HANCOCK COUNTY HOUSING ASSOCIATES (EIN 204707908) - 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

1997

Legal Domicile

Principal Officer

MICHAEL DREW

Phone

2172237904

Tax Period

2023-07-01 to 2024-06-30

HANCOCK COUNTY HOUSING ASSOCIATES, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $112K in total revenue in fiscal year 2023. Expenses of $140K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE MISSION OF HANCOCK COUNTY HOUSING ASSOCIATES IS TO CONSTRUCT, FINANCE, LEASE, OWN, AND OPERATE AN APARTMENT COMMUNITY KNOWN AS MARION CORNER APARTMENTS IN CARTHAGE, ILLINOIS. THIS IS FOR THE BENEFIT OF ELDERLY PERSONS WITH VERY LOW INCOME LEVELS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $109,321

Investment Income $1,588

Other Revenue $1,173

TOTAL REVENUE $112,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,531

Other Expenses $140,079

TOTAL EXPENSES $140,079

Year-over-Year Comparison

	2023	2022	Change
Revenue	$112,082	$107,693	+0.0%
Expenses	$140,079	$133,406	+0.1%
Net Income	$-27,997	$-25,713	+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
MICHAEL DREW	PRESIDENT	5.00	Officer Director	$0	$0	$0
VANESSA KEPPNER	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
JOHN DITTMER	DIRECTOR	0.50	Director	$0	$0	$0
JAMES NIGHTINGALE	DIRECTOR	0.50	Director	$0	$0	$0
LYNN NIEWOHNER	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$112,082	$140,079	$782,876	$-27,997
2023	$107,693	$133,406	$812,088	$-25,713
2022	$88,200	$133,202	$846,273	$-45,002
2021	$101,865	$122,632	$885,134	$-20,767
2020	$94,334	$140,668	$917,093	$-46,334
2019	$97,767	$125,875	$965,148	$-28,108

HANCOCK COUNTY HOUSING ASSOCIATES