DIAMOND SUNRISE CORPORATION (EIN 942747276) - 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

1980

Legal Domicile

Principal Officer

DOUG SHOEMAKER

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

DIAMOND SUNRISE CORPORATION, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $335K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $66K, a strong 20% operating margin.

Mission

DIAMOND SUNRISE CORPORATION WAS FORMED FOR THE PURPOSE OF DEVELOPING, ACQUIRING, REHABILITATING, OWNING, AND OPERATING A 24-UNIT LOW-INCOME APARTMENT COMPLEX FOR ELDERLY AND HANDICAPPED PERSONS. THE PROJECT IS LOCATED IN DIAMOND SPRINGS, CALIFORNIA.

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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 $226,759

Program Service Revenue $104,064

Investment Income $1,015

Other Revenue $3,115

TOTAL REVENUE $334,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $237,569

Other Expenses $269,177

TOTAL EXPENSES $269,177

Year-over-Year Comparison

	2023	2022	Change
Revenue	$334,953	$292,556	+0.1%
Expenses	$269,177	$302,837	-0.1%
Net Income	$65,776	$-10,281	-7.4%

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

$2,688,507

Total Directors

$237,530

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILLIAN LEW-HAILER	DIRECTOR	1.00	Director	$0	$17,820	$237,530
JANET RUGGIERO	DIRECTOR	1.00	Director	$0	$0	$0
STAN KEASLING	CHAIR/DIRECTOR	1.00	Director	$0	$0	$0
ALVIN TUVILLA	VICE PRESIDENT	1.00	Officer	$0	$11,670	$180,748
AMY BAYLEY	ASSISTANT SECRETARY	1.00	Officer	$0	$0	$0
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
DOUG SHOEMAKER	PRESIDENT	1.00	Officer	$0	$25,195	$321,446
ED HOLDER	VICE PRESIDENT	1.00	Officer	$0	$38,385	$293,494
ELIZABETH KUWADA	VICE PRESIDENT	1.00	Officer	$0	$22,734	$220,151
ERIKA VILLABLANCA	VICE PRESIDENT	1.00	Officer	$0	$28,669	$205,960
JOSEPH ROSENBLUM	SECRETARY	1.00	Officer	$0	$10,201	$232,549
MELISSA CLAYTON	VICE PRESIDENT	1.00	Officer	$0	$33,798	$299,519
RAMIE DARE	VICE PRESIDENT	1.00	Officer	$0	$20,964	$250,355
RICK SPRAGUE	VICE PRESIDENT	1.00	Officer	$0	$14,598	$183,401
TIMOTHY DUNN	VICE PRESIDENT	1.00	Officer	$0	$33,259	$201,896
BRUCE SAAB	VICE PRESIDENT (UNTIL 10/23)	1.00	Officer	$0	$13,324	$98,303

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	$334,953	$269,177	$831,290	$65,776
2022	$292,556	$302,837	$788,870	$-10,281
2021	$308,487	$239,931	$763,839	$68,556
2020	$293,765	$239,226	$763,276	$54,539
2019	$275,721	$300,881	$740,084	$-25,160
2018	$242,242	$236,197	$723,927	$6,045

DIAMOND SUNRISE CORPORATION