BATH HOUSING DEVELOPMENT CORPORATION (EIN 222618694) - 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

1984

Legal Domicile

Principal Officer

DEBORA KELLER

Phone

2074433116

Tax Period

2024-01-01 to 2024-12-31

BATH HOUSING DEVELOPMENT CORPORATION, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $3.4M in total revenue in fiscal year 2024. Expenses of $3.1M left a modest 8% surplus.

Mission

BATH HOUSING DEVELOPMENT CORPORATION IS COMMITTED TO ADVANCING HOUSING SOLUTIONS SO PEOPLE FROM ALL BACKGROUNDS AND INCOME LEVELS CAN LIVE, WORK AND THRIVE.

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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 $1,003,573

Program Service Revenue $2,177,215

Investment Income $220,477

Other Revenue $0

TOTAL REVENUE $3,401,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $547,746

Fundraising Expenses $0

Program Expenses $2,563,888

Other Expenses $2,588,606

TOTAL EXPENSES $3,136,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,401,265	$3,223,929	+0.1%
Expenses	$3,136,352	$2,898,288	+0.1%
Net Income	$264,913	$325,641	-0.2%

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

$178,057

Total Directors

$178,057

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA GAUL	CHAIR	2.00	Officer Director	$0	$0	$0
NANCY JENNINGS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
NANCY CARLETON	TREASURER	2.00	Officer Director	$0	$0	$0
DEBORA KELLER	SECRETARY/EXECUTIVE DIRECT	20.00	Officer Director	$0	$20,781	$178,057
CR DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE RINES	DIRECTOR	2.00	Director	$0	$0	$0
ERIK NELSON	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE POWERS	DIRECTOR	2.00	Director	$0	$0	$0
TOBIAS GABRANSKI	DIRECTOR	2.00	Director	$0	$0	$0
ROBERTA JORDAN	DIRECTOR	2.00	Director	$0	$0	$0
SANDRA WENTWORTH	DIRECTOR	2.00	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
2024	$3,401,265	$3,136,352	$21,133,939	$264,913
2023	$3,223,929	$2,898,288	$13,138,904	$325,641
2022	$2,857,692	$2,764,630	$12,423,196	$93,062
2021	$6,289,688	$1,911,291	$12,708,509	$4,378,397
2020	$2,063,193	$1,318,350	$7,888,243	$744,843
2019	$1,638,885	$1,346,477	$7,278,730	$292,408
2018	$1,264,654	$1,354,975	$6,007,374	$-90,321

BATH HOUSING DEVELOPMENT CORPORATION