VERMILION HOUSING CORPORATION

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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

1974

Legal Domicile

Principal Officer

TIMOTHY S TOMSICH

Phone

2187536111

Tax Period

2024-01-01 to 2024-12-31

VERMILION HOUSING CORPORATION, founded in 1974, is a small nonprofit that reported $230K in total revenue in fiscal year 2024.

Mission

PROVIDE SUBSIDIZED APARTMENTS TO LOW INCOME TENANTS

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $220,742

PROVIDE 50 LOW INCOME HOUSING UNITS IN TOWER AND SOUDAN, SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELIGIBLE OCCUPANTS.

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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 $227,495

Program Service Revenue $0

Investment Income $2,747

Other Revenue $0

TOTAL REVENUE $230,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,560

Fundraising Expenses $0

Program Expenses $0

Other Expenses $177,367

TOTAL EXPENSES $232,927

Year-over-Year Comparison

	2024	2023	Change
Revenue	$230,242	$218,205	+0.1%
Expenses	$232,927	$182,668	+0.3%
Net Income	$-2,685	$35,537	-1.1%

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

N/A

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

$6,096

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY S TOMSICH	PRESIDENT	2.00	Officer	$0	$0	$0
EMILY ELORANTA	VICE PRESIDENT	2.00	Officer	$0	$0	$0
JENNIFER MANNICK	SECRETARY	1.00	Officer	$0	$0	$0
JORGINE GORNIK	TREASURER	12.00	Officer	$0	$0	$6,096
JULIE JOHNSON	DIRECTOR	2.00	Officer	$0	$0	$0
SHARA DOSTERT	DIRECTOR	2.00	Officer	$0	$0	$0
JOLENE MROSZAK	DIRECTOR	2.00	Officer	$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	$230,242	$232,927	$396,823	$-2,685
2023	$218,205	$182,668	$410,796	$35,537
2022	$219,522	$213,778	$412,092	$5,744
2021	$206,397	$210,897	$413,840	$-4,500
2020	$219,113	$208,547	$436,011	$10,566