THE HOUSING NETWORK OF HAMILTON COUNTY INC (EIN 311357782) - 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

1992

Legal Domicile

Principal Officer

GINA GEHM

Phone

5136192974

Tax Period

2023-01-01 to 2023-12-31

THE HOUSING NETWORK OF HAMILTON COUNTY INC, founded in 1992, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $14.4M exceeded revenue, resulting in a 552% operating deficit.

Mission

TO PROVIDE QUALITY, AFFORDABLE, ACCESSIBLE HOMES FOR RESIDENTS WITH DISABILITIES OF HAMILTON COUNTY TO FOSTER AND ENCOURAGE INDEPENDENCE IN THEIR 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 $779,050

Program Service Revenue $1,376,016

Investment Income $32,973

Other Revenue $18,705

TOTAL REVENUE $2,206,744

Expense Breakdown

Grants Paid $12,670,516

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,221,870

Other Expenses $1,712,019

TOTAL EXPENSES $14,382,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,206,744	$2,552,742	-0.1%
Expenses	$14,382,535	$1,554,087	+8.3%
Net Income	$-12,175,791	$998,655	-13.2%

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

$193,303

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK TAYLOR	SECRETARY	1.00	Officer Director	$0	$0	$0
LASSERRE BRADLEY	TRUSTEE	1.00	Director	$0	$0	$0
MIKE EHRENSBERGER	TRUSTEE	1.00	Director	$0	$0	$0
BARB NEMAN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE NEWSOME	TRUSTEE	1.00	Director	$0	$0	$0
KIRK PAISLEY	TRUSTEE	1.00	Director	$0	$0	$0
JOSH SVARDA	TRUSTEE	1.00	Director	$0	$0	$0
MELANIE BECK	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
GINA GEHM	EXECUTIVE DIRECTOR	12.00	Officer	$0	$12,418	$193,303

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
2023	$2,206,744	$14,382,535	No data	$-12,175,791
2022	$2,552,742	$1,554,087	$12,379,294	$998,655
2021	$3,227,553	$1,336,166	$11,770,776	$1,891,387
2020	$4,051,326	$1,001,103	$9,697,507	$3,050,223
2019	$1,525,199	$980,789	$6,352,228	$544,410
2018	$1,484,601	$910,166	$5,899,059	$574,435

THE HOUSING NETWORK OF HAMILTON COUNTY INC