CORTLAND HOUSING ASSISTANCE COUNCIL

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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

1978

Legal Domicile

Phone

6077538271

Tax Period

2024-07-01 to 2025-06-30

CORTLAND HOUSING ASSISTANCE COUNCIL, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $545K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 20% operating margin.

Mission

To secure housing at low and moderate cost for the economically disadvantaged Citizens of Cortland County, New York

Program Service Accomplishments

Program 1

Expenses: $188,358 Revenue: $146,328

To provide housing rehabilitation and other housing related services to low income residents of Cortland County

Program 2

Expenses: $161,125 Revenue: $117,504

To purchase and restore residential units for rental to low income families at reduced rates

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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 $268,429

Program Service Revenue $263,832

Investment Income $2

Other Revenue $12,266

TOTAL REVENUE $544,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,312

Fundraising Expenses $0

Program Expenses $349,483

Other Expenses $203,304

TOTAL EXPENSES $433,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$544,529	$371,424	+0.5%
Expenses	$433,616	$362,790	+0.2%
Net Income	$110,913	$8,634	+11.8%

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

$53,848

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shawna Grinnell	Executive Dir.	40.00	Officer	$53,848	$0	$53,848
CARRIE KNIGHT	MEMBER	1.00	Director	$0	$0	$0
DJ VanGorder	Vice President	1.00	Officer Director	$0	$0	$0
AMBER GIAMEI	Member	1.00	Director	$0	$0	$0
Paul Slowey	Secretary	1.00	Officer Director	$0	$0	$0
Steven Brown	Treasurer	1.00	Officer Director	$0	$0	$0
KRIS BUCHAN	MEMBER	1.00	Director	$0	$0	$0
MACHELL PHELPS	Member	1.00	Director	$0	$0	$0
Jerry Hartnett	President	1.00	Officer Director	$0	$0	$0
GARRY VANGORDER	Member	1.00	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	$544,529	$433,616	$867,470	$110,913
2024	$371,424	$362,790	$759,293	$8,634
2023	$536,127	$458,438	$774,452	$77,689
2022	$537,773	$559,764	$737,553	$-21,991
2021	$651,357	$533,516	$739,340	$117,841
2020	$704,404	$561,859	$769,617	$142,545
2019	$633,160	$600,168	$571,710	$32,992
2018	$602,472	$629,848	$617,328	$-27,376