ALEX W THOMPSON HOUSING CORPORATION (EIN 251695190) - 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

1992

Legal Domicile

Principal Officer

JAMES SHERROD

Phone

8144520505

Tax Period

2023-01-01 to 2023-12-31

ALEX W THOMPSON HOUSING CORPORATION, founded in 1992, is a small nonprofit that reported $158K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $260K exceeded revenue, resulting in a 64% operating deficit.

Mission

TO PROVIDE HOUSING TO THE LOW INCOME ELDERLY UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959.

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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 $0

Program Service Revenue $156,991

Investment Income $43

Other Revenue $1,415

TOTAL REVENUE $158,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,981

Fundraising Expenses $0

Program Expenses $213,037

Other Expenses $229,588

TOTAL EXPENSES $259,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$158,449	$240,264	-0.3%
Expenses	$259,569	$275,718	-0.1%
Net Income	$-101,120	$-35,454	+1.9%

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

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

$98,412

Total Directors

$98,412

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CHEVALIER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHNNY JOHNSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM WILLIAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES SHERROD	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$8,998	$98,412
ANTHONY WILLIAMS	BOARD MEMBER	1.00	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
2023	$158,449	$259,569	$888,611	$-101,120
2022	$240,264	$275,718	$928,218	$-35,454
2021	$198,385	$317,891	$1,030,867	$-119,506
2020	$195,885	$266,936	$1,117,015	$-71,051
2019	$201,193	$269,434	$1,169,506	$-68,241
2018	$205,766	$282,731	$1,252,123	$-76,965

ALEX W THOMPSON HOUSING CORPORATION