REDWOOD SENIOR HOMES & SERVICES CORPORATION

EIN: 954634615 501(c)(3)

GLENDALE, CA

Total Revenue
$6,895,755
Total Expenses
$7,928,681
Total Assets
N/A
Net Assets
N/A
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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
1997
Legal Domicile
CA
Principal Officer
JOHN H COCHRANE III
Phone
8182470420
Tax Period
2019-01-01 to 2019-12-31

REDWOOD SENIOR HOMES & SERVICES CORPORATION, founded in 1997, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2019. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $7.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO REDEFINE THE MEANING OF AGING WELL FOR ADULTS 55 AND OLDER.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $44,145
Program Service Revenue $6,821,637
Investment Income $0
Other Revenue $29,973
TOTAL REVENUE $6,895,755

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,211,817
Fundraising Expenses $0
Program Expenses $7,010,215
Other Expenses $3,716,864
TOTAL EXPENSES $7,928,681

Year-over-Year Comparison

2019 2018 Change
Revenue $6,895,755 $15,776,855 -0.6%
Expenses $7,928,681 $17,230,394 -0.5%
Net Income $-1,032,926 $-1,453,539 -0.3%
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

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Governance

Voting Members
9
Independent Members
2
Employees
253
Volunteers
2

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
10
$3,977,566
Total Directors
9
$405,752
Key Employees
6
$1,746,655
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL L STAMPER CHAIR 1.00
Officer Director
$0 $0 $73,250
ALBERT W KELLEY VICE CHAIR 0.50
Officer Director
$0 $0 $60,417
H DECLAN BROWN SECRETARY 0.50
Officer Director
$0 $0 $62,417
JUDITH H BAKER DIRECTOR 0.50
Director
$0 $0 $60,917
REV MICHELLE HOLMES DIRECTOR 0.50
Director
$0 $0 $58,917
WILLIAM BATTISON DIRECTOR 0.50
Director
$0 $0 $58,917
ALAN GRIFFITH START 6119 DIRECTOR 0.50
Director
$0 $0 $30,917
SHARON ROTH RESIDENT DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM HULINGS DIRECTOR 0.50
Director
$0 $0 $0
JOHN H COCHRANE III PRESIDENT/CHIEF EXECUTIVE OFFICER 1.00
Officer
$0 $28,899 $898,356
DANIEL HUTSON UNTIL 0319 CHIEF STRATEGY OFFICER 1.00
Officer
$0 $14,751 $552,129
DANIEL OGUS CHIEF OPERATING OFFICER 1.00
Officer
$0 $32,388 $671,848
PAMELA S CLAASSEN UNTIL 1219 CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $28,749 $673,135
S LOUISE RANKIN RETD 0519 GENERAL COUNSEL 1.00
Officer
$0 $22,544 $397,540
BETHANY GHASSEMI START 0619 GENERAL COUNSEL 1.00
Officer
$0 $7,732 $193,623
FLEMING MENG START 8118 CHIEF INFORMATION OFFICER 1.00
Officer
$0 $25,885 $394,851
TARA MCGUINESS VP REGIONAL OPS, CCRCS 1.00
Key Emp
$0 $29,830 $308,985
DENNIS GRADILLAS VP SALES 1.00
Key Emp
$0 $31,513 $324,620
GREGORY BEARCE VP REGIONAL OPERATIONS 1.00
Key Emp
$0 $25,896 $285,886
TYLER ICHIEN VP REGIONAL OPERATIONS 1.00
Key Emp
$0 $28,912 $305,724
LISA HOLLAND VP REGIONAL OPERATIONS 1.00
Key Emp
$0 $24,397 $237,153
MARC HERRERA VP HEALTHCARE & QUALITY 1.00
Key Emp
$0 $27,032 $284,287
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
2019 $6,895,755 $7,928,681 No data $-1,032,926
2018 $15,776,855 $17,230,394 $20,486,441 $-1,453,539
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