TROY HOUSING OPPORTUNITY UNITED INC (EIN 310869375) - 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

1972

Legal Domicile

Principal Officer

DEWAYNE SMITH

Phone

9372780851

Tax Period

2023-07-01 to 2024-06-30

TROY HOUSING OPPORTUNITY UNITED INC, founded in 1972, is a small nonprofit that reported $543K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

ORGANIZED FOR CHARITABLE PURPOSES, OWNS, OPERATES AND MAINTAINS A HOUSING FACILITY FOR LOW-INCOME FAMILIES IN A 66 UNIT APARTMENT COMMUNITY IN TROY, OH.

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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 $342,268

Program Service Revenue $174,745

Investment Income $2,961

Other Revenue $23,204

TOTAL REVENUE $543,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $536,391

Other Expenses $574,886

TOTAL EXPENSES $574,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$543,178	$499,107	+0.1%
Expenses	$574,886	$539,874	+0.1%
Net Income	$-31,708	$-40,767	-0.2%

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
DEWAYNE SMITH	PRESIDENT	2.00	Officer Director	$0	$0	$0
RUTH DANE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM BEERBOWER	TREASURER	2.00	Officer Director	$0	$0	$0
NICK BRAUN	SECRETARY	2.00	Officer Director	$0	$0	$0
CAROL JACKSON	MEMBER	2.00	Director	$0	$0	$0
LINDA WILSON	MEMBER	2.00	Director	$0	$0	$0
LOWELL DAVIS	MEMBER	2.00	Director	$0	$0	$0
STEVE SHREFFLER	MEMBER	2.00	Director	$0	$0	$0
PHYLLIS DAWKINS	MEMBER	2.00	Director	$0	$0	$0
KIMA CUNNINGHAM	MEMBER	2.00	Director	$0	$0	$0
SUSAN BEERBOWER	MEMBER	2.00	Director	$0	$0	$0
LISA BOWMAN	MEMBER	2.00	Director	$0	$0	$0
COLLEEN PEASON	MEMBER	2.00	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	$543,178	$574,886	$937,240	$-31,708
2023	$499,107	$539,874	$1,049,522	$-40,767
2022	$492,217	$430,622	$1,112,034	$61,595
2021	$539,974	$481,501	$1,101,540	$58,473
2020	$471,564	$465,920	$1,066,867	$5,644
2019	$455,004	$516,343	$1,084,907	$-61,339

TROY HOUSING OPPORTUNITY UNITED INC