Centre Homes Inc

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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

2019

Legal Domicile

Principal Officer

Lori Haines

Phone

8143556750

Tax Period

2024-01-01 to 2024-12-31

Centre Homes Inc, founded in 2019, is a small nonprofit that reported $275K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $240K left a modest 13% surplus.

Mission

Centre Homes Inc strives to maintain affordable, safe, and clean housing options for resiidents of Centre County

Program Service Accomplishments

Program 1

Expenses: $240,339 Revenue: $274,982

Centre Homes Inc strives to maintain affordable, safe, and clean housing for residents of Centre County

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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 $96,466

Program Service Revenue $123,258

Investment Income $4,403

Other Revenue $50,855

TOTAL REVENUE $274,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,914

Fundraising Expenses $0

Program Expenses $240,339

Other Expenses $186,425

TOTAL EXPENSES $240,339

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,982	$250,218	+0.1%
Expenses	$240,339	$296,319	-0.2%
Net Income	$34,643	$-46,101	-1.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sam McGinley	Chairman	000.50	Officer	$0	$0	$0
Geoarge Khoury	Vice Chariman	000.50	Officer	$0	$0	$0
Susan Smith	Member	000.50	Officer	$0	$0	$0
Pat Long	Treasurer	000.50	Officer	$0	$0	$0
Jennifer Stahl	Member	000.50	Officer	$0	$0	$0
Darlene Hoy	Member	000.50	Officer	$0	$0	$0
Rhonda Johannesen	Member	000.50	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	$274,982	$240,339	$907,325	$34,643
2023	$250,218	$296,319	$1,079,774	$-46,101
2022	$406,381	$425,852	$1,878,785	$-19,471
2021	$376,531	$418,492	$1,855,385	$-41,961