LOWER MERION AFFORDABLE HOUSING CORPORATION (EIN 232826280) - 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

KEVIN KAVANAUGH

Phone

2156880432

Tax Period

2022-07-01 to 2023-06-30

LOWER MERION AFFORDABLE HOUSING CORPORATION, founded in 1997, is a micro nonprofit in the Housing & Shelter sector that reported $12K in total revenue in fiscal year 2022. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2K, a strong 19% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN LOWER MERION TOWNSHIP

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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 $11,740

Program Service Revenue $0

Investment Income $21

Other Revenue $0

TOTAL REVENUE $11,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,882

Other Expenses $9,583

TOTAL EXPENSES $9,583

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,761	$23,674	-0.5%
Expenses	$9,583	$18,737	-0.5%
Net Income	$2,178	$4,937	-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

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
KATHY BABCOCK	MEMBER	N/A	Director	$0	$0	$0
MAXINE GOLDBERG	MEMBER	N/A	Director	$0	$0	$0
CHRIS HANSON	MEMBER	N/A	Director	$0	$0	$0
JOHN W ALEXANDER JR	MEMBER	N/A	Director	$0	$0	$0
SCOTT KALNER	MEMBER	N/A	Director	$0	$0	$0
KEVIN KAVANAUGH	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL LEIBOWITZ	PRESIDENT	4.00	Officer Director	$0	$0	$0
ALISA MCCANN	SECRETARY	4.00	Officer Director	$0	$0	$0
THOMAS H PATTERSON	ASST. TREASU	1.00	Officer Director	$0	$0	$0
KAREN W RAMSEY	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
ROSA J SEROTA	MEMBER	N/A	Director	$0	$0	$0
MARIFA WINFREE	MEMBER	N/A	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	No data	No data	No data	No data
2023	$11,761	$9,583	$924,550	$2,178
2022	$23,674	$18,737	$733,657	$4,937
2021	$9,349	$14,943	$307,454	$-5,594
2020	$17,038	$11,214	$187,432	$5,824
2019	$21,966	$24,807	$188,292	$-2,841

LOWER MERION AFFORDABLE HOUSING CORPORATION