NORWICH HOUSING CORPORATION (EIN 030269694) - 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

2000

Legal Domicile

Principal Officer

CREIGH MOFFATT

Phone

8022957961

Tax Period

2024-07-01 to 2025-06-30

NORWICH HOUSING CORPORATION, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $521K in total revenue in fiscal year 2024. Net assets of $1.3M represent 30 months of operating reserves.

Mission

LOW INCOME HOUSING FOR THE ELDERLY.

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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 $403,485

Program Service Revenue $117,126

Investment Income $598

Other Revenue $0

TOTAL REVENUE $521,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $540,680

Other Expenses $540,680

TOTAL EXPENSES $540,680

Year-over-Year Comparison

	2024	2023	Change
Revenue	$521,209	$546,593	0.0%
Expenses	$540,680	$469,864	+0.2%
Net Income	$-19,471	$76,729	-1.3%

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
CREIGH MOFFATT	PRESIDENT	5.00	Officer Director	$0	$0	$0
PENNY MCCONNEL	DIRECTOR	5.00	Director	$0	$0	$0
EMILY MYERS	DIRECTOR	5.00	Director	$0	$0	$0
DAN FRASER	SECTRETARY	5.00	Director	$0	$0	$0
NICOLASS BEKKER	TREASURER	5.00	Director	$0	$0	$0
SUE BRINK	DIRECTOR	5.00	Director	$0	$0	$0
ANDREW WINTER	DIRECTOR	5.00	Director	$0	$0	$0
ONITA CONNINGTON	DIRECTOR	5.00	Director	$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	$521,209	$540,680	$1,593,408	$-19,471
2024	$546,593	$469,864	$1,673,231	$76,729
2023	$522,926	$508,768	$1,655,944	$14,158
2022	$511,776	$533,368	$1,706,543	$-21,592
2021	$504,588	$417,837	$1,789,616	$86,751
2020	$491,012	$430,097	$1,744,091	$60,915
2019	$486,882	$448,011	$1,728,609	$38,871

NORWICH HOUSING CORPORATION