ON LOK INC

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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

1989

Legal Domicile

Principal Officer

GRACE LI

Phone

4152928888

Tax Period

2023-07-01 to 2024-06-30

ON LOK INC, founded in 1989, is a mid-sized nonprofit in the Health Care sector that reported $22.8M in total revenue in fiscal year 2023. Expenses of $28.4M exceeded revenue, resulting in a 25% operating deficit.

Mission

DEVELOP AND SUPPORT HEALTH CARE MODELS FOR THE WELL-BEING AND DIGNITY OF ELDERLY AND CHRONICALLY ILL.

Program Service Accomplishments

Program 1

Expenses: $23,631,575 Revenue: $21,393,706

PROVIDE MANAGEMENT SUPPORT SERVICES (SUCH AS EXECUTIVE OVERSIGHT, STRATEGIC PLANNING, FINANCIAL MANAGEMENT AND ACCOUNTING, HUMAN RESOURCES MANAGEMENT, INFORMATION SYSTEMS, AND FUNDRAISING) TO...

PROVIDE MANAGEMENT SUPPORT SERVICES (SUCH AS EXECUTIVE OVERSIGHT, STRATEGIC PLANNING, FINANCIAL MANAGEMENT AND ACCOUNTING, HUMAN RESOURCES MANAGEMENT, INFORMATION SYSTEMS, AND FUNDRAISING) TO AFFILIATED 501(C)(3) ORGANIZATIONS WHICH PROVIDE HOUSING AND COMPREHENSIVE HEALTH CARE TO THE FRAIL ELDERLY AND OTHER SERVICES TO INDIVIDUALS AGED 60 AND OLDER.

Program 2

Expenses: $939,438 Revenue: $498,964

PROVIDE TECHNICAL ASSISTANCE AND ADMINISTRATIVE SUPPORT SERVICES TO ORGANIZATIONS DEVELOPING OR OPERATING A PACE PROGRAM (PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY).

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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 $893,028

Program Service Revenue $21,892,670

Investment Income $358,963

Other Revenue $-354,328

TOTAL REVENUE $22,790,333

Expense Breakdown

Grants Paid $2,996,703

Salaries & Benefits $14,294,930

Fundraising Expenses $1,784,281

Program Expenses $24,571,013

Other Expenses $11,100,969

TOTAL EXPENSES $28,392,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,790,333	$22,577,169	+0.0%
Expenses	$28,392,602	$25,961,453	+0.1%
Net Income	$-5,602,269	$-3,384,284	+0.7%

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

107

Volunteers

176

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

$858,701

Total Directors

$694,085

Key Employees

$1,398,321

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACE LI	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$661,573	$32,512	$694,085
KEVIN GERBER	CHAIR	2.00	Officer Director	$0	$0	$0
IRENE RILEY	VICE CHAIR (THRU 1/2024) / DIR (START 1/2024)	1.60	Officer Director	$0	$0	$0
MICHELE LEW	VICE CHAIR (START 1/2024)	0.80	Officer Director	$0	$0	$0
LYZ FERGUSON	TREASURER	2.00	Officer Director	$0	$0	$0
BARBARA SOLOMON	SECRETARY	2.00	Officer Director	$0	$0	$0
MAYA ALTMAN	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY CHUN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN KIM	DIRECTOR	1.00	Director	$0	$0	$0
ALINA LAGUNA	DIRECTOR	1.00	Director	$0	$0	$0
DIANE LEE	DIRECTOR (THRU 1/2024)	1.00	Director	$0	$0	$0
BETTY LEM	DIRECTOR (START 1/2024)	0.40	Director	$0	$0	$0
DARLENE MAR	DIRECTOR (THRU 1/2024)	0.60	Director	$0	$0	$0
CANDY RUPP	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SAEN	DIRECTOR	1.00	Director	$0	$0	$0
SHARON YOW	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT YU MD	DIRECTOR	1.00	Director	$0	$0	$0
CARL GERLACH	CHIEF FINANCIAL OFFICER	15.00	Officer	$164,616	$0	$164,616
MICHAEL WEBB	CHIEF TECH/INFO SEC OFF (THRU 12/2023)	40.00	Key Emp	$512,177	$53,207	$565,384
JOHN V BLAZEK	CHIEF DEVELOPMENT OFFICER & ED, OLDS	28.00	Key Emp	$302,589	$39,386	$341,975
JOY A MOORE	CHIEF PEOPLE OFFICER	40.00	Key Emp	$313,278	$24,606	$337,884
MIN CHANG	CHIEF STRATEGY OFFICER (THRU 3/2024)	40.00	Key Emp	$153,078	$0	$153,078
DENISE ALTOMARE	DIRECTOR, TALENT MANAGEMENT	40.00	Highest	$215,869	$39,486	$255,355
LINDA M CADOGAN	CONTROLLER	40.00	Highest	$202,668	$39,221	$241,889
HELEN HUCKLEBERRY	DIRECTOR, MARKETING	40.00	Highest	$199,041	$37,186	$236,227
KALLE J HOUSEMAN	DIR., FINANCIAL PLANNING & ANALYSIS	40.00	Highest	$190,703	$16,475	$207,178
MARIA ANGELITA REYES	DIRECTOR, PEOPLE OPERATIONS	40.00	Highest	$189,036	$15,113	$204,149

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
2025	No data	No data	No data	No data
2024	$22,790,333	$28,392,602	$12,205,717	$-5,602,269
2023	$22,577,169	$25,961,453	$17,010,352	$-3,384,284
2022	$17,376,209	$22,972,282	$19,946,932	$-5,596,073
2021	$16,654,774	$20,640,314	$25,722,793	$-3,985,540
2020	$14,944,344	$18,382,740	$13,329,530	$-3,438,396
2019	$7,830,862	$14,552,596	$14,882,484	$-6,721,734
2018	$10,944,579	$13,954,275	$17,682,926	$-3,009,696