ISLAND FALLS HOUSING CORPORATION (EIN 010365386) - 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

1980

Legal Domicile

Principal Officer

SHAWN PELLETIER

Phone

2074988332

Tax Period

2023-01-01 to 2023-12-31

ISLAND FALLS HOUSING CORPORATION, founded in 1980, is a small nonprofit that reported $333K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $62K, a strong 19% operating margin.

Mission

LOW INCOME SENIOR HOUSING

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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 $0

Program Service Revenue $329,353

Investment Income $3,205

Other Revenue $0

TOTAL REVENUE $332,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $268,439

Other Expenses $271,016

TOTAL EXPENSES $271,016

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,558	$290,238	+0.1%
Expenses	$271,016	$307,509	-0.1%
Net Income	$61,542	$-17,271	-4.6%

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
EUGENE COURSEY	DIRECTOR	1.00	Director	$0	$0	$0
ESTHER HARVEY	SECRETARY	1.00	Officer Director	$0	$0	$0
RHONDA SLAUENWHIATE	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	$332,558	$271,016	$486,624	$61,542
2022	$290,238	$307,509	$453,782	$-17,271
2021	$256,666	$252,621	$492,631	$4,045
2020	$251,017	$237,412	$505,724	$13,605
2019	$237,905	$238,803	$512,479	$-898
2018	$238,763	$247,287	$535,479	$-8,524

ISLAND FALLS HOUSING CORPORATION