DRACHMA HOUSING INC (EIN 020638493) - 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

2001

Legal Domicile

Principal Officer

DAN SAWISLAK

Phone

5108414410

Tax Period

2023-07-01 to 2024-06-30

DRACHMA HOUSING INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $329K in total revenue in fiscal year 2023. Expenses of $492K exceeded revenue, resulting in a 50% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME PEOPLE.

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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 $280,396

Program Service Revenue $77,408

Investment Income $-28,687

Other Revenue $0

TOTAL REVENUE $329,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,684

Fundraising Expenses $0

Program Expenses $476,717

Other Expenses $444,449

TOTAL EXPENSES $492,133

Year-over-Year Comparison

	2023	2022	Change
Revenue	$329,117	$344,278	0.0%
Expenses	$492,133	$648,039	-0.2%
Net Income	$-163,016	$-303,761	-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

N/A

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

$488,324

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTISE HARDY	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
DAVID TOM	DIRECTOR	0.10	Director	$0	$0	$0
DIANNA GARRETT	DIRECTOR-LEFT ON 2.22.24	0.10	Director	$0	$0	$0
DICK SHAPIRO	DIRECTOR	0.10	Director	$0	$0	$0
JANET KENNEDY	PRESIDENT	0.10	Officer Director	$0	$0	$0
KATTYE GILES	SECRETARY	0.10	Officer Director	$0	$0	$0
MARIAN WOLFE	DIRECTOR	0.10	Director	$0	$0	$0
SUSAN SHELTON	DIRECTOR-LEFT ON 7.6.23	0.10	Director	$0	$0	$0
WILLIE PHILLIPS	DIRECTOR	0.10	Director	$0	$0	$0
PHIL PALMER	TREASURER	0.10	Officer Director	$0	$0	$0
COURTNEY JONES	DIRECTOR LEFT ON 10.28.23	0.10	Director	$0	$0	$0
WILLIAM GOODWIN	DIRECTOR	0.10	Director	$0	$0	$0
DAN SAWISLAK	CEO	0.10	Officer	$0	$55,612	$280,631
ERIC KNECHT	CFO	0.10	Officer	$0	$42,553	$207,693

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	No data	No data	No data	No data
2024	$329,117	$492,133	$3,218,188	$-163,016
2023	$344,278	$648,039	$3,323,360	$-303,761
2022	$388,381	$507,952	$3,496,984	$-119,571
2021	$357,795	$502,432	$3,547,240	$-144,637
2020	$365,631	$483,979	$3,616,829	$-118,348
2019	$315,712	$482,797	$3,617,690	$-167,085
2018	$281,879	$467,982	$3,677,229	$-186,103

DRACHMA HOUSING INC