PASSAVANT MEMORIAL HOMES HOUSING INITIATIVE NO 1 INC (EIN 251891795) - 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

2002

Legal Domicile

Principal Officer

RICK D SENFT

Phone

4128201010

Tax Period

2023-07-01 to 2024-06-30

PASSAVANT MEMORIAL HOMES HOUSING INITIATIVE NO 1 INC, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $62K in total revenue in fiscal year 2023. Expenses of $76K exceeded revenue, resulting in a 22% operating deficit.

Mission

IT IS THE MISSION OF PASSAVANT MEMORIAL HOMES HOUSING INITIATIVE NO 1 TO DEVELOP AND OPERATE REAL ESTATE PROPERTIES FOR HOUSING FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES, AUTISM, AND BEHAVIORAL HEALTH NEEDS.

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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 $62,400

Investment Income $48

Other Revenue $0

TOTAL REVENUE $62,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,068

Other Expenses $76,159

TOTAL EXPENSES $76,159

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,448	$62,496	0.0%
Expenses	$76,159	$88,003	-0.1%
Net Income	$-13,711	$-25,507	-0.5%

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

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

$2,650,019

Total Directors

$2,946,318

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE KUSHIK	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE KERNAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANITA WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA BAZZONE	CFO & TREASURER	1.00	Officer Director	$0	$35,825	$405,649
LEWIS MINETT	COS & SECRETARY	1.00	Officer Director	$0	$39,994	$489,010
RICK D SENFT	CEO & PRESIDENT	1.00	Officer Director	$0	$36,502	$1,104,092
ZACHARY SENFT	COO & VICE PRESIDENT	1.00	Officer Director	$0	$40,025	$651,268
WILLIAM SHERBONDY	EXECUTIVE DIRECTOR	1.00	Director	$0	$36,005	$296,299

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
2025	No data	No data	No data	No data
2024	$62,448	$76,159	$427,504	$-13,711
2023	$62,496	$88,003	$440,357	$-25,507
2022	$62,418	$59,415	$472,124	$3,003
2021	$62,509	$52,646	$462,161	$9,863
2020	$62,414	$48,762	$466,228	$13,652

PASSAVANT MEMORIAL HOMES HOUSING INITIATIVE NO 1 INC