LUTHERAN HOME FOR THE AGING OF HUMBOLDT COUNTY CA INC (EIN 941687154) - 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

1972

Legal Domicile

Phone

7077255923

Tax Period

2024-01-01 to 2024-12-31

LUTHERAN HOME FOR THE AGING OF HUMBOLDT COUNTY CA INC, founded in 1972, is a micro nonprofit that reported $69K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $130K exceeded revenue, resulting in a 87% operating deficit.

Mission

Administration of low-income senior citizen and handicapped subsidized housing projects.

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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 $1,330

Program Service Revenue $0

Investment Income $41,625

Other Revenue $26,502

TOTAL REVENUE $69,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,661

Fundraising Expenses $0

Other Expenses $36,120

TOTAL EXPENSES $129,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,457	$170,814	-0.6%
Expenses	$129,781	$161,599	-0.2%
Net Income	$-60,324	$9,215	-7.5%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sharon Tubb	Director	1.00	Director	$0	$0	$0
Pamela Goodwin	Director	1.00	Director	$0	$0	$0
Dena Lawrence	Director	1.00	Director	$0	$0	$0
Brick Hagedorn	Director	1.00	Director	$0	$0	$0
Gary Markegard	President	1.00	Officer Director	$0	$0	$0
Jonathan Claasen	Director	1.00	Director	$0	$0	$0
Larry Doss	Treasurer	1.00	Officer Director	$0	$0	$0
Mike Woyak	BOARD MEMBER	1.00	Director	$0	$0	$0
Ray Wilcox	Vice President	1.00	Officer Director	$0	$0	$0
Paul Demant	Secretary	1.00	Officer 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	$69,457	$129,781	$3,084,916	$-60,324
2023	$170,814	$161,599	$3,135,270	$9,215
2022	$367,309	$128,081	$2,111,303	$239,228
2022	$41,773	$128,081	$2,111,303	$-86,308
2021	$143,877	$104,752	$2,273,938	$39,125
2020	$182,215	$103,328	$2,253,548	$78,887
2019	$29,538	$110,287	$2,161,975	$-80,749
2018	$148,074	$107,839	$2,181,525	$40,235

LUTHERAN HOME FOR THE AGING OF HUMBOLDT COUNTY CA INC