COMMUNITY HOUSING DEVELOPMENT CORPORATION OF CENTRAL KANSAS (EIN 202934188) - 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

2005

Legal Domicile

Principal Officer

LANCE H COCHRAN

Phone

7858336868

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY HOUSING DEVELOPMENT CORPORATION OF CENTRAL KANSAS, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $716K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $156K, a strong 22% operating margin.

Mission

TO PROVIDE QUALITY HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PERSONS BY DEVELOPING, PROMOTING, AND FACILITATING ACCESS TO AFFORDABLE HOUSING.

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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 $148,283

Program Service Revenue $493,930

Investment Income $1,222

Other Revenue $72,570

TOTAL REVENUE $716,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,570

Fundraising Expenses $0

Program Expenses $528,138

Other Expenses $462,350

TOTAL EXPENSES $559,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$716,005	$954,166	-0.2%
Expenses	$559,920	$934,952	-0.4%
Net Income	$156,085	$19,214	+7.1%

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

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
LANCE H COCHRAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
GARY HOBBIE	BOARD MEMBER	4.00	Director	$0	$0	$0
DAHX MARRS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY SCHWARTZFAGER	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY TRIGG	BOARD 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
2024	$716,005	$559,920	$3,159,215	$156,085
2023	$954,166	$934,952	$3,092,523	$19,214
2022	$134,283	$228,675	$3,159,981	$-94,392
2021	$90,093	$17,656	$272,392	$72,437
2019	$212,130	$9,368	$203,408	$202,762

COMMUNITY HOUSING DEVELOPMENT CORPORATION OF CENTRAL KANSAS