PASSAVANT MEMORIAL HOMES HOUSING INITIATIVE NO 2 INC (EIN 251891797) - 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

2024-07-01 to 2025-06-30

PASSAVANT MEMORIAL HOMES HOUSING INITIATIVE NO 2 INC, founded in 2002, is a micro nonprofit in the Human Services sector that reported $59K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $83K exceeded revenue, resulting in a 42% operating deficit.

Mission

IT IS THE MISSION OF PASSAVANT MEMORIAL HOMES HOUSING INITIATIVE NO 2 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $58,605

Investment Income $17

Other Revenue $0

TOTAL REVENUE $58,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,916

Other Expenses $83,092

TOTAL EXPENSES $83,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,622	$63,242	-0.1%
Expenses	$83,092	$64,510	+0.3%
Net Income	$-24,470	$-1,268	+18.3%

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

$2,916,307

Total Directors

$3,201,565

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
GARY CHOLTO	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA BAZZONE	CFO & TREASURER	1.00	Officer Director	$0	$39,134	$439,894
LEWIS MINETT	COS & SECRETARY	1.00	Officer Director	$0	$43,536	$505,401
RICK D SENFT	CEO & PRESIDENT	1.00	Officer Director	$0	$39,780	$1,295,500
ZACHARY SENFT	COO & VICE PRESIDENT	1.00	Officer Director	$0	$43,610	$675,512
WILLIAM SHERBONDY	EXECUTIVE DIRECTOR	1.00	Director	$0	$38,564	$285,258

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	$58,622	$83,092	$419,888	$-24,470
2024	$63,242	$64,510	$442,585	$-1,268
2023	$62,682	$101,420	$448,335	$-38,738
2022	$59,017	$79,637	$488,797	$-20,620
2021	$62,183	$49,803	$501,946	$12,380
2020	$62,489	$54,634	$492,599	$7,855

PASSAVANT MEMORIAL HOMES HOUSING INITIATIVE NO 2 INC