LOS ANGELES SECOND BAPTIST HOMES INC (EIN 953227543) - 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

1965

Legal Domicile

Principal Officer

LAWRENCE ELKINS

Phone

3232311104

Tax Period

2024-01-01 to 2024-12-31

LOS ANGELES SECOND BAPTIST HOMES INC, founded in 1965, is a micro nonprofit that reported $1K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $170K exceeded revenue, resulting in a 14572% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,159

Other Revenue $0

TOTAL REVENUE $1,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,044

Other Expenses $170,044

TOTAL EXPENSES $170,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,159	$35,885	-1.0%
Expenses	$170,044	$70,213	+1.4%
Net Income	$-168,885	$-34,328	+3.9%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE ELKINS	CHAIR/CEO	10.00	Officer Director	$0	$0	$0
YOLANDE BANKSTON	SECRETARY	5.00	Officer Director	$0	$0	$0
MATTHEW RAINEY	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM ELKINS IV	BOARD MEMBER	1.00	Director	$0	$0	$0
DEENA WILLIAMS MANGRUM	BOARD MEMBER	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	$1,159	$170,044	$-325,756	$-168,885
2023	$35,885	$70,213	$-13,268	$-34,328
2022	$43,747	No data	$21,060	No data
2021	$750,327	$438,771	$-20,067	$311,556
2020	$1,201,282	$485,898	$1,395,840	$715,384
2019	$437,614	$346,307	$638,642	$91,307
2018	$416,215	$467,203	$563,204	$-50,988

LOS ANGELES SECOND BAPTIST HOMES INC