SOMALTOW HOUSING COMPANY INC (EIN 237120738) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

GARY HALLOCK

Phone

5184630294

Tax Period

2024-01-01 to 2024-12-31

SOMALTOW HOUSING COMPANY INC, founded in 1971, is a community nonprofit in the Housing & Shelter sector that reported $4.6M in total revenue in fiscal year 2024. Expenses of $5.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE HOUSING AND AUXILIARY FACILITIES FOR AGED PERSONS OF LOW INCOME, AND TO THIS END TO PLAN, ACQUIRE, CONSTRUCT, OWN, MAINTAIN AND OPERATE SUCH HOUSING AND AUXILIARY FACILITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,432,371

Investment Income $119,941

Other Revenue $0

TOTAL REVENUE $4,552,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,998,963

Other Expenses $5,069,990

TOTAL EXPENSES $5,069,990

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,552,312	$4,374,585	+0.0%
Expenses	$5,069,990	$4,808,920	+0.1%
Net Income	$-517,678	$-434,335	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$113,552

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYLER FRONTE	DIRECTOR	0.50	Director	$0	$0	$0
CAREN HICKS	DIRECTOR	0.50	Director	$0	$0	$0
ADAM LASEK	DIRECTOR	0.50	Director	$0	$0	$0
STEVE REHFUSS	DIRECTOR	0.75	Director	$0	$0	$0
GARY HALLOCK	PRESIDENT	2.50	Officer Director	$0	$0	$0
PETER MCKEE	VICE-PRESIDENT	1.50	Officer Director	$0	$0	$0
JOHN SABURRO	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC SPRAGUE	SECRETARY	0.50	Officer Director	$0	$0	$0
KIMBERLY HANSEN	EXECUTIVE DIRECTOR	5.00	Officer	$113,552	$0	$113,552

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	$4,552,312	$5,069,990	$11,897,812	$-517,678
2023	$4,374,585	$4,808,920	$12,289,182	$-434,335
2022	$3,136,255	$3,839,404	$18,904,526	$-703,149
2021	$2,742,868	$3,534,177	$20,940,655	$-791,309
2020	$2,769,244	$3,612,202	$21,217,142	$-842,958
2019	$2,830,257	$3,494,695	$21,976,547	$-664,438
2018	$686,884	$49,783	$21,619,472	$637,101

SOMALTOW HOUSING COMPANY INC