MIDLANDS HOUSING TRUST FUND (EIN 274149384) - 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

2010

Legal Domicile

Principal Officer

JEFFREY ALLEN

Phone

8037643976

Tax Period

2024-07-01 to 2025-06-30

MIDLANDS HOUSING TRUST FUND, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $379K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $157K, a strong 41% operating margin.

Mission

THE ORGANIZATION WILL CREATE AND PRESERVE THE STOCK OF AFFORDABLE HOUSING IN THE CENTRAL MIDLANDS

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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 $226,612

Program Service Revenue $125,299

Investment Income $23,863

Other Revenue $2,946

TOTAL REVENUE $378,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,975

Fundraising Expenses $14,219

Program Expenses $109,414

Other Expenses $139,037

TOTAL EXPENSES $222,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$378,720	$436,132	-0.1%
Expenses	$222,012	$202,297	+0.1%
Net Income	$156,708	$233,835	-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

$68,830

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY ALLEN	CHAIR	3.00	Officer Director	$0	$0	$0
PEYTON BRYANT	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
AMANDA KOEHLER	TREASURER	2.00	Officer Director	$0	$0	$0
JAMIE DEVINE	SECRETARY	1.00	Officer Director	$0	$0	$0
ELLIS BLEAKLEY	MEMBER	0.50	Director	$0	$0	$0
TOMMY HARRIS	MEMBER	0.50	Director	$0	$0	$0
JOHN MCLEAN	MEMBER	0.50	Director	$0	$0	$0
KYLE MICHEL	MEMBER	1.00	Director	$0	$0	$0
JEFFREY LARIMORE	EXECUTIVE DIRECTOR	25.00	Officer	$68,830	$0	$68,830

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	$378,720	$222,012	$3,216,241	$156,708
2024	No data	No data	No data	No data
2023	$621,490	$182,321	$2,991,708	$439,169
2022	$697,145	$156,923	$2,506,175	$540,222
2021	$174,196	$100,982	$2,586,096	$73,214
2020	$239,851	$111,324	$1,342,523	$128,527
2019	$131,369	$158,524	$1,232,835	$-27,155
2018	$208,711	$105,191	$1,274,588	$103,520

MIDLANDS HOUSING TRUST FUND