TORRINGTON AFFORDABLE HOUSING INC (EIN 222876239) - 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

1987

Legal Domicile

Principal Officer

ALICE LAPIERRE

Phone

8604896045

Tax Period

2024-01-01 to 2024-12-31

TORRINGTON AFFORDABLE HOUSING INC, founded in 1987, is a micro nonprofit in the Housing & Shelter sector that reported $57K in total revenue in fiscal year 2024. Expenses of $49K left a modest 14% surplus.

Mission

COST TO ADMINISTRATE LAND LEASES, TO MAINTAIN AND INSURE COMMON AREA AND QUALIFY PEOPLE WITH LOW INCOME FOR PURCHASE OF HOME ON THERE LAND WITH HOME PRESENTLY ON THEM.

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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 $55,212

Investment Income $1,843

Other Revenue $0

TOTAL REVENUE $57,055

Expense Breakdown

Grants Paid $493

Salaries & Benefits $24,969

Fundraising Expenses $0

Program Expenses $49,227

Other Expenses $23,765

TOTAL EXPENSES $49,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,055	$54,129	+0.1%
Expenses	$49,227	$49,753	0.0%
Net Income	$7,828	$4,376	+0.8%

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

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
RON BARRANTE	SEC	2.00	Officer	$0	$0	$0
ALICE LAPIERRE	PRESIDENT	4.00	Officer	$0	$0	$0
CINDY SCHRODER	ADM EXECUTIVE	20.00	Key Emp	$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	$57,055	$49,227	$1,572,975	$7,828
2023	$54,129	$49,753	$1,565,636	$4,376
2022	$38,596	$46,797	$1,561,154	$-8,201
2021	$49,006	$42,649	$1,569,128	$6,357
2020	$43,170	$39,594	$1,562,717	$3,576
2019	$35,000	$36,882	$1,559,060	$-1,882
2018	$34,818	$38,520	$1,560,545	$-3,702

TORRINGTON AFFORDABLE HOUSING INC