FORT WORTH AFFORDABILITY INC (EIN 201681285) - 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

2004

Legal Domicile

Principal Officer

MARY-MARGARET LEMONS

Phone

8178778850

Tax Period

2024-01-01 to 2024-12-31

FORT WORTH AFFORDABILITY INC, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 99% operating margin.

Mission

PROMOTING COMMUNITY WELFARE BY PROVIDING AFFORDABLE HOUSING IN FORT WORTH AND TARRANT COUNTY.

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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 $1,024,040

Investment Income $283,660

Other Revenue $0

TOTAL REVENUE $1,307,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $18,217

TOTAL EXPENSES $18,217

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,307,700	$914,499	+0.4%
Expenses	$18,217	$85	+213.3%
Net Income	$1,289,483	$914,414	+0.4%

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

$725,856

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI ATTAWAY	CHAIRPERSON	0.50	Director	$0	$0	$0
RICHARD STINSON	COMMISSIONER	0.50	Director	$0	$0	$0
MICHAEL RAMIREZ	COMMISSIONER	0.50	Director	$0	$0	$0
BRITTANY HALL	COMMISSIONER	0.50	Director	$0	$0	$0
CARLOS WALKER	COMMISSIONER	0.50	Director	$0	$0	$0
MARY-MARGARET LEMONS	PRESIDENT	0.50	Officer	$0	$66,776	$467,097
HECTOR ORDONEZ	VICE PRESIDENT OF FINANCE & ADMIN	0.50	Officer	$0	$31,144	$258,759

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	$1,307,700	$18,217	$25,705,159	$1,289,483
2023	$914,499	$85	$26,805,034	$914,414
2022	$476,671	$295,221	$22,842,181	$181,450
2021	$2,300,455	$129,499	$21,071,608	$2,170,956
2020	$317,527	$18,443	$20,382,235	$299,084
2019	$1,777,024	$18,829	$16,193,311	$1,758,195
2018	$5,694,516	$10,740	$23,473,819	$5,683,776

FORT WORTH AFFORDABILITY INC