LOMITA KIWANIS GARDENS INC (EIN 953915617) - 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

1984

Legal Domicile

Principal Officer

STUART HARTMAN

Phone

5622575325

Tax Period

2024-07-01 to 2025-06-30

LOMITA KIWANIS GARDENS INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $557K, a strong 38% operating margin.

Mission

LOMITA KIWANIS GARDENS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 67 UNIT COMMUNITY KNOWN AS LOMITA KIWANIS GARDENS LOCATED IN LOMITA, CALIFORNIA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $1,053,110

Program Service Revenue $345,806

Investment Income $51,465

Other Revenue $4,870

TOTAL REVENUE $1,455,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $786,381

Other Expenses $898,334

TOTAL EXPENSES $898,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,455,251	$1,392,370	+0.0%
Expenses	$898,334	$941,065	0.0%
Net Income	$556,917	$451,305	+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

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

$182,283

Total Directors

Key Employees

$5,992,363

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARTMAN STUART J	PRESIDENT/CEO	0.20	Key Emp	$0	$76,739	$770,133
AMBERG ROBERT R	EXECUTIVE VP GEN COUNSEL	0.20	Key Emp	$0	$54,717	$530,647
ROSSELLO FRANK JR	CFO AND VP OF FINANCE	0.20	Key Emp	$0	$30,494	$488,122
FARD BOBBY J	VP ACQUIS AND PROJ DEV	0.20	Key Emp	$0	$26,130	$326,600
ESCANDON YURI ANDREW	VP HOUSING OPERATIONS	0.20	Key Emp	$0	$55,605	$322,377
GILCHRIST KEVIN DARRELL	VP DEV FIN & ASSET MGMT	0.20	Key Emp	$0	$58,557	$317,115
BATTAGLIA NADA	VP HUMAN RESOURCES	0.20	Key Emp	$0	$53,518	$306,215
TITUS STEPHANIE L	VP PHILANTHROPY/CSO	0.20	Key Emp	$0	$58,388	$310,109
KING DIANE D	COMPL AND PRIVACY OFFICER	0.20	Key Emp	$0	$22,228	$259,898
MAGNONE VINCENT B	VP TREASURY & INVSTMT OFF	0.20	Key Emp	$0	$21,761	$254,783
CLOW JOHN C	VP RISK MANAGEMENT	0.20	Key Emp	$0	$22,289	$248,543
MICKELSON LAVONNE R	DIR OF AFFORD HOUSING OPS	0.20	Key Emp	$0	$4,875	$209,677
STECKBECK KENT	BUDGET & ANALYTICS DIR	0.20	Key Emp	$0	$5,371	$206,102
PHELPS LORI ANN	INFO SYSTEMS DIRECTOR	0.20	Key Emp	$0	$5,944	$204,059
ROBINSON TINA M	VP HOUSING ACCOUNTING	0.20	Key Emp	$0	$21,124	$214,780
HALL MAGGIE W	ASSOCIATE COUNSEL	0.20	Key Emp	$0	$23,477	$212,890
CHUNG DEAN H	CONTROLLER	0.20	Key Emp	$0	$31,777	$213,671
SANCHEZ OMAR E	CONSTRUCTION MANAGER SR	0.20	Key Emp	$0	$15,920	$199,550
SILVA JOANNE L	VP OCCUPANCY & TAX CREDIT	0.20	Key Emp	$0	$28,973	$212,522
FOX LAURA L	DIRECTOR OF CORP RECORDS	0.20	Officer	$0	$18,022	$182,283
RAGON CHRISTY ANN	VP OF COMMUNICATIONS	0.20	Key Emp	$0	$23,388	$184,570
RICANO PEGGY	ACCT MANAGER EXEMPT	0.20	Highest	$0	$20,771	$180,914
INGRAO SALVATORE A	DEVEL ACCOUNTING DIR	0.20	Highest	$0	$15,918	$173,401
YOUNG SEESEE	INTERNAL AUDIT DIRECTOR	0.20	Highest	$0	$4,876	$163,864
DO THANH-THANH	ACCT MANAGER EXEMPT	0.20	Highest	$0	$20,165	$173,627
PORTER JR NEWMAN RUSH	ENTITLEMENT PROJ MANAGER	0.20	Highest	$0	$19,865	$167,531
DEVER SUSAN Y	TREASURER	0.20	Officer Director	$0	$0	$0
HUHTA STEVEN	PRESIDENT	0.20	Officer Director	$0	$0	$0
ROSS DOROTHY	DIRECTOR	0.20	Director	$0	$0	$0
SEE SCHEDULE JO SALARY	DISCLOSURE - PGS 34 & 38	0.00	Officer	$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
2025	$1,455,251	$898,334	$2,868,200	$556,917
2024	$1,392,370	$941,065	$2,557,850	$451,305
2023	$1,284,869	$860,416	$2,339,321	$424,453
2022	$1,220,917	$890,358	$2,141,793	$330,559
2021	$856,515	$785,059	$2,010,117	$71,456
2020	$886,766	$783,591	$2,080,527	$103,175
2019	$862,934	$760,263	$2,131,176	$102,671

LOMITA KIWANIS GARDENS INC