KITTERY HOUSING CORPORATION (EIN 223565726) - 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

1997

Legal Domicile

Principal Officer

RICHARD OLSEN

Phone

2076616677

Tax Period

2023-07-01 to 2024-06-30

KITTERY HOUSING CORPORATION, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $100K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $91K left a modest 9% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR INDIVIDUALS WITH SPECIAL NEEDS AND LIVING REQUIREMENTS.

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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 $65,829

Program Service Revenue $30,742

Investment Income $3,755

Other Revenue $0

TOTAL REVENUE $100,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,978

Other Expenses $90,978

TOTAL EXPENSES $90,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,326	$86,618	+0.2%
Expenses	$90,978	$96,039	-0.1%
Net Income	$9,348	$-9,421	-2.0%

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

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
DAVID RICCIO	TREASURER	0.40	Officer Director	$0	$0	$0
RICHARD OLSEN	REGISTERED AGENT	0.40	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	$100,326	$90,978	$445,823	$9,348
2023	$86,618	$96,039	$419,183	$-9,421
2022	$77,946	$92,499	$429,829	$-14,553
2021	$85,244	$68,723	$443,617	$16,521
2020	$64,960	$88,552	$437,514	$-23,592
2019	$78,799	$84,184	$451,167	$-5,385
2018	$71,695	$81,546	$455,426	$-9,851

KITTERY HOUSING CORPORATION