KEYHOLE TO OPPORTUNITY (EIN 203642502) - 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

JAMES E COVEY JR

Phone

6189975365

Tax Period

2024-07-01 to 2025-06-30

KEYHOLE TO OPPORTUNITY, founded in 2005, is a small nonprofit that reported $926K in total revenue in fiscal year 2024. Expenses of $894K left a modest 3% surplus.

Mission

TO ACQUIRE, CONSTRUCT, PROVIDE, AND OPERATE AFFORDABLE HOUSING AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF VERY LOW, LOW, AND MODERATE INCOME PEOPLE IN ACCORDANCE WITH THE FEDERAL FAIR HOUSING LAW

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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 $611,490

Program Service Revenue $287,508

Investment Income $27,326

Other Revenue $0

TOTAL REVENUE $926,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $867,188

Other Expenses $893,942

TOTAL EXPENSES $893,942

Year-over-Year Comparison

	2024	2023	Change
Revenue	$926,324	$886,759	+0.0%
Expenses	$893,942	$808,455	+0.1%
Net Income	$32,382	$78,304	-0.6%

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

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
JIM COVEY JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
CATHY ABELL	SECRETARY	5.00	Officer Director	$0	$0	$0
TAMMY NEWTON	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DEE RIGDON	TREASURER	1.00	Officer 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	$926,324	$893,942	$2,611,418	$32,382
2024	$886,759	$808,455	$2,618,248	$78,304
2023	$943,763	$822,489	$2,588,132	$121,274
2022	$840,315	$757,719	$2,507,706	$82,596
2021	$820,178	$737,034	$2,462,232	$83,144
2020	$784,593	$752,640	$2,423,901	$31,953
2019	$754,426	$697,772	$2,428,687	$56,654

KEYHOLE TO OPPORTUNITY