ROCK ISLAND COUNTY HOUSING FINANCE CORP (EIN 274689832) - 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

2013

Legal Domicile

Principal Officer

AMY CLARK

Phone

3097554527

Tax Period

2023-04-01 to 2024-03-31

ROCK ISLAND COUNTY HOUSING FINANCE CORP, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $2.7M left a modest 4% surplus.

Mission

TO FACILITATE RESIDENTIAL DEVELOPMENT FOR THE BENEFIT OF LOW-INCOME PERSONS IN THE ROCK ISLAND COUNTY COMMUNITY.

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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 $800,530

Program Service Revenue $1,896,766

Investment Income $63,095

Other Revenue $0

TOTAL REVENUE $2,760,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,278

Fundraising Expenses $0

Program Expenses $2,662,564

Other Expenses $2,528,286

TOTAL EXPENSES $2,662,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,760,391	$3,378,270	-0.2%
Expenses	$2,662,564	$2,869,230	-0.1%
Net Income	$97,827	$509,040	-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

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

$207,905

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WELLING	PRESIDENT	2.00	Officer Director	$0	$0	$0
REBECCA MCREYNOLDS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
THOMAS MEYER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HALLIGAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY FUHR	DIRECTOR	1.00	Director	$0	$0	$0
KATIE KING	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BRUNK	DIRECTOR	1.00	Director	$0	$0	$0
AMY CLARK	EXECUTIVE DIRECTOR	50.00	Officer	$0	$30,525	$207,905

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	$2,760,391	$2,662,564	$17,487,203	$97,827
2023	$3,378,270	$2,869,230	$17,211,675	$509,040
2022	$2,397,549	$1,951,516	$14,516,838	$446,033
2021	$1,965,763	$1,508,528	$11,670,859	$457,235
2020	$2,061,688	$138,559	$2,313,807	$1,923,129

ROCK ISLAND COUNTY HOUSING FINANCE CORP