Humboldt Homes Ltd (EIN 237409470) - 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

1975

Legal Domicile

Principal Officer

Ron Rasmussen

Phone

5153322020

Tax Period

2024-01-01 to 2024-12-31

Humboldt Homes Ltd, founded in 1975, is a small nonprofit that reported $610K in total revenue in fiscal year 2024.

Mission

Low income housing for the elderly and handicapped.

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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 $608,299

Investment Income $192

Other Revenue $1,959

TOTAL REVENUE $610,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,137

Fundraising Expenses $0

Program Expenses $523,749

Other Expenses $535,277

TOTAL EXPENSES $605,414

Year-over-Year Comparison

	2024	2023	Change
Revenue	$610,450	$627,187	0.0%
Expenses	$605,414	$590,632	+0.0%
Net Income	$5,036	$36,555	-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	Role	Reportable Comp	Other Comp	Total
Merlin Graaf	Director	Director	$0	$0	$0
Ron Rasmussen	President	Officer Director	$0	$0	$0
Ed Timm	Vice President	Officer Director	$0	$0	$0
Joan Kollmorgen	Director	Director	$0	$0	$0
Craig Malloy	Director	Director	$0	$0	$0
Kirk Whittlesey	Sec/Treas	Officer Director	$0	$0	$0
Roger Kleve	Director	Director	$0	$0	$0
Deb Miller	Director	Director	$0	$0	$0
Allen Goche	Director	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	$610,450	$605,414	$1,198,692	$5,036
2023	$627,187	$590,632	$1,242,467	$36,555
2022	$550,486	$586,244	$1,250,943	$-35,758
2021	$744,795	$502,085	$1,333,659	$242,710
2020	$651,133	$495,201	$1,133,569	$155,932
2019	$534,428	$506,122	$1,026,271	$28,306
2018	$512,428	$516,803	$1,071,694	$-4,375

Humboldt Homes Ltd