FREEPORT HOUSING TRUST INC (EIN 010449761) - 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

1989

Legal Domicile

Principal Officer

CHRIS RONEY

Phone

2078651652

Tax Period

2024-10-01 to 2025-09-30

FREEPORT HOUSING TRUST INC, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $760K, a strong 38% operating margin.

Mission

PROVIDE LOW-INCOME 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,870,474

Investment Income $154,514

Other Revenue $0

TOTAL REVENUE $2,024,988

Expense Breakdown

Grants Paid $16,500

Salaries & Benefits $93,003

Fundraising Expenses $0

Program Expenses $1,165,997

Other Expenses $1,155,021

TOTAL EXPENSES $1,264,524

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,024,988	$1,939,407	+0.0%
Expenses	$1,264,524	$1,316,967	0.0%
Net Income	$760,464	$622,440	+0.2%

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

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

$64,611

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS RONEY	PRESIDENT	3.00	Officer Director	$0	$0	$0
BRIDGET DORNBACH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
THOMAS WHELAN	TREASURER	2.00	Officer Director	$0	$0	$0
THOMAS H KELLEY	SECRETARY & CLERK	2.00	Officer Director	$0	$0	$0
DR JEFFREY STENZEL	DIRECTOR	2.00	Director	$0	$0	$0
AMY CARTMELL	DIRECTOR	1.00	Director	$0	$0	$0
DREW WING	DIRECTOR	1.00	Director	$0	$0	$0
MARY ATALA LESSARD	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE NORTON	ASSISTANT VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH CARLTON	DIRECTOR	1.00	Director	$0	$0	$0
LINCOLN JEFFERS	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA BELANGER	DIRECTOR	1.00	Director	$0	$0	$0
MATT PETERS	EXECUTIVE DIRECTOR	30.00	Officer	$64,611	$0	$64,611

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	$2,024,988	$1,264,524	$10,417,290	$760,464
2024	$1,939,407	$1,316,967	$9,722,336	$622,440
2023	$1,434,260	$1,223,552	$8,521,439	$210,708
2022	$1,893,366	$1,132,954	$8,269,545	$760,412
2021	$1,298,365	$984,880	$7,838,469	$313,485
2020	$696,559	$626,652	$4,631,811	$69,907
2019	$765,636	$594,358	$4,467,763	$171,278
2018	$698,853	$594,636	$4,214,082	$104,217

FREEPORT HOUSING TRUST INC