HISTORIC TAX CREDIT COALITION

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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

2009

Legal Domicile

Principal Officer

ALBERT REX

Phone

2023022957

Tax Period

2024-01-01 to 2024-12-31

HISTORIC TAX CREDIT COALITION, founded in 2009, is a small nonprofit that reported $522K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

THE HISTORIC TAX CREDIT COALITION (HTCC) IS A NATIONAL NONPROFIT ORGANIZATION COMPRISED OF A VARIETY OF STAKEHOLDERS THAT RECOGNIZE THE IMPORTANCE OF THE FEDERAL HISTORIC TAX CREDIT, INCLUDING ARCHITECTS, DEVELOPERS, PRESERVATION CONSULTANTS, SYNDICATORS, INVESTORS, LAWYERS AND ACCOUNTANTS. IN ADDITION TO ENSURING THE FUTURE OF THE FEDERAL HISTORIC TAX CREDIT, COALITION MEMBERS ADVOCATE FOR IMPORTANT IMPROVEMENTS THAT WOULD MAKE THE CREDIT A MORE EFFICIENT AND EFFECTIVE MEANS OF FINANCING THE REHABILITATION OF HISTORIC AND OLDER BUILDINGS.

Program Service Accomplishments

Program 1

THE COALITION CONDUCTS INFORMATION SHARING WITHIN THE HISTORIC TAX CREDIT (HTC) INDUSTRY, DISSEMINATES BEST PRACTICES AND PROCEDURES, SUPPORTS ACADEMIC STUDIES AND CONDUCTS ITS OWN RESEARCH ON TRENDS IN THE INDUSTRY, AND INTERACTS WITH FEDERAL AGENCIES AND CONGRESS TO PROMOTE BETTER ADMINISTRATION OF THE HTC AND ADVOCATE FOR ITS IMPROVEMENT. THE ORGANIZATION HAS A CONTRACT WITH A PUBLIC POLICY CONSULTANT WITH SPECIFIC GOALS IN EACH AREA AND IS REGULARLY ACCOUNTABLE TO ITS MEMBERSHIP. THE COALITION SUPPORTS THE PUBLICATION OF AN ANNUAL REPORT ON THE ECONOMIC IMPACT OF THE CREDIT AND OTHER REPORTS AS-NEEDED, INCLUDING STATE-SPECIFIC REPORTS AND A RECENT STUDY OF THE CATALYTIC IMPACT OF THE HTC. THERE ARE ALSO GOALS WITH RESPECT TO GENERATING CLARIFYING GUIDANCE FROM FEDERAL AGENCIES INCLUDING THE IRS AND THE NATIONAL PARK SERVICE.

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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 $5,000

Program Service Revenue $516,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $521,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $536,973

TOTAL EXPENSES $536,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$521,500	$585,500	-0.1%
Expenses	$536,973	$569,655	-0.1%
Net Income	$-15,473	$15,845	-2.0%

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
FORREST MILDER	CHAIR	1.00	Officer Director	$0	$0	$0
ALBERT REX	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT DEMARTINO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE FONSECA	BOARD MEMBER	1.00	Director	$0	$0	$0
CINDY HAMILTON	BOARD MEMBER	1.00	Director	$0	$0	$0
TED HICKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE KRAMER	BOARD MEMBER	1.00	Director	$0	$0	$0
WHITNEY LANASA	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL NOVOGRADAC	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB OLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARSHALL PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL GAWRYCH	TREASURER	1.00	Officer	$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	$521,500	$536,973	$13,472	$-15,473
2023	$585,500	$569,655	$28,945	$15,845
2022	$462,500	$497,072	$13,100	$-34,572
2021	$515,000	$524,774	$47,672	$-9,774
2020	$460,000	$512,900	$57,446	$-52,900
2019	$457,500	$499,466	$110,346	$-41,966
2018	$513,750	$542,189	$152,312	$-28,439