HOUSING TRUST OF RUTLAND COUNTY INC (EIN 030280726) - 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

1980

Legal Domicile

Principal Officer

MARY COHEN

Phone

8027753139

Tax Period

2023-01-01 to 2023-12-31

HOUSING TRUST OF RUTLAND COUNTY INC, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Expenses of $2.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO ASSIST LOWER INCOME PEOPLE BY PROVIDING AND PRESERVING AFFORDABLE ACCESS TO SAFE, DECENT, AND ATTRACTIVE HOUSING. ITS MISSION IS ACCOMPLISHED PRIMARILY BY SOLICITING GRANTS AND LOW INTEREST LOANS FROM RESOURCE PROVIDERS SERVING VERMONT. THESE GRANTS AND LOW INTEREST LOANS EITHER MINIMIZE OR ELIMINATE DEBT SERVICE ASSOCIATED WITH SUBJECT PROPERTIES THEREBY REDUCING OPERATING COSTS OF HOUSING FOR LOWER INCOME FAMILIES AND INDIVIDUALS.

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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 $495,467

Program Service Revenue $1,623,513

Investment Income $1,199

Other Revenue $0

TOTAL REVENUE $2,120,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,326,627

Fundraising Expenses $121,410

Program Expenses $2,270,625

Other Expenses $1,254,992

TOTAL EXPENSES $2,581,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,120,179	$2,048,290	+0.0%
Expenses	$2,581,619	$2,365,555	+0.1%
Net Income	$-461,440	$-317,265	+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

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

$328,058

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN BARTLETT	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL HOOKER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN OLIVIERO	DIRECTOR	1.00	Director	$0	$0	$0
NORM LASH	DIRECTOR	1.00	Director	$0	$0	$0
ROGER LOUISELLE	DIRECTOR	1.00	Director	$0	$0	$0
DONNALEEN FARWELL	CO-SECRETARY	1.00	Director	$0	$0	$0
JAKE PLUTA	DIRECTOR	1.00	Director	$0	$0	$0
STEPHAN TORRES	DIRECTOR	1.00	Director	$0	$0	$0
BILL GROSS	CO-PRESIDENT	1.00	Director	$0	$0	$0
KERI FRANZONI	CO-VICE PRESIDENT	1.00	Director	$0	$0	$0
DYLAN WATTS	CO-TREASURER	1.00	Director	$0	$0	$0
JENNIFER YAKUNOVICH	CO-PRESIDENT	1.00	Director	$0	$0	$0
CATHY REYNOLDS	CO-VICE PRESIDENT	1.00	Director	$0	$0	$0
MELINDA HUMPHREY	CO-TREASURER	1.00	Director	$0	$0	$0
GABE GLADDING	CO-SECRETARY	1.00	Director	$0	$0	$0
WILLIAM ACKERMAN	DIRECTOR OF PROPERTY AND ASSET MANAGEMENT	40.00	Officer	$77,532	$0	$77,532
MARY COHEN	EXECUTIVE DIRECTOR	40.00	Officer	$105,252	$0	$105,252
NIKITTA CAVENY	PROPERTY MANAGER	40.00	Officer	$59,185	$0	$59,185
ERIKA LAMB	DIRECTOR OF FINANCE	40.00	Officer	$86,089	$0	$86,089

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	No data	No data	No data	No data
2023	$2,120,179	$2,581,619	$13,499,781	$-461,440
2022	$2,048,290	$2,365,555	$13,052,909	$-317,265
2021	$3,652,583	$2,158,499	$13,191,475	$1,494,084
2020	$3,425,880	$1,987,001	$12,207,540	$1,438,879
2019	$3,035,705	$2,447,272	$9,089,167	$588,433
2018	$2,216,326	$1,851,258	$8,582,588	$365,068

HOUSING TRUST OF RUTLAND COUNTY INC