NATIONAL HOUSING ASSOCIATES INC (EIN 311502522) - 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

1997

Legal Domicile

Principal Officer

R WAYNE KOEHLER

Phone

6145057108

Tax Period

2024-01-01 to 2024-12-31

NATIONAL HOUSING ASSOCIATES INC, founded in 1997, is a micro nonprofit in the Housing & Shelter sector that reported $91K in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $255K exceeded revenue, resulting in a 181% operating deficit.

Mission

SUPPORTING AND DEVELOPING AFFORDABLE HOUSING IN THE MIDWEST.

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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 $0

Program Service Revenue $0

Investment Income $89,701

Other Revenue $820

TOTAL REVENUE $90,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,606

Fundraising Expenses $0

Program Expenses $134,712

Other Expenses $95,025

TOTAL EXPENSES $254,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,521	$528,288	-0.8%
Expenses	$254,631	$341,227	-0.3%
Net Income	$-164,110	$187,061	-1.9%

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

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

$110,000

Total Directors

$110,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R WAYNE KOEHLER	PRESIDENT	40.00	Officer Director	$110,000	$0	$110,000
MARY O'DOHERTY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID LINN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DIANE S EMMONS	SECRETARY	1.00	Officer Director	$0	$0	$0
SHARON CONSTANS	TRUSTEE	0.50	Director	$0	$0	$0
JOHN KIRCHER	TRUSTEE	0.50	Director	$0	$0	$0
KARA KOEHLER	TRUSTEE	0.50	Director	$0	$0	$0
JESSICA MOORMAN THRU 111524	TRUSTEE	0.50	Director	$0	$0	$0
KERSTIN PALMER	TRUSTEE	0.50	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
2024	$90,521	$254,631	$2,912,535	$-164,110
2023	$528,288	$341,227	$3,072,448	$187,061
2022	$79,125	$230,362	$2,805,738	$-151,237
2021	$122,100	$264,113	$3,063,422	$-142,013
2020	$266,673	$233,794	$3,205,494	$32,879
2019	$303,955	$276,737	$3,176,349	$27,218
2018	$208,266	$166,278	$3,171,931	$41,988

NATIONAL HOUSING ASSOCIATES INC