAY III	EXECUTIVE DIRECTOR	1.00	Officer	$0	$5,995	$83,560
CHIP BURGESS	PRESIDENT	1.00	Officer Director	$0	$0	$0
KOREN SMITH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNTHIA ANDREWS	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL MANSELLE	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE PEREZ JR	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN TRAYNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
BENJAMIN YOUNG	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	No data	No data	No data	No data
2023	$829,730	$662,417	$1,808,376	$167,313
2022	$828,880	$490,214	$1,609,705	$338,666
2021	$587,033	$416,923	$1,461,241	$170,110
2020	$326,220	$384,498	$1,312,544	$-58,278
2019	$285,753	$392,682	$1,331,552	$-106,929
2018	$270,904	$403,088	$1,404,178	$-132,184

LAKE WOODS SENIOR HOUSING ASSOCIATION OF SNOHOMISH COUNTY