LTSC COMMUNITY DEVELOPMENT CORPORATION (EIN 954444102) - 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

1993

Legal Domicile

Principal Officer

BOMEE KIM FAIN

Phone

2134733030

Tax Period

2024-01-01 to 2024-12-31

LTSC COMMUNITY DEVELOPMENT CORPORATION, founded in 1993, is a mid-sized nonprofit in the Housing & Shelter sector that reported $27.5M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.6M, a strong 31% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE A COMPREHENSIVE ARRAY OF SOCIAL WELFARE AND COMMUNITY DEVELOPMENT ACTIVITIES TO ASSIST LOW INCOME PERSONS AND OTHERS IN NEED.

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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 $19,107,650

Program Service Revenue $8,243,517

Investment Income $0

Other Revenue $170,074

TOTAL REVENUE $27,521,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,577,891

Fundraising Expenses $603,974

Program Expenses $16,533,242

Other Expenses $9,361,697

TOTAL EXPENSES $18,939,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,521,241	$22,256,319	+0.2%
Expenses	$18,939,588	$15,986,199	+0.2%
Net Income	$8,581,653	$6,270,120	+0.4%

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

145

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

$303,813

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAIRE KITAYAMA	PRESIDENT	1.50	Officer Director	$0	$0	$0
MIGUEL NUNEZ	VICE PRESIDENT	0.80	Officer Director	$0	$0	$0
JEFFRY YONEMURA	TREASURER	0.80	Officer Director	$0	$0	$0
JESSICA CHANG	SECRETARY	0.80	Officer Director	$0	$0	$0
ERICH NAKANO	EXECUTIVE DIRECTOR	40.00	Officer	$172,127	$0	$172,127
BOMEE FAIN	CFO	40.00	Officer	$131,686	$0	$131,686
DICK KAKU	BOARD MEMBER	1.50	Director	$0	$0	$0
EDWIN TAKAHASHI	BOARD MEMBER	0.80	Director	$0	$0	$0
KATHY MASAOKA	BOARD MEMBER	0.80	Director	$0	$0	$0
KELSEY IINO	BOARD MEMBER	0.80	Director	$0	$0	$0
KEITH TERASAKI	BOARD MEMBER	0.80	Director	$0	$0	$0
DENNIS ARGUELLES	BOARD MEMBER	0.80	Director	$0	$0	$0
JEFF SCHAFFER	BOARD MEMBER	0.80	Director	$0	$0	$0
KIRA CONLON	BOARD MEMBER	0.80	Director	$0	$0	$0
KAREN UMEMOTO	BOARD MEMBER	0.80	Director	$0	$0	$0
KELLY TAKASU	BOARD MEMBER	0.80	Director	$0	$0	$0
BETTY AVILA	BOARD MEMBER	0.80	Director	$0	$0	$0
BIBIANA ROSALIA	BOARD MEMBER	0.80	Director	$0	$0	$0
CHRIS AIHARA	BOARD MEMBER	0.80	Director	$0	$0	$0
DAE JOONG YOON	BOARD MEMBER	0.80	Director	$0	$0	$0
MARY ANN TAKEMOTO	BOARD MEMBER	0.80	Director	$0	$0	$0
NOELLE ITO	BOARD MEMBER	0.80	Director	$0	$0	$0
PERLA ESTON	BOARD MEMBER	0.80	Director	$0	$0	$0
SID KATO	BOARD MEMBER	0.80	Director	$0	$0	$0
MARIA AHVERDYAN	BOARD MEMBER	0.80	Director	$0	$0	$0
DAVID HOWDEN	BOARD MEMBER	0.80	Director	$0	$0	$0
KEVIN OYAMA	BOARD MEMBER	0.80	Director	$0	$0	$0
HELEN OTA	BOARD MEMBER	0.80	Director	$0	$0	$0
DEBBIE CHEN	HIGH COMPENSATED EMPLOYEE	40.00	Highest	$132,977	$0	$132,977
TADAO PETER GEE	HIGH COMPENSATED EMPLOYEE	40.00	Highest	$132,927	$0	$132,927
TAKAO SUZUKI	HIGH COMPENSATED EMPLOYEE	40.00	Highest	$163,110	$0	$163,110

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	$27,521,241	$18,939,588	$187,942,341	$8,581,653
2023	$22,256,319	$15,986,199	$126,635,879	$6,270,120
2022	$23,573,245	$13,882,380	$83,519,714	$9,690,865
2021	$15,469,523	$12,386,610	$47,200,516	$3,082,913
2020	$19,015,665	$12,199,691	$41,097,170	$6,815,974
2019	$15,491,804	$10,391,440	$37,349,114	$5,100,364
2018	$14,518,147	$11,767,914	$34,168,200	$2,750,233

LTSC COMMUNITY DEVELOPMENT CORPORATION