LITCHFIELD HOUSING TRUST INC (EIN 061258114) - 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

1989

Legal Domicile

Principal Officer

RENEE MCGOVERN

Phone

8605678932

Tax Period

2021-01-01 to 2021-12-31

LITCHFIELD HOUSING TRUST INC, founded in 1989, is a small nonprofit that reported $357K in total revenue in fiscal year 2021. Revenue surged 416% from the prior year, signaling strong growth momentum. The organization ran a surplus of $169K, a strong 47% operating margin.

Mission

PROVIDE HOUSING FOR INDIVIDUALS OF MODEST MEANS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $235,087

Program Service Revenue $66,547

Investment Income $55,363

Other Revenue $0

TOTAL REVENUE $356,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,314

Fundraising Expenses $0

Program Expenses $150,958

Other Expenses $106,657

TOTAL EXPENSES $187,971

Year-over-Year Comparison

	2021	2020	Change
Revenue	$356,997	$69,182	+4.2%
Expenses	$187,971	$136,096	+0.4%
Net Income	$169,026	$-66,914	-3.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
F ROBERT PETRICONE	TRUSTEE	001.00	Director	$0	$0	$0
JOYCE BRIGGS	TRUSTEE	001.00	Director	$0	$0	$0
BARBARA BENTLEY BROWER	TRUSTEE	001.00	Director	$0	$0	$0
JOHN BAKER	TRUSTEE	001.00	Director	$0	$0	$0
BILL MULLEE	TRUSTEE	001.00	Director	$0	$0	$0
CLEVELAND FUSSENICH	TRUSTEE	001.00	Director	$0	$0	$0
STACIE KAYLE	VP	003.00	Officer Director	$0	$0	$0
TIM BRESLIN	TRUSTEE	001.00	Director	$0	$0	$0
MILES BORZILLERI	TREASURER	003.00	Officer Director	$0	$0	$0
PETER GAY	TRUSTEE	001.00	Director	$0	$0	$0
MARK MURPHY	TRUSTEE	001.00	Director	$0	$0	$0
JEFF ZULLO	PRESIDENT	001.00	Director	$0	$0	$0
SARA MUSSELMAN	SECRETARY	003.00	Officer Director	$0	$0	$0
KELLI GREEN	TRUSTEE	001.00	Director	$0	$0	$0
ROSEMARIE GRECO	TRUSTEE	001.00	Director	$0	$0	$0
GARY WAUGH	TRUSTEE	001.00	Director	$0	$0	$0
KIM DANDREA	TRUSTEE	001.00	Director	$0	$0	$0
RENE MCGOVERN	PRESIDENT	003.00	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
2021	$356,997	$187,971	$4,167,467	$169,026
2020	$69,182	$136,096	$3,242,439	$-66,914
2019	$417,948	$120,803	$3,203,182	$297,145
2018	$115,755	$133,960	$2,710,403	$-18,205

LITCHFIELD HOUSING TRUST INC