VENICE SENIOR HOUSING CORPORATION (EIN 954607627) - 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

1996

Legal Domicile

Principal Officer

JOHN H COCHRANE III

Phone

8182470420

Tax Period

2023-10-01 to 2024-09-30

VENICE SENIOR HOUSING CORPORATION, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $224K, a strong 19% operating margin.

Mission

AT HUMANGOOD WE BELIEVE EVERYONE SHOULD HAVE THE OPPORTUNITY TO LIVE WITH ENTHUSIASM, CONFIDENCE, AND SECURITY, REGARDLESS OF PHYSICAL, SOCIAL, OR ECONOMIC CIRCUMSTRANCES. AND WHEN WE SAY EVERYONE, WE MEAN EVERYONE - INCLUDING YOU.

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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 $862,564

Program Service Revenue $336,879

Investment Income $1,977

Other Revenue $2,899

TOTAL REVENUE $1,204,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $837,420

Other Expenses $980,017

TOTAL EXPENSES $980,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,204,319	$771,322	+0.6%
Expenses	$980,017	$946,157	+0.0%
Net Income	$224,302	$-174,835	-2.3%

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

N/A

Employees

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

$4,118,620

Total Directors

$451,000

Key Employees

$458,683

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL STAMPER	CHAIR	0.10	Officer Director	$0	$0	$73,000
ALBERT KELLEY	VICE CHAIR	0.10	Officer Director	$0	$0	$63,000
H DECLAN BROWN	SECRETARY	0.10	Officer Director	$0	$0	$63,000
JUDITH BAKER	BOARD MEMBER	0.10	Director	$0	$0	$63,000
REV MICHELLE HOLMES	BOARD MEMBER	0.10	Director	$0	$0	$63,000
WILLIAM BATISON	BOARD MEMBER	0.10	Director	$0	$0	$63,000
ALLAN GRIFFITH	BOARD MEMBER	0.10	Director	$0	$0	$63,000
JOHN H COCHRANE III	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$40,383	$1,137,774
DANIEL OGUS	CHIEF OPERATING OFFICER	0.50	Officer	$0	$41,587	$895,319
ANDREW MCDONALD	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$40,715	$651,891
BETHANY GHASSEMI	CHIEF LEGAL OFFICER	0.50	Officer	$0	$15,193	$560,689
ANIKA HARTOUNIAN	VP OF FINANCE	0.50	Officer	$0	$38,036	$334,595
NICK LINDBERG	CHIEF INFORMATION OFFICE	0.50	Officer	$0	$1,975	$229,272
MIN FLEMING MENG	CHIEF INFORMATION OFFICE	0.00	Officer	$0	$0	$110,080
JENNIFER KAPPEN	SVP - AFFORDABLE HOUSING	8.00	Key Emp	$0	$47,857	$458,683

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	$1,204,319	$980,017	$7,411,620	$224,302
2023	$771,322	$946,157	$6,862,068	$-174,835
2022	$728,513	$895,544	$7,094,701	$-167,031
2021	$671,383	$821,349	$7,199,468	$-149,966
2020	$656,305	$801,512	$7,348,874	$-145,207
2019	$731,612	$794,914	$7,592,772	$-63,302
2018	$661,889	$792,908	$7,729,022	$-131,019

VENICE SENIOR HOUSING CORPORATION