Counseling & Research Associates Inc dba Masada Homes (EIN 952479348) - 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

1966

Legal Domicile

Principal Officer

James Wind

Phone

3107152020

Tax Period

2022-07-01 to 2023-06-30

Counseling & Research Associates Inc dba Masada Homes, founded in 1966, is a mid-sized nonprofit in the Human Services sector that reported $19.0M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Counseling & Research Associates, Inc. dba Masada Homes (Masada)'s mission is to provide comprehensive, solution-based mental health and social services that enhance the lives of children, youth, families, and adults, while contributing to the overall well-being of communities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $19,040,338

Program Service Revenue $0

Investment Income $2,985

Other Revenue $-930

TOTAL REVENUE $19,042,393

Expense Breakdown

Grants Paid $1,064,946

Salaries & Benefits $14,504,971

Fundraising Expenses $0

Program Expenses $17,747,420

Other Expenses $3,940,663

TOTAL EXPENSES $19,510,580

Year-over-Year Comparison

	2022	2021	Change
Revenue	$19,042,393	$16,770,692	+0.1%
Expenses	$19,510,580	$17,840,255	+0.1%
Net Income	$-468,187	$-1,069,563	-0.6%

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

209

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

$357,859

Total Directors

$210,314

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George K Igi	Chairman/Board Member (trans 8/22)	2.00	Officer Director	$0	$0	$0
Sharon Igi	V.C./Bd. Mbr.(trans 10/22)(end 1/23)	2.00	Officer Director	$0	$0	$0
Charles Elias	Secretary/Attorney (end 1/23)	40.00	Officer Director	$1,500	$0	$1,500
Maribel Matinez	Board Member (start 3/23)	2.00	Director	$0	$0	$0
Sherri Matsuda	Board Member (start 3/23)	2.00	Director	$0	$0	$0
Marilyn Noriega	Board Member	2.00	Director	$1,800	$0	$1,800
Katie Pandolfo	Board Member (start 3/23)	2.00	Director	$0	$0	$0
William Paulsen	Board Member/Chair (trans 8/22)	2.00	Officer Director	$1,500	$0	$1,500
Jessica Polk	Board Member (start 2/23)	2.00	Director	$0	$0	$0
Justin Stallings	Board Member	2.00	Director	$1,800	$0	$1,800
Tracie Washington	Board Member (end 3/23)	2.00	Director	$1,800	$0	$1,800
Willard Yamaguchi	Board Member (start 2/23)	2.00	Director	$0	$0	$0
Ezra Yeung	Board Member (end 1/23)	2.00	Director	$1,500	$0	$1,500
Bernard Smith	E.D./CAO (trans 12/22)(end 5/23)	40.00	Officer Director	$187,911	$12,503	$200,414
John Hatakeyama	Board Member/Interim CEO(start 1/23)	10.00	Officer Director	$0	$0	$0
James Wind	Board Member/Interim CEO(start 1/23)	10.00	Officer Director	$0	$0	$0
Steven Schultz	CFO	40.00	Officer	$135,989	$18,456	$154,445
Kelly Ann Asato	Chief Operating Officer	40.00	Highest	$174,362	$8,674	$183,036
Patricia Tindbaek	Executive Administrator	40.00	Highest	$139,812	$16,520	$156,332
Makiko Hoichi	Regional Director	40.00	Highest	$127,699	$5,762	$133,461
Khai Nguyen	Director of Admin. Service	40.00	Highest	$109,109	$5,765	$114,874
Tiffany Flood	Division Director	40.00	Highest	$136,546	$17,578	$154,124

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	No data	No data	No data	No data
2023	$19,042,393	$19,510,580	$7,323,770	$-468,187
2022	$16,770,692	$17,840,255	$4,083,367	$-1,069,563
2021	$18,110,140	$18,134,334	$5,856,007	$-24,194
2020	$19,660,484	$19,700,609	$3,260,285	$-40,125
2019	$19,602,631	$19,599,675	$4,646,864	$2,956
2018	$15,922,266	$16,401,375	$5,819,254	$-479,109

Counseling & Research Associates Inc dba Masada Homes