NODAK HOMES CORPORATION (EIN 237297040) - 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

Principal Officer

LYLE HANSON

Phone

7016637494

Tax Period

2024-01-01 to 2024-12-31

NODAK HOMES CORPORATION, founded in 1971, is a small nonprofit that reported $212K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $49K, a strong 23% operating margin.

Mission

THE CORPORATION PROVIDES AFFORDABLE HOUSING FOR ELDERLY, HANDICAPPED, AND LOW-INCOME INDIVIDUALS.

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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 $210,092

Investment Income $1,737

Other Revenue $657

TOTAL REVENUE $212,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,767

Fundraising Expenses $0

Program Expenses $137,308

Other Expenses $134,793

TOTAL EXPENSES $163,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,486	$194,072	+0.1%
Expenses	$163,560	$178,444	-0.1%
Net Income	$48,926	$15,628	+2.1%

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

$3,000

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYLE HANSON	PRESIDENT	1.50	Officer Director	$3,000	$0	$3,000
JOE KEIFER	VICE-PRESIDENT	0.30	Officer Director	$0	$0	$0
JAMES WEISSER	SECRETARY	0.30	Officer Director	$0	$0	$0
AL LEIER	DIRECTOR	0.30	Director	$0	$0	$0
CHRYSTAL JAHNER	DIRECTOR	0.30	Director	$0	$0	$0
CHERYL HANSON	DIRECTOR	0.30	Director	$0	$0	$0
DEAN BOSCH	DIRECTOR	0.30	Director	$0	$0	$0
LEANN HULM	DIRECTOR	0.30	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	$212,486	$163,560	$1,258,610	$48,926
2023	$194,072	$178,444	$1,222,242	$15,628
2022	$166,019	$171,454	$1,219,888	$-5,435
2021	$181,044	$136,201	$1,239,109	$44,843
2020	$197,429	$153,956	$1,236,221	$43,473
2019	$170,459	$159,110	$1,189,085	$11,349
2018	$170,710	$168,679	$1,179,089	$2,031

NODAK HOMES CORPORATION