MYSTIC RIVER HOMES INC

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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

1967

Legal Domicile

Principal Officer

EMELINE MISSY EVANS

Phone

2032486809

Tax Period

2024-07-01 to 2025-06-30

MYSTIC RIVER HOMES INC, founded in 1967, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

TO PROVIDE LOW INCOME HOUSING AND CONGREGATE SERVICES TO THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $501,027 Revenue: $482,176

OPERATION OF 46 APARTMENT UNITS FOR LOW INCOME ELDERLY HOUSING WITH ASSISTANCE FROM UNITED STATES DEPARTMENT OF AGRICULTURE - RURAL DEVELOPMENT

Program 2

Expenses: $1,237,442 Revenue: $1,257,105

OPERATION OF 50 APARTMENT UNITS FOR LOW INCOME ELDERLY HOUSING WITH CONGREGATE SERVICES AND ASSISTANCE FROM THE STATE OF CONNECTICUT DEPARTMENT OF ECONMOIC AND COMMUNITY DEVEOLPMENT.

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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 $716,164

Program Service Revenue $1,116,195

Investment Income $5,971

Other Revenue $0

TOTAL REVENUE $1,838,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $872

Program Expenses $1,738,469

Other Expenses $1,997,379

TOTAL EXPENSES $1,997,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,838,330	$2,110,502	-0.1%
Expenses	$1,997,379	$1,947,703	+0.0%
Net Income	$-159,049	$162,799	-2.0%

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
BONNIE BATTISTON	DIRECTOR	2.00	Director	$0	$0	$0
MARK ENTWHISTLE	DIRECTOR	2.00	Director	$0	$0	$0
EMELINE MISSY EVANS	PRESIDENT/CO	2.00	Officer Director	$0	$0	$0
ELIZABETH SUE MORTON	DIRECTOR	2.00	Director	$0	$0	$0
JOSHUA PENFIELD	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT A PIA	DIRECTOR	2.00	Director	$0	$0	$0
JAMES W RYMASH	DIRECTOR	2.00	Director	$0	$0	$0
CAROL SPUNAR	SECRETARY	2.00	Officer Director	$0	$0	$0
BRENDA THIBEAULT	CO-TREASURER	2.00	Officer Director	$0	$0	$0
NORTON WHEELER	DIRECTOR	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	$1,838,330	$1,997,379	$5,056,123	$-159,049
2024	No data	No data	No data	No data
2023	$1,682,941	$1,814,724	$5,556,259	$-131,783
2022	$1,443,847	$1,725,722	$5,308,070	$-281,875
2021	$1,926,441	$1,631,271	$5,667,452	$295,170
2020	$1,468,164	$1,638,002	$5,256,251	$-169,838
2019	$1,372,627	$1,534,002	$5,481,310	$-161,375