METACOMET HOMES INC (EIN 060868307) - 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

1971

Legal Domicile

Principal Officer

JAMES HAYDEN

Phone

8606535123

Tax Period

2024-01-01 to 2024-12-31

METACOMET HOMES INC, founded in 1971, is a small nonprofit in the Housing & Shelter sector that reported $749K in total revenue in fiscal year 2024. Expenses of $711K left a modest 5% surplus.

Mission

TO PROVIDE HOUSING TO MODERATE AND LOW INCOME ELDERLY HOUSEHOLDS.

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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 $194,466

Program Service Revenue $548,017

Investment Income $6,280

Other Revenue $0

TOTAL REVENUE $748,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,435

Fundraising Expenses $0

Program Expenses $482,387

Other Expenses $581,555

TOTAL EXPENSES $710,990

Year-over-Year Comparison

	2024	2023	Change
Revenue	$748,763	$722,347	+0.0%
Expenses	$710,990	$727,280	0.0%
Net Income	$37,773	$-4,933	-8.7%

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

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
MARY ELLEN BROWN	DIRECTOR	2.00	Director	$0	$0	$0
JOAN FROSCIO	DIRECTOR	2.00	Director	$0	$0	$0
CLIFFORD GIBSON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JANICE GIBSON	DIRECTOR	2.00	Director	$0	$0	$0
JAMES HAYDEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JILL MCGARRY	SECRETARY	2.00	Officer Director	$0	$0	$0
WILLIAM MCGARRY	TREASURER	2.00	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	$748,763	$710,990	$799,925	$37,773
2023	$722,347	$727,280	$852,596	$-4,933
2022	$660,077	$692,131	$960,317	$-32,054
2021	$628,783	$660,353	$1,097,500	$-31,570
2020	$737,098	$614,385	$1,280,050	$122,713
2019	$616,075	$635,160	$1,157,462	$-19,085
2018	$603,931	$650,539	$1,249,686	$-46,608

METACOMET HOMES INC