ROCKBRIDGE AREA HOUSING CORPORATION (EIN 237148225) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

SKIP RAVENHORST

Phone

5404633242

Tax Period

2024-05-01 to 2025-04-30

ROCKBRIDGE AREA HOUSING CORPORATION, founded in 1971, is a small nonprofit that reported $299K in total revenue in fiscal year 2018. Expenses of $355K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING AND MAINTAIN A SAFE, AFFORDABLE, AND FAMILY-ORIENTED ENVIRONMENT. THE ULTIMATE GOAL IS TO ALWAYS INSTILL PRIDE, RESPECT, AN A SENSE OF "HOME OWNERSHIP" IN THE HEARTS AND MINDS OF EACH FAMILY RESIDING AT MOUNTAINVIEW TERRACE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $40

Program Service Revenue $333,102

Investment Income $32

Other Revenue $3,729

TOTAL REVENUE $336,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,161

Fundraising Expenses $0

Program Expenses $255,935

Other Expenses $204,496

TOTAL EXPENSES $336,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,903	$321,858	+0.0%
Expenses	$336,657	$340,329	0.0%
Net Income	$246	$-18,471	-1.0%

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

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

$40,787

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARYLIN ALEXANDER	PROPERTY MANAGE	40.00	Officer	$40,787	$0	$40,787
MARY BETH HARRIS	SECRETARY-TREAS	0.10	Officer Director	$0	$0	$0
HERMAN DICKERSON	Director	0.10	Director	$0	$0	$0
DAN LYONS	Director	0.10	Director	$0	$0	$0
LORI TURNER	Director	0.10	Director	$0	$0	$0
MABEL POINDEXTER	Director	0.10	Director	$0	$0	$0
SKIP RAVENHORST	President	0.10	Officer Director	$0	$0	$0
PRISCILLA BAKER	Director	0.10	Director	$0	$0	$0
SCOTT BEEBE	Director	0.10	Director	$0	$0	$0
ELLIS BOWERFIND	Director	0.10	Director	$0	$0	$0
NADINE CRANEY	Vice President	0.10	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
2025	$336,903	$336,657	$278,517	$246
2024	$321,858	$340,329	$299,914	$-18,471
2023	$319,442	$351,186	$340,510	$-31,744
2022	$301,511	$360,394	$387,299	$-58,883
2021	$337,917	$347,155	$314,766	$-9,238
2020	$297,688	$283,894	$343,815	$13,794
2019	$299,377	$355,089	$343,667	$-55,712

ROCKBRIDGE AREA HOUSING CORPORATION