BETTER HOMES OF SEAFORD INC (EIN 237353267) - 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

1973

Legal Domicile

Principal Officer

JANE SMACK

Phone

3026298048

Tax Period

2023-01-01 to 2023-12-31

BETTER HOMES OF SEAFORD INC, founded in 1973, is a small nonprofit that reported $279K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Net assets of $3.6M represent 156 months of operating reserves.

Mission

LOW INCOME HOUSING

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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 $91,218

Program Service Revenue $161,456

Investment Income $27,267

Other Revenue $-880

TOTAL REVENUE $279,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,142

Fundraising Expenses $0

Program Expenses $271,322

Other Expenses $179,088

TOTAL EXPENSES $292,230

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,061	$193,841	+0.4%
Expenses	$292,230	$289,391	+0.0%
Net Income	$-13,169	$-95,550	-0.9%

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

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
SHIRELY CALDWELL	DIRECTOR	N/A	Director	$0	$0	$0
CLIFFONIA GAINES	DIRECTOR	N/A	Director	$0	$0	$0
VERONICA F HALL	TREASURER	N/A	Director	$0	$0	$0
SUSAN KENT	DIRECTOR	40.00	Director	$0	$0	$0
CLEMENTINE PARKER	DIRECTOR	N/A	Officer Director	$0	$0	$0
NORMAN POOLE	PRESIDENT	N/A	Officer Director	$0	$0	$0
FRAN RUARK	DIRECTOR	N/A	Director	$0	$0	$0
RON RUSSELL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JANE SMACK	SECRETARY	N/A	Officer Director	$0	$0	$0
KATHY YOUNG	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$279,061	$292,230	$5,999,550	$-13,169
2022	$193,841	$289,391	$6,251,001	$-95,550
2021	$620,997	$474,400	$6,053,595	$146,597
2020	$336,911	$293,614	$5,252,279	$43,297
2019	$245,360	$293,601	$5,198,887	$-48,241
2018	$211,335	$285,102	$5,272,439	$-73,767

BETTER HOMES OF SEAFORD INC