GRAFTON HOUSING ASSOCIATES INC (EIN 042749462) - 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

1979

Legal Domicile

Principal Officer

JUSTIN PHILLIPS

Phone

5088395605

Tax Period

2023-08-01 to 2024-07-31

GRAFTON HOUSING ASSOCIATES INC, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $428K, a strong 39% operating margin.

Mission

TO OWN AND OPERATE 48 UNITS OF MULTI-FAMILY HOUSING LOCATED IN GRAFTON, MASSACHUSETTS.

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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 $720,401

Program Service Revenue $311,585

Investment Income $48,915

Other Revenue $7,445

TOTAL REVENUE $1,088,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $615,635

Other Expenses $660,447

TOTAL EXPENSES $660,447

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,088,346	$1,010,469	+0.1%
Expenses	$660,447	$632,963	+0.0%
Net Income	$427,899	$377,506	+0.1%

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

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
JUSTIN PHILLIPS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN MARTIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GREGORY PHILLIPS	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN BREIDEGAM	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
KRYSTAL KENNY	CLERK	1.00	Officer 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	$1,088,346	$660,447	$2,252,633	$427,899
2023	$1,010,469	$632,963	$1,789,814	$377,506
2022	$992,349	$583,255	$976,619	$409,094
2021	$700,922	$599,045	$685,699	$101,877
2020	$676,003	$578,398	$694,291	$97,605
2019	$660,176	$600,253	$703,018	$59,923

GRAFTON HOUSING ASSOCIATES INC