BETTER HOUSING FOR TOMPKINS COUNTY INC (EIN 222378089) - 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

1981

Legal Domicile

Principal Officer

JEREMY THOMAS

Phone

6072774500

Tax Period

2024-01-01 to 2024-12-31

BETTER HOUSING FOR TOMPKINS COUNTY INC, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $3.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

DEDICATED TO EXPANDING HOUSING OPPORTUNITIES FOR LOW AND MODERATE-INCOME RESIDENTS OF CAYUGA, CHEMUNG, CORTLAND, SCHUYLER, SENECA, TIOGA, AND TOMPKINS COUNTIES. IT SEEKS TO FOSTER COMMUNITIES THAT EMBRACE DIVERSITY, EQUITY, AND SUSTAINABILITY IN WAYS THAT PRODUCE LASTING OUTCOMES.

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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 $543,123

Program Service Revenue $2,211,793

Investment Income $601,635

Other Revenue $0

TOTAL REVENUE $3,356,551

Expense Breakdown

Grants Paid $370,683

Salaries & Benefits $1,601,609

Fundraising Expenses $0

Program Expenses $2,564,220

Other Expenses $1,723,921

TOTAL EXPENSES $3,696,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,356,551	$2,409,142	+0.4%
Expenses	$3,696,213	$2,332,880	+0.6%
Net Income	$-339,662	$76,262	-5.5%

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

$188,834

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CANNON	TRUSTEE (PART YEAR)	0.12	Director	$0	$0	$0
NICOLE CARRIER-TITTI	TRUSTEE	0.13	Director	$0	$0	$0
JULEE JOHNSON	TREASURER	0.13	Officer Director	$0	$0	$0
SHARON D MALONE	SECRETARY	0.13	Officer Director	$0	$0	$0
H MATTHYS VAN CORT	TRUSTEE	0.13	Director	$0	$0	$0
BRENDAN WILBUR	TRUSTEE	0.13	Director	$0	$0	$0
LACEY LENT	TRUSTEE	0.13	Director	$0	$0	$0
JEREMY THOMAS	PRESIDENT	0.13	Officer Director	$0	$0	$0
LISA NICHOLAS	TRUSTEE	0.13	Director	$0	$0	$0
MAUREEN ABBOTT	TRUSTEE	0.13	Director	$0	$0	$0
COOPER SIRWATKA	TRUSTEE (PART YEAR)	0.13	Director	$0	$0	$0
CRISTINE DONOVAN	TRUSTEE	0.13	Director	$0	$0	$0
STEVEN WOODS	TRUSTEE	0.13	Director	$0	$0	$0
CATHERINE G DE LA GARZA	EXECUTIVE DIRECTOR	13.00	Officer	$0	$24,946	$188,834
SCOTT REYNOLDS	DIRECTOR OF INFORMATION TE	13.00	Highest	$0	$11,854	$124,866
PATRICIA PAOLANGELI	DIRECTOR OF FINANCE	13.00	Highest	$0	$20,496	$131,265
LYNN TRUAME	DIRECTOR OF REAL ESTATE DE	13.00	Highest	$0	$6,662	$113,213

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	$3,356,551	$3,696,213	$12,702,897	$-339,662
2023	$2,409,142	$2,332,880	$10,704,668	$76,262
2022	$1,405,802	$1,753,859	$2,300,578	$-348,057
2021	$1,529,250	$1,001,861	$2,643,029	$527,389
2020	$680,212	$888,859	$2,734,042	$-208,647
2019	$2,333,272	$1,864,635	$3,035,547	$468,637
2018	$1,700,114	$1,939,527	$5,660,629	$-239,413

BETTER HOUSING FOR TOMPKINS COUNTY INC