Shires Housing Inc (EIN 222976053) - 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

1991

Legal Domicile

Principal Officer

Wendy Zieba

Phone

8024428139

Tax Period

2023-10-01 to 2023-12-31

Shires Housing Inc, founded in 1991, is a small nonprofit that reported $902K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $291K, a strong 32% operating margin.

Mission

Shires Housing's mission is to provide safe, decent and perpetually affordable housing options for low and moderate income residents of Bennington County. At Shires Housing we are helping transform communities by improving neighborhoods, providing workforce housing, and driving economic development in our region.

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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 $452,994

Program Service Revenue $358,330

Investment Income $90,431

Other Revenue $0

TOTAL REVENUE $901,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,186

Fundraising Expenses $12,536

Program Expenses $491,546

Other Expenses $328,434

TOTAL EXPENSES $610,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$901,755	$3,531,573	-0.7%
Expenses	$610,620	$2,712,220	-0.8%
Net Income	$291,135	$819,353	-0.6%

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

$107,829

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Leech	President	4.00	Officer Director	$0	$0	$0
Reed Bongartz	Vice President	2.00	Officer Director	$0	$0	$0
Amy McNeil	Treasurer	2.00	Officer Director	$0	$0	$0
Callie Fishburn	Secretary	2.00	Officer Director	$0	$0	$0
Christopher Williams	Director	2.00	Director	$0	$0	$0
Julius Rosenwald	Director	2.00	Director	$0	$0	$0
David Silver	Director	2.00	Director	$0	$0	$0
William Deveneau	Director	2.00	Director	$0	$0	$0
Kate Cooper	Director	2.00	Director	$0	$0	$0
Scott Winslow	Director	2.00	Director	$0	$0	$0
Catherine Bryars	Executive Director	45.00	Officer	$85,945	$21,884	$107,829

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	No data	No data	No data	No data
2023	$3,531,573	$2,712,220	$11,502,174	$819,353
2023	$901,755	$610,620	$14,752,484	$291,135
2022	$1,971,568	$2,380,110	$9,318,140	$-408,542
2021	$3,565,384	$2,302,532	$9,014,730	$1,262,852
2020	$2,964,940	$2,015,902	$8,381,590	$949,038
2019	$2,080,259	$2,110,566	$7,067,258	$-30,307
2018	$2,040,642	$1,543,816	$6,316,908	$496,826

Shires Housing Inc