SENIOR HOUSING ASSISTANCE GROUP (EIN 943063455) - 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

1988

Legal Domicile

Principal Officer

TORSTEN HIRCHE

Phone

2067015428

Tax Period

2023-10-01 to 2024-09-30

SENIOR HOUSING ASSISTANCE GROUP, founded in 1988, is a mid-sized nonprofit that reported $57.6M in total revenue in fiscal year 2023.

Mission

TO FOSTER AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME SENIORS AND PEOPLE 55+ WITH DISABILITIES.

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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 $109,733

Program Service Revenue $57,101,232

Investment Income $368,860

Other Revenue $0

TOTAL REVENUE $57,579,825

Expense Breakdown

Grants Paid $860,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,635,101

Other Expenses $56,243,295

TOTAL EXPENSES $57,103,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,579,825	$56,099,956	+0.0%
Expenses	$57,103,295	$56,094,935	+0.0%
Net Income	$476,530	$5,021	+93.9%

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

$1,974,327

Total Directors

$1,184,579

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TORSTEN HIRCHE	PRESIDENT & CEO	1.00	Officer Director	$0	$29,551	$1,184,579
MICHAEL CONNELL	TREASURER & CFO	1.00	Officer	$0	$37,634	$683,447
MICHELE LUKE	SECRETARY	1.00	Officer	$0	$6,884	$106,301
MARY WAGNER	CHAIR & DIRECTOR	0.10	Officer Director	$0	$0	$0
JESSE BOND	VICE CHAIR & CHAIR	0.10	Officer Director	$0	$0	$0
GREG RUSSELL	DIRECTOR & VICE CHAIR	0.10	Officer Director	$0	$0	$0
BARB BENNETT	DIRECTOR	0.10	Director	$0	$0	$0
CATHY DANIGELIS	DIRECTOR	0.10	Director	$0	$0	$0
KATHI LENTZSCH	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT LUMSDEN	DIRECTOR	0.10	Director	$0	$0	$0
JIM MELHORN	DIRECTOR	0.10	Director	$0	$0	$0
JOY MOORE	DIRECTOR	0.10	Director	$0	$0	$0
LISA NELSON	DIRECTOR	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	$57,579,825	$57,103,295	$18,169,298	$476,530
2023	$56,099,956	$56,094,935	$15,256,813	$5,021
2022	$37,172,442	$38,673,848	$13,973,610	$-1,501,406
2021	$47,584,757	$49,848,712	$19,510,014	$-2,263,955
2020	$46,277,049	$41,589,935	$27,098,699	$4,687,114

SENIOR HOUSING ASSISTANCE GROUP