LOW INCOME HOUSING DEVELOPMENT CORP OF TERRE HAUTE (EIN 270975339) - 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

2009

Legal Domicile

Principal Officer

JEFF STEWART

Phone

8122321381

Tax Period

2024-10-01 to 2025-09-30

LOW INCOME HOUSING DEVELOPMENT CORP OF TERRE HAUTE, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $654K, a strong 43% operating margin.

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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 $603,146

Program Service Revenue $733,596

Investment Income $178,586

Other Revenue $0

TOTAL REVENUE $1,515,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,408

Fundraising Expenses $0

Program Expenses $584,732

Other Expenses $688,681

TOTAL EXPENSES $861,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,515,328	$1,121,902	+0.4%
Expenses	$861,089	$767,428	+0.1%
Net Income	$654,239	$354,474	+0.8%

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

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

$326,982

Total Directors

$4,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES COUNTERMAN	BOARD MEMBER	2.00	Director	$0	$0	$875
MARSHALL RECTOR	VICE PRESIDENT	2.00	Officer Director	$0	$0	$875
RODERICK A SMITH	BOARD MEMBER	2.00	Director	$0	$0	$875
JOHN WOLF	BOARD MEMBER	2.00	Director	$0	$0	$125
PATRICIA PARKER-ZAIKOVSKY	PRESIDENT	2.00	Officer Director	$0	$0	$1,000
AARON ATTERSON	BOARD MEMBER	2.00	Director	$0	$0	$250
MYRA M WILKEY	BOARD MEMBER	2.00	Director	$0	$0	$375
GLENN J PURNELL	BOARD MEMBER	2.00	Director	$0	$0	$125
JEFFREY STEWART	EXECUTIVE DIRECTOR	2.00	Officer	$0	$0	$217,032
MARIA LAKE	DIRECTOR OF FINANCE/TREASU	2.00	Officer	$0	$0	$108,075

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	$1,515,328	$861,089	$11,733,897	$654,239
2024	$1,121,902	$767,428	$11,100,404	$354,474
2023	$889,304	$712,039	$10,827,521	$177,265
2022	$871,795	$659,293	$10,761,853	$212,502
2021	$859,923	$636,875	$10,447,057	$223,048
2020	$1,206,841	$762,697	$10,244,276	$444,144
2019	$962,672	$598,928	$9,810,192	$363,744
2018	$803,447	$531,523	$7,828,614	$271,924

LOW INCOME HOUSING DEVELOPMENT CORP OF TERRE HAUTE