TRANSITIONAL HOUSING SERVICES

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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

1996

Legal Domicile

Principal Officer

KENT R PIPES

Phone

6092614571

Tax Period

2022-07-01 to 2023-06-30

TRANSITIONAL HOUSING SERVICES, founded in 1996, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2022. Expenses of $2.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE DECENT AFFORDABLE HOUSING AND TRANSITIONAL HOUSING, EMERGENCY SHELTER, AND SUPPORT NEEDS HOUSING TO LOWER INCOME INDIVIDUALS AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $2,146,851 Revenue: $1,751,661

PROVIDES HOMES FOR USE AS OCCUPANCY AS EMERGENCY SHELTERS OR TRANSITIONAL HOUSING FOR THE HOMELESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $81,549

Program Service Revenue $1,751,661

Investment Income $156

Other Revenue $0

TOTAL REVENUE $1,833,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,146,851

Other Expenses $2,147,957

TOTAL EXPENSES $2,147,957

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,833,366	$1,703,701	+0.1%
Expenses	$2,147,957	$2,352,559	-0.1%
Net Income	$-314,591	$-648,858	-0.5%

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

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

$109,745

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT PIPES	PRESIDENT	5.00	Officer	$0	$0	$109,745
MICHAEL HOGAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RENEE KOUBIADIS	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
MARK JORDENSEN	TRUSTEE	2.00	Director	$0	$0	$0
JANEY BOWE-WHITE	TRUSTEE	2.00	Director	$0	$0	$0
LASHAWN BARBER	TRUSTEE	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,833,366	$2,147,957	$684,245	$-314,591
2022	$1,703,701	$2,352,559	$700,713	$-648,858
2021	$1,759,937	$2,486,594	$481,271	$-726,657
2020	$1,784,601	$2,204,738	$607,074	$-420,137
2019	$2,105,311	$1,983,958	$340,331	$121,353
2018	$1,720,881	$1,585,340	$797,920	$135,541