LYDIA PLACE

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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

KARI DOSS

Phone

3606717663

Tax Period

2023-01-01 to 2023-12-31

LYDIA PLACE, founded in 1989, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

DISRUPT CYCLE OF HOMELESSNESS & PROMOTE SUSTAINED INDEPENDENCE FOR CURRENT AND FUTURE GENERATIONS.

Program Service Accomplishments

Program 1

Expenses: $2,478,890 Revenue: $378,019

THE LYDIA PLACE HOUSING PROGRAM AIMS TO PROVIDE IMMEDIATE AND LASTING HOUSING INTERVENTIONS AS WELL AS OFFER SAFE AND STABLE HOUSING TO VULNERABLE FAMILIES WHO MAY NOT QUALIFY FOR HOUSING ELSEWHERE AS A MEANS TO PREVENT THE GENERATIONAL CYCLE OF HOMELESSNESS. RESEARCH SHOWS THAT CHILDREN WHO EXPERIENCE HOMELESSNESS AND OTHER ADVERSE CHILDHOOD EXPERIENCES ARE SIGNIFICANTLY MORE LIKELY TO EXPERIENCE HOMELESSNESS AS ADULTS THAN ARE THEIR PEERS. IT IS CURRENTLY ESTIMATED THAT 40-50% OF PARENTS EXPERIENCING HOMELESSNESS REPORTED EXPERIENCING HOMELESSNESS DURING THEIR CHILDHOODS. RECOGNIZING THAT THE ATTAINMENT OF STABLE HOUSING IS BOTH FOUNDATIONAL FOR FAMILY SUCCESS AND INCOMPLETE IN ISOLATION OF OTHER SUPPORTS, THE HOUSING PROGRAM PROVIDES INTERIM HOUSING, PERMANENT HOUSING PLACEMENTS, INTENSIVE CASE MANAGEMENT, AND WRAP-AROUND SERVICES TO FAMILIES WITH CHILDREN EXPERIENCING HOMELESSNESS. THE FAMILY HOUSING PROGRAM SERVES MORE THAN 200 HOUSEHOLDS ANNUALLY, PROVING TO BE A CORNERSTONE RESOURCE IN WHATCOM COUNTY.

Program 2

Expenses: $551,362 Revenue: $109,538

THE MENTAL HEALTH PROGRAM PROVIDES FREE, LOW-BARRIER, AND CONFIDENTIAL MENTAL HEALTH COUNSELING, CRISIS INTERVENTION, AND PSYCHOEDUCATION, BOTH IN-HOME AND VIA TELEHEALTH, TO THE ORGANIZATION'S...

THE MENTAL HEALTH PROGRAM PROVIDES FREE, LOW-BARRIER, AND CONFIDENTIAL MENTAL HEALTH COUNSELING, CRISIS INTERVENTION, AND PSYCHOEDUCATION, BOTH IN-HOME AND VIA TELEHEALTH, TO THE ORGANIZATION'S CLIENTS.

Program 3

Expenses: $487,825

THE PARENT SUPPORT PROGRAM PROVIDES INTENSIVE AND FLEXIBLE EVIDENCE-BASED HOME VISITING SERVICES FOCUSED ON EQUIPPING PARENTS WITH THE KNOWLEDGE AND RESOURCES THEY NEED TO PARENT THEIR CHILDREN INTO...

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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 $3,875,991

Program Service Revenue $487,557

Investment Income $17,105

Other Revenue $2,332

TOTAL REVENUE $4,382,985

Expense Breakdown

Grants Paid $669,818

Salaries & Benefits $2,941,506

Fundraising Expenses $228,735

Program Expenses $3,885,585

Other Expenses $1,069,298

TOTAL EXPENSES $4,680,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,382,985	$5,482,805	-0.2%
Expenses	$4,680,622	$4,667,002	+0.0%
Net Income	$-297,637	$815,803	-1.4%

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

Volunteers

135

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

$211,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWNA UNGER	PRESIDENT	2.00	Officer Director	$0	$0	$0
RYAN THRAMER	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
KARI DOSS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SANJAY RUGHANI	SECRETARY	2.00	Officer Director	$0	$0	$0
MATTHEW BARROW	DIRECTOR	1.00	Director	$0	$0	$0
EMILY BESZHAK	DIRECTOR	1.00	Director	$0	$0	$0
ALYSSA FITZ	DIRECTOR	1.00	Director	$0	$0	$0
KARYL JEFFERSON	DIRECTOR	1.00	Director	$0	$0	$0
AMBER MACHIN	DIRECTOR	1.00	Director	$0	$0	$0
GUY OCCHIOGROSSO	DIRECTOR	1.00	Director	$0	$0	$0
KEVI VELDMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA WAHLROTH	DIRECTOR	1.00	Director	$0	$0	$0
KYLE KALTENFELDT	DIRECTOR	1.00	Director	$0	$0	$0
ALYCIA HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
ALEXIS JONES	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY THOMASSON	EXECUTIVE DIRECTOR START APRIL	40.00	Officer	$99,848	$8,779	$108,627
EMILY O'CONNOR	EXECUTIVE DIRECTOR UNTIL APRIL	40.00	Officer	$102,885	$0	$102,885
ERIN SMITH	CLINICAL PROGRAM DIRECTOR	40.00	Highest	$108,410	$5,332	$113,742

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	$4,382,985	$4,680,622	$9,155,745	$-297,637
2022	$5,482,805	$4,667,002	$9,745,690	$815,803
2021	$6,981,578	$2,999,080	$8,975,795	$3,982,498
2020	$2,976,202	$2,418,034	$4,442,101	$558,168
2019	$2,394,455	$2,395,436	$3,590,865	$-981
2018	$2,374,050	$1,849,476	$3,519,358	$524,574