HUMANGOOD FOUNDATION SOUTH

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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

1993

Legal Domicile

Principal Officer

JOHN H COCHRANE III

Phone

8182470420

Tax Period

2023-01-01 to 2023-12-31

HUMANGOOD FOUNDATION SOUTH, founded in 1993, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $2.5M left a modest 12% surplus.

Mission

AT HUMANGOOD WE BELIEVE EVERYONE SHOULD HAVE THE OPPORTUNITY TO LIVE WITH ENTHUSIASM, CONFIDENCE AND SECURITY, REGARDLESS OF PHYSICAL, SOCIAL, OR ECONOMIC CIRCUMSTANCES. AND WHEN WE SAY EVERYONE, WE MEAN EVERYONE - INCLUDING YOU. CONTINUED ON SCHEDULE O.BECAUSE WE BELIEVE THIS, OUR MISSION IS TO INSPIRE YOUR BEST LIFE.WE DO THAT BY WORKING HAND-IN-HAND TO CREATE EXPERIENCES THAT MATTER TO YOU.

Program Service Accomplishments

Program 1

Expenses: $1,871,322

THE PRIMARY PURPOSE OF HUMANGOOD FOUNDATION SOUTH (THE "FOUNDATION") IS TO DEVELOP, INVEST AND ADMINISTER FUNDS TO PROVIDE RESIDENTIAL AND NURSING HOME CARE ON BEHALF OF THE RESIDENTS OF FACILITIES OF HUMANGOOD SOCAL, WHICH IS A RELATED 501(C)(3) ORGANIZATION. THE FOUNDATION'S PRINCIPAL ACTIVITY IS TO ADMINISTER SUCH FUNDS UNDER TRUST AGREEMENTS.

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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 $1,766,013

Program Service Revenue $0

Investment Income $1,133,474

Other Revenue $0

TOTAL REVENUE $2,899,487

Expense Breakdown

Grants Paid $1,871,322

Salaries & Benefits $309,652

Fundraising Expenses $204,515

Program Expenses $1,871,322

Other Expenses $365,985

TOTAL EXPENSES $2,546,959

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,899,487	$3,110,016	-0.1%
Expenses	$2,546,959	$2,873,586	-0.1%
Net Income	$352,528	$236,430	+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

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

$3,585,025

Total Directors

$63,000

Key Employees

$680,729

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN DOWNEY	CHAIR	0.50	Officer Director	$0	$0	$0
WILLIAM G YOUNG JR	VICE CHAIR	0.50	Officer Director	$0	$0	$0
CHARLOTTE MARTINELLI	SECRETARY	0.50	Officer Director	$0	$0	$0
WILLIAM BATTISON	DIRECTOR	0.50	Director	$0	$0	$63,000
DOROTHY COLE	DIRECTOR	0.50	Director	$0	$0	$0
KEN HEFLIN	RESIDENT DIRECTOR	0.50	Director	$0	$0	$0
CAROLYN LEONTOS	RESIDENT DIRECTOR (UNTIL 2/2023)	0.50	Director	$0	$0	$0
DAVID FUKUDA	DIRECTOR (UNTIL 2/23)	0.50	Director	$0	$0	$0
JOHN H COCHRANE III	PRESIDENT/CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$40,383	$1,137,774
DANIEL OGUS	CHIEF OPERATING OFFICER	0.50	Officer	$0	$41,587	$895,319
ANDREW MCDONALD	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$40,715	$651,891
BETHANY GHASSEMI	CHIEF LEGAL OFFICER	0.50	Officer	$0	$15,193	$560,689
FLEMING MENG	CIO (UNTIL 1/23)	0.00	Officer	$0	$0	$110,080
NICK LINDBERG	CHIEF INFORMATION OFFICER	0.50	Officer	$0	$1,975	$229,272
ANIKA HARTOUNIAN	VP OF FINANCE	0.50	Key Emp	$0	$38,036	$334,595
JUANITA FRALEY	VP PHILANTHROPY	20.00	Key Emp	$309,987	$36,147	$346,134

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	$2,899,487	$2,546,959	$40,642,559	$352,528
2022	$3,110,016	$2,873,586	$37,293,191	$236,430
2021	$4,482,210	$2,584,205	$40,897,501	$1,898,005
2020	$2,183,706	$2,370,306	$37,319,986	$-186,600
2019	$3,888,926	$2,544,441	$34,949,134	$1,344,485
2018	$7,130,397	$3,036,397	$29,982,421	$4,094,000