THE HOUSE INC (EIN 202947568) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

HELEN MCCORMICK

Phone

7039095459

Tax Period

2024-01-01 to 2024-12-31

THE HOUSE INC, founded in 2005, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2019. Revenue decreased 11% compared to the prior year. Expenses of $2.0M left a modest 6% surplus.

Mission

The House, Inc.s out-of-school programs focus on pre-teens and teens to guide young people through high-school and on to college access, giving the next generation of leaders the tools they need to build the world they want to see.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,239,664

Program Service Revenue $635,274

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,874,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $725,759

Fundraising Expenses $15,603

Program Expenses $3,727,170

Other Expenses $3,160,230

TOTAL EXPENSES $3,885,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,874,938	$3,944,662	0.0%
Expenses	$3,885,989	$3,925,294	0.0%
Net Income	$-11,051	$19,368	-1.6%

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

150

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

$351,589

Total Directors

$351,589

Key Employees

$110,510

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN MCCORMICK	PRESIDENT	40.00	Officer Director Highest	$144,780	$23,605	$168,385
TODD MCCORMICK	EXECUTIVE DIRECTOR	40.00	Officer Director	$107,550	$22,300	$129,850
RON MCCORMICK	VICE PRESIDENT	40.00	Officer Director	$51,013	$2,341	$53,354
TAMELA DASHIEL	BOARD OF DIRECTORS	0.50	Director	$0	$0	$0
LAURA DAVIES	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
QUINTIN DURDEN	BOARD OF DIRECTORS	0.50	Director	$0	$0	$0
JESSICA STREUFERT	KEY EMPLOYEE	40.00	Key Emp	$106,900	$3,610	$110,510

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	$3,874,938	$3,885,989	$1,577,479	$-11,051
2023	$3,944,662	$3,925,294	$1,624,983	$19,368
2022	$4,321,889	$4,462,678	$1,641,047	$-140,789
2021	$4,341,712	$4,007,922	$1,787,552	$333,790
2020	$2,839,587	$2,647,192	$1,560,011	$192,395
2019	$2,087,116	$1,961,680	$1,131,368	$125,436

THE HOUSE INC