PATTEN HOUSING CORPORATION (EIN 010332352) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Principal Officer

SHAWN PELLETIER

Phone

2074988332

Tax Period

2023-01-01 to 2023-12-31

PATTEN HOUSING CORPORATION is a tax-exempt nonprofit with EIN 010332352, based in CARIBOU, ME. The organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $295,937 in total revenue and $304,631 in total expenses, with net assets of $472,222.

Mission

LOW INCOME SENIOR HOUSING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $289,658

Investment Income $6,279

Other Revenue $0

TOTAL REVENUE $295,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $300,975

Other Expenses $304,631

TOTAL EXPENSES $304,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$295,937	$275,366	+0.1%
Expenses	$304,631	$297,490	+0.0%
Net Income	$-8,694	$-22,124	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
DEE COX	DIRECTOR	1.00	Officer Director	$0	$0	$0
JEANETTE HAFFORD	DIRECTOR	1.00	Officer Director	$0	$0	$0
PATRICIA MYRICK	SECRETARY	1.00	Officer Director	$0	$0	$0
GLENDA SOMERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHAWN PELLETIER	MANAGEMENT A	5.00	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
2024	No data	No data	No data	No data
2023	$295,937	$304,631	$531,360	$-8,694
2022	$275,366	$297,490	$556,112	$-22,124
2021	$246,850	$249,714	$599,237	$-2,864
2020	$248,521	$233,721	$623,939	$14,800
2019	$250,148	$260,684	$629,395	$-10,536
2018	$251,654	$270,820	$662,289	$-19,166

PATTEN HOUSING CORPORATION