RESTORE HOUSE INC (EIN 261689061) - 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

2008

Legal Domicile

Principal Officer

MICHELLE SHEETS

Phone

2184449420

Tax Period

2024-01-01 to 2024-12-31

RESTORE HOUSE INC, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $168K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $186K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDING ADVOCACY FOR INDIVIDUALS WITH HIGH BARRIERS TO SECURING AND SUSUTAINING TRADITIONAL HOUSING INDIVIDUALS SERVED COME FROM A VARIETY OF SETTINGS INCLUDING JAIL OR PRISON HOMELESSNESSOR RESIDENTIAL TREATMENT

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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 $92,624

Program Service Revenue $75,316

Investment Income $0

Other Revenue $0

TOTAL REVENUE $167,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,232

Fundraising Expenses $0

Program Expenses $186,230

Other Expenses $84,998

TOTAL EXPENSES $186,230

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,940	$313,013	-0.5%
Expenses	$186,230	$325,841	-0.4%
Net Income	$-18,290	$-12,828	+0.4%

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

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

$20,965

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY GREER	COORDINATOR	25.00	Officer	$20,965	$0	$20,965
MICHELLE SHEETS	PRESIDENTBOARD CHAIR	4.00	Officer Director	$0	$0	$0
KEN MCDONALD	TREASURERDIRECTOR	4.00	Officer Director	$0	$0	$0
PHIL THOOFT	DIRECTOR	4.00	Officer Director	$0	$0	$0
RICHARD GREER	SECRETARYDIRECTOR	4.00	Director	$0	$0	$0
MATT VONGRINSVEN	DIRECTOR	4.00	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
2024	$167,940	$186,230	$541,881	$-18,290
2023	$313,013	$325,841	$547,902	$-12,828
2022	$405,333	$616,894	$942,331	$-211,561
2021	$808,672	$695,147	$687,430	$113,525

RESTORE HOUSE INC