LOS ANGELES LOMOD CORPORATION

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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

1973

Legal Domicile

Principal Officer

CONNIE CALUMNAG

Phone

2132522510

Tax Period

2023-01-01 to 2023-12-31

LOS ANGELES LOMOD CORPORATION, founded in 1973, is a major nonprofit that reported $935.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

SUPPORT HOUSING NEEDS FOR LOW INCOME FAMILIES

Program Service Accomplishments

Program 1

Expenses: $901,637,399

HOUSING ASSISTANCE PAYMENTS FOR SUBSIDIZED UNITS IN 10 SOUTHERN CALIFORNIA COUNTIES MADE AS A CONTRACTUAL OBLIGATION UNDER THE ANNUAL CONTRIBUTIONS CONTRACT WITH HUD.

Program 2

Revenue: $30,729,389

LA LOMOD PROVIDES CONTRACT ADMINISTRATION SERVICES FOR THE SUBSIDIZED UNITS IN 10 SOUTHERN CALIFORNIA COUNTIES RECEIVING U.S. DEPT. OF HOUSING AND URBAN DEVELOPMENT (HUD) PROJECT-BASED SECTION 8...

LA LOMOD PROVIDES CONTRACT ADMINISTRATION SERVICES FOR THE SUBSIDIZED UNITS IN 10 SOUTHERN CALIFORNIA COUNTIES RECEIVING U.S. DEPT. OF HOUSING AND URBAN DEVELOPMENT (HUD) PROJECT-BASED SECTION 8 HOUSING ASSISTANCE.

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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 $901,637,399

Program Service Revenue $30,729,389

Investment Income $3,416,619

Other Revenue $0

TOTAL REVENUE $935,783,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,124,397

Fundraising Expenses $0

Program Expenses $901,637,399

Other Expenses $906,409,702

TOTAL EXPENSES $912,534,099

Year-over-Year Comparison

	2023	2022	Change
Revenue	$935,783,407	$858,547,964	+0.1%
Expenses	$912,534,099	$839,329,035	+0.1%
Net Income	$23,249,308	$19,218,929	+0.2%

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

$543,236

Total Directors

$419,314

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG GUTHRIE	CHAIRPERSON	0.50	Director	$0	$6,924	$419,314
DELFINO DE LA CRUZ	DIRECTOR	0.50	Director	$0	$0	$0
WELLS LAWSON	DIRECTOR	0.50	Director	$0	$0	$0
ARMINE PETROSYAN	SECRETARY	40.00	Officer	$148,428	$4,733	$153,161
CONNIE CALUMNAG	PRESIDENT	40.00	Officer	$200,450	$22,500	$222,950
HANG PHAN	TREASURER	40.00	Officer	$151,905	$15,220	$167,125

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	$935,783,407	$912,534,099	$101,464,645	$23,249,308
2022	$858,547,964	$839,329,035	$89,464,997	$19,218,929
2021	$794,065,740	$776,198,343	$76,221,370	$17,867,397
2020	$699,859,477	$683,826,156	$63,101,738	$16,033,321
2019	$625,961,731	$609,828,398	$53,124,239	$16,133,333
2018	$575,722,626	$561,225,971	$41,586,615	$14,496,655