Southwest Iowa Housing Trust Fund (EIN 020749992) - 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

2005

Legal Domicile

Principal Officer

John McCurdy

Phone

7122434196

Tax Period

2024-07-01 to 2025-06-30

Southwest Iowa Housing Trust Fund, founded in 2005, is a small nonprofit that reported $763K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $275K, a strong 36% operating margin.

Mission

PROVIDE SAFE, AFFORDABLE HOUSING AND EXPAND HOUSING OPPORTUNITIES IN THE SEVEN COUNTY REGION IT SERVES.

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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 $763,100

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $763,100

Expense Breakdown

Grants Paid $425,525

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $425,525

Other Expenses $62,467

TOTAL EXPENSES $487,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$763,100	$662,301	+0.2%
Expenses	$487,992	$639,528	-0.2%
Net Income	$275,108	$22,773	+11.1%

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
Renee Riedel	Chair	1.00	Officer Director	$0	$0	$0
Grace Garrett	Vice Chair	1.00	Officer Director	$0	$0	$0
Debbie Waterbury	Secretary-Treasurer	1.00	Officer Director	$0	$0	$0
Trent Svendsen	Member	1.00	Director	$0	$0	$0
Kelly Mahlberg	Member	1.00	Director	$0	$0	$0
Karen Schlueter	Member	1.00	Director	$0	$0	$0
Kristian Nielsen	Member	1.00	Director	$0	$0	$0
Jill Schaben	Member	1.00	Director	$0	$0	$0
John McCurdy	Program Administrator	1.00	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
2025	$763,100	$487,992	$586,315	$275,108
2024	$662,301	$639,528	$307,297	$22,773
2023	$356,907	$322,145	$284,524	$34,762
2022	$246,759	$206,096	$249,762	$40,663
2021	$193,745	$156,985	$217,024	$36,760
2020	$484,308	$531,218	$209,951	$-46,910
2019	$318,332	$377,626	$253,560	$-59,294
2018	$519,380	$568,763	$292,967	$-49,383

Southwest Iowa Housing Trust Fund