DRAKE HOMES INC (EIN 237110986) - 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

1971

Legal Domicile

Phone

7014657257

Tax Period

2024-01-01 to 2024-12-31

DRAKE HOMES INC, founded in 1971, is a micro nonprofit in the Unknown sector that reported $49K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15K, a strong 30% operating margin.

Mission

TO PROVIDE LOW INCOME HOUSING FOR PEOPLE WITH LOW INCOMES

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1

Other Revenue $48,994

TOTAL REVENUE $48,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7

Fundraising Expenses $0

Program Expenses $34,456

Other Expenses $34,449

TOTAL EXPENSES $34,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,995	$34,228	+0.4%
Expenses	$34,456	$30,421	+0.1%
Net Income	$14,539	$3,807	+2.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY HOFFER	DIRECTOR	1.00	Director	$0	$0	$0
AL SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JODI NICHOLES	DIRECTOR	0.00	Director	$0	$0	$0
BRAD BRUNER	PRESIDENT	1.00	Officer	$0	$0	$0
DAVID ROSEL	VICE PRESIDENT	1.00	Officer	$0	$0	$0
BETH BRUNER	SECRETARY	1.00	Officer	$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	$48,995	$34,456	$79,796	$14,539
2023	$34,228	$30,421	$78,577	$3,807
2022	$49,238	$54,152	$72,277	$-4,914
2021	$56,763	$42,948	$86,021	$13,815

DRAKE HOMES INC