ELDER CARE ALLIANCE (EIN 943260975) - 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

1996

Legal Domicile

Principal Officer

ADRIENE IVERSON

Phone

5107692700

Tax Period

2023-07-01 to 2024-06-30

ELDER CARE ALLIANCE, founded in 1996, is a community nonprofit in the Human Services sector that reported $7.8M in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 37% operating margin.

Mission

SERVES AND ENRICHES THE PHYSICAL, EMOTIONAL & SPIRITUAL WELL-BEING OF OLDER ADULTS THROUGH FOUR CARE COMMUNITIES IN CALIFORNIA, A CARE COORDINATION PROGRAM, AND AN AGE-RESTRICTED APARTMENT BUILDING.

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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 $2,853,977

Program Service Revenue $4,242,098

Investment Income $657,857

Other Revenue $999

TOTAL REVENUE $7,754,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,321,493

Fundraising Expenses $185,600

Program Expenses $343,707

Other Expenses $2,527,449

TOTAL EXPENSES $4,848,942

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,754,931	$4,347,483	+0.8%
Expenses	$4,848,942	$10,243,021	-0.5%
Net Income	$2,905,989	$-5,895,538	-1.5%

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

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

$2,415,904

Total Directors

$1,184,579

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TORSTEN HIRCHE	PRESIDENT (AS OF 1/1/24)	1.00	Officer Director	$0	$29,551	$1,184,579
MICHAEL CONNELL	TREASURER & CFO (AS OF MAY 2024)	1.00	Officer	$0	$37,634	$683,447
ADRIENE IVERSON	CEO	35.00	Officer	$429,431	$9,647	$439,078
CARLA SANCHEZ	VP OF OPERATIONS	40.00	Highest	$284,427	$0	$284,427
CARMEL DOLCINE-JOSEPH	VP OF WELLNESS	40.00	Highest	$203,370	$40,309	$243,679
MONICA STINSON	VP OF HUMAN RESOURCES	40.00	Highest	$191,589	$12,003	$203,592
JUDITH MASSLER	CONTROLLER	40.00	Highest	$176,327	$11,643	$187,970
MEREDITH BRADSHAW	VP OF MARKETING & COMMUNICATIONS	40.00	Highest	$174,212	$12,637	$186,849
MICHELLE LUKE	SECRETARY (AS OF 1/1/24)	1.00	Officer	$0	$9,384	$108,800
BING ISENBERG	INTERIM CFO (THROUGH MAY 2024)	35.00	Officer	$0	$0	$0
JOY MOORE	CHAIR & DIRECTOR	1.00	Officer Director	$0	$0	$0
JESSE BOND	CHAIR (AS OF 1/1/24)	0.10	Officer Director	$0	$0	$0
GERALDINE MCGRATH	VICE CHAIR (THROUGH 12/31/23)	1.00	Officer Director	$0	$0	$0
GREG RUSSELL	VICE CHAIR (AS OF 1/1/24)	0.10	Officer Director	$0	$0	$0
JACKIE EJUWA	SECRETARY (THROUGH 12/31/23)	1.00	Officer Director	$0	$0	$0
MARY WAGNER	IMMEDIATE PAST CHAIR (AS OF 1/1/24)	0.10	Officer Director	$0	$0	$0
VAL AGOSTINO	DIRECTOR (THROUGH 12/31/23)	1.00	Director	$0	$0	$0
BARB BENNETT	DIRECTOR (AS OF 1/1/24)	0.10	Director	$0	$0	$0
SISTER PAULINE BORGHELLO	DIRECTOR (THROUGH 12/31/23)	1.00	Director	$0	$0	$0
DORIS CHANG	DIRECTOR (THROUGH 12/31/23)	1.00	Director	$0	$0	$0
CATHY DANIGELIS	DIRECTOR (AS OF 1/1/24)	0.10	Director	$0	$0	$0
RAHUL JOGLEKAR	DIRECTOR (THROUGH 12/31/23)	1.00	Director	$0	$0	$0
STEVEN KIM	DIRECTOR (THROUGH 12/31/23)	1.00	Director	$0	$0	$0
KATHI LENTZSCH	DIRECTOR (AS OF 1/1/24)	0.10	Director	$0	$0	$0
SCOTT LUMSDEN	DIRECTOR (AS OF 1/1/24)	0.10	Director	$0	$0	$0
SUE MALLEY	DIRECTOR (THROUGH 12/31/23)	1.00	Director	$0	$0	$0
JIM MELHORN	DIRECTOR (AS OF 1/1/24)	0.10	Director	$0	$0	$0
LISA NELSON	DIRECTOR (AS OF 1/1/24)	0.10	Director	$0	$0	$0
ERICKA RYAN	DIRECTOR (THROUGH 12/31/23)	1.00	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	$1,201,751	$854,247	$25,662,118	$347,504
2024	$7,754,931	$4,848,942	$41,694,563	$2,905,989
2023	$4,347,483	$10,243,021	$38,371,457	$-5,895,538
2022	$4,507,097	$4,664,753	$36,709,405	$-157,656
2021	$4,777,437	$4,243,592	$39,094,355	$533,845
2020	$4,110,955	$4,117,236	$36,903,689	$-6,281
2019	$4,191,984	$3,637,098	$36,178,070	$554,886
2018	$3,787,196	$3,192,879	$36,868,984	$594,317

ELDER CARE ALLIANCE