NAUTICAL AFFORDABLE HOUSING INC (EIN 043674725) - 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

JAMES G BALL

Phone

4098867526

Tax Period

2024-06-01 to 2025-05-31

NAUTICAL AFFORDABLE HOUSING INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $211K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $78K, a strong 37% operating margin.

Mission

PROMOTE THE HEALTH, SAFETY AND WELFARE OF VERY LOW, LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS RESIDING IN EAST TEXAS. THE ORGANIZATION IS COMMITTED TO PROVIDING HIGH-QUALITY AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES.

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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 $58,770

Other Revenue $152,645

TOTAL REVENUE $211,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,236

Other Expenses $133,236

TOTAL EXPENSES $133,236

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,415	$306,354	-0.3%
Expenses	$133,236	$443,897	-0.7%
Net Income	$78,179	$-137,543	-1.6%

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

$37,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD BALL	EXECUTIVE DI	30.00		$72,600	$0	$72,600
JAMES G BALL	EXECUTIVE DI	30.00	Director	$37,500	$0	$37,500
BETTY BALL	SECRETARY	N/A	Director	$0	$0	$0
KAREN BOREL	VICE PRESIDE	N/A	Director	$0	$0	$0
BILLY JOE SMITH	PRESIDENT	N/A	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	$211,415	$133,236	$29,722,849	$78,179
2024	$306,354	$443,897	$28,891,334	$-137,543
2023	$294,354	$729,140	$29,015,526	$-434,786
2022	$6,487,747	$109,361	$29,437,858	$6,378,386
2021	$200,148	$583,601	$22,863,361	$-383,453
2020	$1,237,632	$478,467	$23,651,559	$759,165
2019	$294,841	$581,942	$22,171,272	$-287,101

NAUTICAL AFFORDABLE HOUSING INC