PORTAGE ALTERNATIVE NONPROFIT HOUSING CORPORATION (EIN 262804647) - 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

2007

Legal Domicile

Principal Officer

CAROLE MCNEES

Phone

2697204715

Tax Period

2023-07-01 to 2024-06-30

PORTAGE ALTERNATIVE NONPROFIT HOUSING CORPORATION, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $89K in total revenue in fiscal year 2023. Expenses of $102K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR PERSONS WITH A CHRONIC MENTAL ILLNESS.

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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 $54,608

Program Service Revenue $35,707

Investment Income $-1,040

Other Revenue $0

TOTAL REVENUE $89,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,385

Fundraising Expenses $0

Program Expenses $73,917

Other Expenses $67,317

TOTAL EXPENSES $101,702

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,275	$89,502	0.0%
Expenses	$101,702	$102,766	0.0%
Net Income	$-12,427	$-13,264	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLE MCNEES	PRESIDENT	0.10	Officer Director	$0	$0	$0
DAVID F ANDERSON	VICE PRESIDE	0.04	Officer Director	$0	$0	$0
DEE VELKOFF	TREASURER	0.06	Officer Director	$0	$0	$0
DANIEL MCGLINN	SECRETARY	0.04	Officer Director	$0	$0	$0
ARTRELLA COHN	DIRECTOR	0.06	Director	$0	$0	$0
STEVEN HASSEVOORT	DIRECTOR	0.04	Director	$0	$0	$0
JODI MILKS	PAST DIRECTO	0.04	Director	$0	$0	$0
STACEY RANDOLPH-LEDBETTER	DIRECTOR	0.06	Director	$0	$0	$0
MICHAEL WILLIAMS	DIRECTOR	0.03	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
2025	No data	No data	No data	No data
2024	$89,275	$101,702	$683,421	$-12,427
2023	$89,502	$102,766	$698,036	$-13,264
2022	$74,808	$104,094	$710,365	$-29,286
2021	$72,775	$99,196	$734,240	$-26,421
2020	$74,091	$90,356	$750,928	$-16,265
2019	$76,240	$86,496	$767,053	$-10,256
2018	$57,615	$91,196	$787,354	$-33,581

PORTAGE ALTERNATIVE NONPROFIT HOUSING CORPORATION