LUTHERAN HOUSING CORPORATION OF CALIFORNIA (EIN 953545876) - 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

1969

Legal Domicile

Principal Officer

JAMES MERRITT

Phone

7145333450

Tax Period

2024-01-01 to 2024-12-31

LUTHERAN HOUSING CORPORATION OF CALIFORNIA, founded in 1969, is a small nonprofit in the Housing & Shelter sector that reported $506K in total revenue in fiscal year 2024. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $224K, a strong 44% operating margin.

Mission

PROVIDING AFFORDABLE HOUSING TO PERSONS WITH LOW INCOME.

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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 $391,486

Program Service Revenue $108,097

Investment Income $6,049

Other Revenue $0

TOTAL REVENUE $505,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,821

Fundraising Expenses $0

Program Expenses $252,938

Other Expenses $205,011

TOTAL EXPENSES $281,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$505,632	$229,561	+1.2%
Expenses	$281,832	$190,542	+0.5%
Net Income	$223,800	$39,019	+4.7%

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

$1,841

Total Directors

$1,841

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MERRITT	PRESIDENT, CHAIRPERSON	2.00	Officer Director	$0	$0	$0
TANGELA BROWN	VICE PRES, ASST SECRETARY	1.00	Officer Director	$0	$0	$0
ANTHONY M CALLAWAY	VICE PRES, ASSISTANT CFO	1.00	Officer Director	$0	$0	$0
RANDALL SIMMRIN	CFO, SECRETARY	1.00	Officer Director	$0	$1,841	$1,841

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	$505,632	$281,832	$990,178	$223,800
2023	$229,561	$190,542	$770,652	$39,019
2022	$239,393	$172,366	$776,001	$67,027
2021	$230,872	$176,526	$728,247	$54,346
2020	$188,443	$176,967	$682,762	$11,476
2019	$187,067	$140,095	$682,297	$46,972
2018	$210,352	$174,422	$632,845	$35,930

LUTHERAN HOUSING CORPORATION OF CALIFORNIA