TIPTON COUNTY HOUSING CORPORATION (EIN 310889504) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

NANCY NICHOLSON

Phone

3178344756

Tax Period

2024-01-01 to 2024-12-31

TIPTON COUNTY HOUSING CORPORATION, founded in 1974, is a small nonprofit that reported $261K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $247K left a modest 5% surplus.

Mission

PROVIDE LOW COST HOUSING FOR LOW INCOME SENIOR CITIZENS OF TIPTON COUNTY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $251,169

Investment Income $22

Other Revenue $9,310

TOTAL REVENUE $260,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,260

Fundraising Expenses $0

Program Expenses $193,950

Other Expenses $216,978

TOTAL EXPENSES $247,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$260,501	$210,941	+0.2%
Expenses	$247,238	$239,769	+0.0%
Net Income	$13,263	$-28,828	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
NANCY NICHOLSON	TREASURER	0.50	Officer Director	$0	$0	$0
LAVELLA BILLS	BOARD MEMBER	0.00	Director	$0	$0	$0
REX BOYER	BOARD MEMBER	0.00	Director	$0	$0	$0
MIKE ATKISSON	BOARD MEMBER	0.00	Director	$0	$0	$0
TOM DOLESAL	SECRETARY	0.00	Officer Director	$0	$0	$0
TIM HENSLEY	BOARD MEMBER	0.00	Director	$0	$0	$0
RALPH KAUFFMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
DAN STRAUB	PRESIDENT	0.00	Officer Director	$0	$0	$0
DAVID VORIS	VICE-PRESIDENT	0.00	Officer 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	$260,501	$247,238	$958,068	$13,263
2023	$210,941	$239,769	$966,990	$-28,828
2022	$28,287	$31,188	$1,012,692	$-2,901
2021	$42,495	$31,832	$1,051,259	$10,663
2020	$27,670	$32,111	$1,059,682	$-4,441
2019	$40,727	$42,577	$1,075,175	$-1,850
2018	$22,214	$42,394	$1,093,748	$-20,180

TIPTON COUNTY HOUSING CORPORATION