SOUTHERN TIER HOUSING CORPORATION

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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

2007

Legal Domicile

Principal Officer

ANGIE ALLEN

Phone

6068645175

Tax Period

2024-04-01 to 2025-03-31

SOUTHERN TIER HOUSING CORPORATION, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE FAMILIES WITH THE OPPORTUNITY TO BUILD AND OWN AN ENERGY EFFICIENT HOMNE IN 9 IMPOVERISHED KENTUCKY COUNTIES OF CUMBERLAND, CLINTON, WAYNE, MCCREARY, WHITLEY, BELL, LAUREL, ROCKCASTLE, PULASKI, AND ADJACENT REGIONS.

Program Service Accomplishments

Program 1

Expenses: $2,247,649

SOUTHERN TIER HOUSING CORPORATION'S (STHC) MISSION IS TO PROVIDE HOUSEHOLDS WITH HIGH-QUALITY, ENERGY EFFICIENT, HOUSING OPPORTUNITIES. STHC WORKS WITH HOUSEHOLDS TO QUALIFY FOR FINANCING, SELECT...

SOUTHERN TIER HOUSING CORPORATION'S (STHC) MISSION IS TO PROVIDE HOUSEHOLDS WITH HIGH-QUALITY, ENERGY EFFICIENT, HOUSING OPPORTUNITIES. STHC WORKS WITH HOUSEHOLDS TO QUALIFY FOR FINANCING, SELECT LAND ON WHICH TO BUILD A HOME, AND SELECT A HOUSE PLAN. STHC BUILDS THE HOMES AS THE GENERAL CONTRACTOR FOR A TURN KEY JOB. STHC ALSO PROVIDES PROJECT MANAGEMENT EXPERTISE TO OTHER ORGANIZATIONS WHO ARE IN NEED OF EXPERTISE AND CAPACITY TO CARRY OUT HOUSING INITIATIVES IN THEIR COMMUNITIES.

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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 $218,021

Program Service Revenue $1,727,990

Investment Income $0

Other Revenue $203,363

TOTAL REVENUE $2,149,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,963

Fundraising Expenses $0

Program Expenses $2,247,649

Other Expenses $2,060,227

TOTAL EXPENSES $2,338,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,149,374	$1,767,288	+0.2%
Expenses	$2,338,190	$1,914,481	+0.2%
Net Income	$-188,816	$-147,193	+0.3%

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

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

$205,434

Total Directors

$5,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGIE ALLEN	PRESIDENT	40.00	Officer	$86,458	$13,025	$99,483
DARRELL KINNETT	V.P./SECRETA	40.00	Officer	$90,969	$14,182	$105,151
RICHARD FOLEY	CHAIRMAN	2.00	Officer	$800	$0	$800
BILL SINGLETON	VICE CHAIR	2.00	Director	$1,000	$0	$1,000
GORDON KIDD	DIRECTOR	2.00	Director	$1,000	$0	$1,000
PATSY PERDUE	DIRECTOR	2.00	Director	$1,000	$0	$1,000
JOE SUMMERS	DIRECTOR	2.00	Director	$300	$0	$300
TAMERA COX	DIRECTOR	2.00	Director	$1,000	$0	$1,000
JUDY REDDEN	DIRECTOR	2.00	Director	$650	$0	$650
DONNIE PROFITT	DIRECTOR	2.00	Director	$0	$0	$0
LEAH NORVELL	DIRECTOR	2.00	Director	$1,000	$0	$1,000

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	$2,149,374	$2,338,190	$2,018,066	$-188,816
2024	$1,767,288	$1,914,481	$2,201,955	$-147,193
2023	$2,606,678	$2,203,892	$2,340,695	$402,786
2022	$2,606,926	$2,081,712	$1,790,090	$525,214
2021	$2,489,663	$2,221,215	$1,326,855	$268,448
2020	$2,287,294	$2,358,851	$1,346,614	$-71,557
2019	$1,942,824	$2,278,199	$1,247,868	$-335,375
2018	$1,986,995	$2,137,856	$1,230,634	$-150,861