HOUSING INITIATIVES INC RUTLAND HOUSING AUTHORITY (EIN 201914244) - 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

Phone

8027752926

Tax Period

2024-04-01 to 2025-03-31

HOUSING INITIATIVES INC RUTLAND HOUSING AUTHORITY, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $128K in total revenue in fiscal year 2024. Expenses of $242K exceeded revenue, resulting in a 89% operating deficit.

Mission

To promote and provide for the development, rehabilitation and preservation of quality affordable housing in Rutland County for low to moderate income families, the elderly and persons with disabilities.

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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 $115,797

Investment Income $12,529

Other Revenue $0

TOTAL REVENUE $128,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $24,198

Program Expenses $145,174

Other Expenses $241,959

TOTAL EXPENSES $241,959

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,326	$122,033	+0.1%
Expenses	$241,959	$222,832	+0.1%
Net Income	$-113,633	$-100,799	+0.1%

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

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
BETSY FRANZONI	Director	1.00		$0	$0	$0
JESSICA LEBLANC	Director	1.00		$0	$0	$0
TERRANC J MORAN	Director	1.00		$0	$0	$0
KEVIN S MARKOWSKI	President	1.00	Officer	$0	$0	$0
ELIZABETH GLYNN	Vice President	1.00	Officer	$0	$0	$0
KEVIN LOSO	Secretary	1.00	Officer	$0	$0	$0
PAMELA DOUGLASS	Treasurer	1.00	Officer	$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	$128,326	$241,959	$3,602,707	$-113,633
2019	$185,485	$42,583	$538,897	$142,902

HOUSING INITIATIVES INC RUTLAND HOUSING AUTHORITY