SPRUCE LANDING HOUSING CORPORATION (EIN 030433925) - 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

2002

Legal Domicile

Principal Officer

JANICE STOREY

Phone

8168414898

Tax Period

2024-07-01 to 2025-06-30

SPRUCE LANDING HOUSING CORPORATION, founded in 2002, is a small nonprofit in the Mental Health sector that reported $173K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $203K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE HOUSING FOR DEVELOPMENTALLY DISABLED 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $190

Other Revenue $173,018

TOTAL REVENUE $173,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,645

Fundraising Expenses $0

Program Expenses $150,621

Other Expenses $169,615

TOTAL EXPENSES $203,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$173,208	$155,881	+0.1%
Expenses	$203,260	$206,810	0.0%
Net Income	$-30,052	$-50,929	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANICE STOREY	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
TALINA NELSON	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
LAUREN QUINT	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM PETRIZZO	BOARD MEMBER	2.00	Director	$0	$0	$0
CARL ANDERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBYN HUDSON	BOARD MEMBER	2.00	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	$173,208	$203,260	$962,032	$-30,052
2024	$155,881	$206,810	$995,064	$-50,929
2023	$160,037	$196,153	$1,045,355	$-36,116
2022	$149,515	$193,739	$1,078,488	$-44,224
2021	$164,469	$176,222	$1,118,419	$-11,753
2020	$163,670	$178,999	$1,130,956	$-15,329
2019	$142,538	$154,841	$1,151,407	$-12,303
2018	$118,629	$157,049	$1,169,499	$-38,420

SPRUCE LANDING HOUSING CORPORATION