CLOVERNOOK HOUSING NETWORK

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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

2006

Legal Domicile

Principal Officer

JAMES STEFFEY

Phone

5136192948

Tax Period

2024-01-01 to 2024-12-31

CLOVERNOOK HOUSING NETWORK, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $49K in total revenue in fiscal year 2024. Expenses of $72K exceeded revenue, resulting in a 48% operating deficit.

Mission

TO PROVIDE HOUSING TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES WHO FINANCIALLY QUALIFY UNDER HUD FINANCIAL GUIDELINES.

Program Service Accomplishments

Program 1

Expenses: $53,929 Revenue: $48,405

THE ORGANIZATION ENTERS INTO RENTAL AGREEMENTS WITH INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES WHO FINANCIALLY QUALIFY UNDER HUD GUIDELINES.

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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 $48,405

Investment Income $165

Other Revenue $0

TOTAL REVENUE $48,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,498

Fundraising Expenses $0

Program Expenses $53,929

Other Expenses $70,563

TOTAL EXPENSES $72,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,570	$46,867	+0.0%
Expenses	$72,061	$70,656	+0.0%
Net Income	$-23,491	$-23,789	0.0%

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

$260,888

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN PAHNER	CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT NEKOLNY	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MATT SPINELLI	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS BOHN	TREASURER	1.00	Officer Director	$0	$0	$0
ALEN AMINI	TRUSTEE	1.00	Director	$0	$0	$0
AMY AUBERGER	TRUSTEE	1.00	Director	$0	$0	$0
RAYSHAWN EASTMAN	TRUSTEE	1.00	Director	$0	$0	$0
BRYNEKA FRIEMOTH	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA HEMSINK	TRUSTEE	1.00	Director	$0	$0	$0
TRACY HEMSINK	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL KELLEY	TRUSTEE	1.00	Director	$0	$0	$0
MANDY MOORMAN	TRUSTEE	1.00	Director	$0	$0	$0
LA DONNA MORALES	TRUSTEE	1.00	Director	$0	$0	$0
ANN STOWE	TRUSTEE	1.00	Director	$0	$0	$0
STEVE ZITELLI	TRUSTEE	1.00	Director	$0	$0	$0
JAMES STEFFEY	CEO	1.00	Officer	$0	$14,293	$153,152
KEITH LUKEN	CFO	1.00	Officer	$0	$8,829	$107,736

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	$48,570	$72,061	$626,575	$-23,491
2023	$46,867	$70,656	$637,532	$-23,789
2022	$42,436	$63,335	$656,851	$-20,899
2021	$42,490	$73,598	$675,278	$-31,108
2020	$42,214	$61,607	$703,383	$-19,393
2019	$42,344	$53,086	$719,752	$-10,742
2018	$42,157	$61,312	$733,637	$-19,155