ELDER CARE ALLIANCE OF SAN MATEO

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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

1924

Legal Domicile

Principal Officer

ADRIENE IVERSON

Phone

5107692700

Tax Period

2023-07-01 to 2024-06-30

ELDER CARE ALLIANCE OF SAN MATEO, founded in 1924, is a community nonprofit in the Human Services sector that reported $4.7M in total revenue in fiscal year 2023. Net assets of $20.1M represent 52 months of operating reserves.

Mission

A NONPROFIT ORGANIZATION COMMITTED TO SERVING AND ENRICHING THE PHYSICAL, EMOTIONAL, AND SPIRITUAL WELL-BEING OF OLDER ADULTS THROUGH PROFESSIONAL, FAITH-CENTERED, AGE-RESTRICTED APARTMENTS.

Program Service Accomplishments

Program 1

Expenses: $2,917,318 Revenue: $4,378,347

THE VILLA AT SAN MATEO PROVIDES HOUSING AND SERVICES FOR UP TO 135 OLDER ADULT RESIDENTS AGE 55 AND OLDER. THIS YEAR, VSM PROVIDED HOUSING FOR 128.9 RESIDENTS EACH MONTH ON AVERAGE, INCLUDING SECOND PERSONS IN EACH APARTMENT, FOR AN ANNUAL TOTAL OF 47,031 RESIDENT DAYS. THERE ARE ACTIVITIES PROVIDED FOR INDEPENDENT LIVING RESIDENTS, INCLUDING SOME THAT REFLECT THE FAITH-CENTERED MISSION.

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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 $120,807

Program Service Revenue $4,378,347

Investment Income $0

Other Revenue $179,373

TOTAL REVENUE $4,678,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $523,376

Fundraising Expenses $0

Program Expenses $2,917,318

Other Expenses $4,054,208

TOTAL EXPENSES $4,577,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,678,527	$4,665,784	+0.0%
Expenses	$4,577,584	$4,170,550	+0.1%
Net Income	$100,943	$495,234	-0.8%

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

$2,415,904

Total Directors

$1,184,579

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TORSTEN HIRCHE	PRESIDENT (AS OF 1/1/24)	1.00	Officer Director	$0	$29,551	$1,184,579
MICHAEL CONNELL	TREASURER & CFO (AS OF MAY 2024)	1.00	Officer	$0	$37,634	$683,447
ADRIENE IVERSON	CEO	1.00	Officer	$0	$9,647	$439,078
MICHELLE LUKE	SECRETARY (AS OF 1/1/24)	1.00	Officer	$0	$9,384	$108,800
BING ISENBERG	INTERIM CFO (THROUGH MAY 2024)	1.00	Officer	$0	$0	$0
JOY MOORE	CHAIR & DIRECTOR	1.00	Officer Director	$0	$0	$0
JESSE BOND	CHAIR (AS OF 1/1/24)	0.10	Officer Director	$0	$0	$0
GERALDINE MCGRATH	VICE CHAIR (THROUGH 12/31/23)	1.00	Officer Director	$0	$0	$0
GREG RUSSELL	VICE CHAIR (AS OF 1/1/24)	0.10	Officer Director	$0	$0	$0
JACKIE EJUWA	SECRETARY (THROUGH 12/31/23)	1.00	Officer Director	$0	$0	$0
MARY WAGNER	IMMEDIATE PAST CHAIR (AS OF 1/1/24)	0.10	Officer Director	$0	$0	$0
BARB BENNETT	DIRECTOR (AS OF 1/1/24)	0.10	Director	$0	$0	$0
CATHY DANIGELIS	DIRECTOR (AS OF 1/1/24)	0.10	Director	$0	$0	$0
KATHI LENTZSCH	DIRECTOR (AS OF 1/1/24)	0.10	Director	$0	$0	$0
SCOTT LUMSDEN	DIRECTOR (AS OF 1/1/24)	0.10	Director	$0	$0	$0
JIM MELHORN	DIRECTOR (AS OF 1/1/24)	0.10	Director	$0	$0	$0
LISA NELSON	DIRECTOR (AS OF 1/1/24)	0.10	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	$1,223,350	$1,159,212	$48,451,871	$64,138
2024	$4,678,527	$4,577,584	$48,398,003	$100,943
2023	$4,665,784	$4,170,550	$48,791,090	$495,234
2022	$4,389,144	$4,126,943	$48,811,582	$262,201
2021	$4,286,460	$3,843,011	$48,916,787	$443,449
2020	$4,323,655	$4,175,675	$48,879,238	$147,980
2019	$4,239,071	$3,194,807	$49,511,645	$1,044,264
2018	$4,111,288	$4,200,424	$48,998,364	$-89,136