FOUNDATION HOUSE AT NORTHGATE

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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

2002

Legal Domicile

Principal Officer

JOHN MOFFITT

Phone

2063612758

Tax Period

2023-10-01 to 2024-09-30

Mission

THE ORGANIZATION'S MISSION WAS TO PROVIDE INDEPENDENT AND ASSISTED LIVING HOUSING FOR SENIORS.

Program Service Accomplishments

Program 1

Expenses: $159,000

PROVIDED RETIREMENT HOUSING, CARE AND SECURITY FOR ELDERLY INDIVIDUALS. FOUNDATION HOUSE AT NORTHGATE ALSO MADE GRANTS TO THE WASHINGTON HEALTH CARE ASSOCIATION AND OTHER TAX EXEMPT ORGANIZATIONS TO FURTHER THE FOURNDATION HOUSE AT NORTHGATE'S EXEMPT PURPOSE OF PROMOTING QUALITY LONG-TERM HEALTH CARE AND SERVICES.THE ORGANIZATION CEASED OPERATIONS AND DISSOLVED PURSUANT TO A BOARD RESOLUTION. ALL REMAINING ASSETS WERE DISTRIBUTED TO 501(C)(3) ORGANIZATIONS WITH A SIMILAR PURPOSE, TOTALLING $159,000. DISTRIBUTIONS WERE MADE IN ACCORDANCE WITH THE ORGANIZATION'S GOVERNING DOCUMENTS AND IRC 501(C)(3) REQUIREMENTS.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $159,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $159,000

Other Expenses $31,401

TOTAL EXPENSES $190,401

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$595	-1.0%
Expenses	$190,401	$14,360	+12.3%
Net Income	N/A	$-13,765	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JOHN MOFFITT	PRESIDENT	Officer Director	$0	$0	$0
NANCY STEPHENS	BOARD MEMBER	Director	$0	$0	$0
GARY EPPS	SECRETARY	Officer Director	$0	$0	$0
JAY IMAN	TREASURER, 2ND VICE PRESID	Officer Director	$0	$0	$0
GAIL PETTIS	BOARD MEMBER	Director	$0	$0	$0
COLLEEN MCKENZIE	BOARD MEMBER	Director	$0	$0	$0
PAT KILE	BOARD MEMBER	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	$190,401	No data	No data
2023	$595	$14,360	$222,918	$-13,765
2022	$3,287	$14,601	$224,683	$-11,314
2021	$4,038,596	$4,612,125	$238,951	$-573,529
2020	$4,910,092	$5,348,009	$1,615,910	$-437,917
2019	$5,114,163	$5,204,409	$1,799,516	$-90,246
2018	$4,854,624	$4,940,675	$1,743,301	$-86,051