MSU STUDENT HOUSING COOPERATIVE INCORPORATED (EIN 237106486) - 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

1969

Legal Domicile

Principal Officer

HOLLY JO SPARKS

Phone

5173558313

Tax Period

2023-09-01 to 2024-08-31

MSU STUDENT HOUSING COOPERATIVE INCORPORATED, founded in 1969, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 11% surplus.

Mission

THE PURPOSE OF SPARTAN HOUSING COOPERATIVE (SHC) SHALL BE TO PROVIDE HIGH-QUALITY, LOW-COST, NOT-FOR-PROFIT COOPERATIVE HOUSING AND EDUCATIONAL OPPORTUNITIES TO VERY LOW-TO MODERATE-INCOME PEOPLE, TO PROMOTE THE CONCEPT OF COOPERATIVE LIVING AND TO UPHOLD THE ROCHDALE PRINCIPLES OF COOPERATION.

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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 $3,200

Program Service Revenue $1,641,239

Investment Income $25,884

Other Revenue $0

TOTAL REVENUE $1,670,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $469,214

Fundraising Expenses $0

Program Expenses $1,194,942

Other Expenses $1,018,027

TOTAL EXPENSES $1,487,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,670,323	$1,560,107	+0.1%
Expenses	$1,487,241	$1,323,459	+0.1%
Net Income	$183,082	$236,648	-0.2%

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

270

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

$140,462

Total Directors

$49,602

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAYTON GRIFFITH	PRESIDENT (THRU MARCH)	15.00	Officer Director	$11,600	$0	$11,600
ANNA PARCELLS	TREASURER (THRU APRIL)	15.00	Officer Director	$11,600	$0	$11,600
REBECA MELAKU VERDECIA	CORPORATE SECRETARY	15.00	Officer Director	$0	$0	$0
ERIC SAUNDERS	VP OF FACILITIES (BEG MAY)	15.00	Officer Director	$0	$0	$0
MACKENZIE ALEXANDER	VP OF EDUCATION	15.00	Officer Director	$0	$0	$0
RILEY JEFFERY	VP OF MEMBERSHIP (THRU APRIL)	15.00	Officer Director	$5,900	$0	$5,900
AUSTEN HOWARD	VP OF FACILITIES (THRU APRIL)	15.00	Officer Director	$6,368	$0	$6,368
AJ SCHICHT	VP OF MEMBERSHIP (BEG MAY)	15.00	Officer Director	$0	$0	$0
LILLIE REA	DIRECTOR	2.00	Director	$0	$0	$0
ANNIKA HAUSER-BRYDON	DIRECTOR (THRU JUNE)	2.00	Director	$0	$0	$0
AUSTIN CURTIS	DIRECTOR	2.00	Director	$0	$0	$0
JACKSON BUDDINGH	DIRECTOR (THRU JAN)	2.00	Director	$0	$0	$0
RJ SCHOEN	DIRECTOR	2.00	Director	$0	$0	$0
SHYLA CRUMP	DIRECTOR (JAN - MAY)	2.00	Director	$0	$0	$0
YOUSIF ELYA	DIRECTOR	2.00	Director	$0	$0	$0
ROSIE MCGUIRE	DIRECTOR (THRU JUNE)	2.00	Director	$0	$0	$0
WILL LAWRENCE	DIRECTOR	2.00	Director	$0	$0	$0
THANH TRAN	DIRECTOR (THRU SEPT)	2.00	Director	$0	$0	$0
ABIGAIL LOCKE	DIRECTOR	2.00	Director	$0	$0	$0
CHLOE LESTER	DIRECTOR (SEPT - NOV)	2.00	Director	$0	$0	$0
LUCINDA GLEESPEN	PRESIDENT (BEG APRIL)	15.00	Officer Director	$11,374	$0	$11,374
TOMAS MIRALLA	TREASURER (BEG MAY)	15.00	Officer Director	$2,760	$0	$2,760
COLLIN SLABAUGH	DIRECTOR	2.00	Director	$0	$0	$0
SAYLOR REINDERS	DIRECTOR	2.00	Director	$0	$0	$0
ANTONIO CAPOZZOLI	DIRECTOR	2.00	Director	$0	$0	$0
CLEMENTINE NYUON	DIRECTOR	2.00	Director	$0	$0	$0
ARIEL GERST	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN LOWEN	DIRECTOR	2.00	Director	$0	$0	$0
HARPER MCNAMARA	DIRECTOR	2.00	Director	$0	$0	$0
RYAN SCHOTZKO	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK SPRING	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW SCHEIL	DIRECTOR	2.00	Director	$0	$0	$0
HOLLY JO SPARKS	EXECUTIVE DIRECTOR	40.00	Officer	$76,831	$14,029	$90,860

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	$1,670,323	$1,487,241	$5,404,767	$183,082
2023	$1,560,107	$1,323,459	$5,250,010	$236,648
2022	$1,441,979	$1,223,230	$4,409,348	$218,749

MSU STUDENT HOUSING COOPERATIVE INCORPORATED