HV NONPROFIT INC C/O EVERNORTH LOAN FUND INC (EIN 030372157) - 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

2006

Legal Domicile

Principal Officer

RICH GROGAN

Phone

8028638424

Tax Period

2024-01-01 to 2024-12-31

HV NONPROFIT INC C/O EVERNORTH LOAN FUND INC, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $44K in total revenue in fiscal year 2024. Revenue surged 423% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 98% operating margin.

Mission

TO DEVELOP, SUPPORT, OWN AND MANAGE SUBSIDIZED LOW-INCOME HOUSING AND RELATED FACILITIES.

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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 $0

Program Service Revenue $0

Investment Income $41,000

Other Revenue $3,078

TOTAL REVENUE $44,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $800

Other Expenses $800

TOTAL EXPENSES $800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,078	$8,434	+4.2%
Expenses	$800	$3,444	-0.8%
Net Income	$43,278	$4,990	+7.7%

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
WINSTON HART	DIRECTOR	5.00	Director	$0	$0	$0
CHARLES BAKER	DIRECTOR	5.00	Director	$0	$0	$0
NANCY OWENS	DIRECTOR	5.00	Director	$0	$0	$0
ERIC SCHMITT	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
2024	$44,078	$800	$306,869	$43,278
2023	$8,434	$3,444	$299,538	$4,990
2022	$9,583	$5,596	$324,050	$3,987
2021	$7,787	$14,359	$320,062	$-6,572
2020	$142,364	$18,185	$326,634	$124,179
2019	$235,922	$296,666	$872,489	$-60,744
2018	$435,774	$408,818	$891,089	$26,956

HV NONPROFIT INC C/O EVERNORTH LOAN FUND INC