CORINTH HOUSING CORPORATION (EIN 010332353) - 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

Formation Year

1977

Legal Domicile

Principal Officer

CHARLES MARTIN

Phone

2072962106

Tax Period

2025-01-01 to 2025-12-31

CORINTH HOUSING CORPORATION is a tax-exempt nonprofit with EIN 010332353, based in STETSON, ME. Founded in 1977, the organization files IRS Form 990 and reported its most recent data for fiscal year 2025. In that period, it reported $281,351 in total revenue and $259,667 in total expenses, with net assets of $555,441.

Mission

LOW INCOME 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $278,941

Investment Income $470

Other Revenue $1,940

TOTAL REVENUE $281,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,157

Fundraising Expenses $0

Program Expenses $222,854

Other Expenses $249,510

TOTAL EXPENSES $259,667

Year-over-Year Comparison

	2025	2024	Change
Revenue	$281,351	$284,361	0.0%
Expenses	$259,667	$238,706	+0.1%
Net Income	$21,684	$45,655	-0.5%

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

Volunteers

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

$40,898

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DUNFEE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIE MCCORRISON	SECRETARY, TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTINE MCCORRISON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID EASLER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LIBBY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN WARD	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
VAL MCCORRISON	DIRECTOR	1.00	Director	$0	$0	$0
ROXANNE EASLER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES MARTIN	MANAGEMENT COMPANY	20.00	Officer	$40,898	$0	$40,898

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	$281,351	$259,667	$610,592	$21,684
2024	No data	No data	No data	No data
2023	$261,990	$237,313	$567,113	$24,677
2022	$229,208	$228,410	$555,880	$798
2021	$222,861	$200,594	$575,054	$22,267
2020	$214,665	$183,012	$569,512	$31,653
2019	$211,099	$181,717	$557,217	$29,382
2018	$208,412	$185,367	$546,909	$23,045

CORINTH HOUSING CORPORATION