ISLAND HOUSING TRUST CORPORATION (EIN 020549245) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

PHILIPPE JORDI

Phone

5086931117

Tax Period

2024-01-01 to 2024-12-31

ISLAND HOUSING TRUST CORPORATION, founded in 2002, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.1M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 49% operating margin.

Mission

TO OWN AND LEASE LAND FOR THE PURPOSE OF DEVELOPING, BUILDING AND MAINTAINING AFFORDABLE HOUSING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,340,544

Program Service Revenue $1,423,584

Investment Income $135,369

Other Revenue $172,465

TOTAL REVENUE $10,071,962

Expense Breakdown

Grants Paid $400,000

Salaries & Benefits $1,436,317

Fundraising Expenses $360,816

Program Expenses $4,016,858

Other Expenses $3,161,174

TOTAL EXPENSES $5,121,979

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,071,962	$5,790,854	+0.7%
Expenses	$5,121,979	$4,383,899	+0.2%
Net Income	$4,949,983	$1,406,955	+2.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$201,243

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA CRAVEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN SCHAEFER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DOUG RUSKIN	CLERK (UNTIL 3/24)	1.00	Officer Director	$0	$0	$0
JAMES HANRAHAN	DIRECTOR/CLERK (AS OF 3/24)	2.00	Officer Director	$0	$0	$0
NORMAN WERTHWEIN	TREASURER	2.00	Officer Director	$0	$0	$0
BOB EGERTON	VICE TREASURER	2.00	Officer Director	$0	$0	$0
BARBARA BELLISSIMO	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
DELOS LANDER	DIRECTOR	1.00	Director	$0	$0	$0
JANE HAWKES	DIRECTOR	1.00	Director	$0	$0	$0
JASON MAZAR-KELLY	DIRECTOR	1.00	Director	$0	$0	$0
KAREN TEWHEY	DIRECTOR	1.00	Director	$0	$0	$0
LISA BERKOWER	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA HAESELBARTH	DIRECTOR	1.00	Director	$0	$0	$0
WENDY WOLF	DIRECTOR (UNTIL 3/24)	1.00	Director	$0	$0	$0
PHILIPPE JORDI	EXECUTIVE DIRECTOR	40.00	Officer	$168,203	$33,040	$201,243
TERESE BERNERT	DIRECTOR OF REAL ESTATE	40.00	Highest	$123,528	$9,931	$133,459
KEITH MCGUIRE	PROJECT DEVELOPMENT DIRECTOR	40.00	Highest	$120,703	$24,136	$144,839
ELLEN BISKIS	CONTROLLER	40.00	Highest	$117,650	$32,229	$149,879
BREEZE TONNESEN	COO & COMMUNICATIONS DIRECTOR	37.50	Highest	$116,782	$14,201	$130,983

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	$10,071,962	$5,121,979	$46,644,818	$4,949,983
2023	$5,790,854	$4,383,899	$39,963,181	$1,406,955
2022	$5,890,388	$3,058,527	$36,550,950	$2,831,861
2021	$5,778,836	$2,738,182	$30,027,553	$3,040,654
2020	$4,899,334	$2,217,411	$24,395,346	$2,681,923
2019	$2,688,318	$1,427,866	$22,272,461	$1,260,452
2018	$2,633,220	$1,266,996	$19,481,491	$1,366,224

ISLAND HOUSING TRUST CORPORATION