RUSH HOMES INC (EIN 311519694) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

TRACEY BALLAGH

Phone

4344552120

Tax Period

2024-01-01 to 2024-12-31

RUSH HOMES INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $847K in total revenue in fiscal year 2019. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $354K, a strong 42% operating margin.

Mission

TO CREATE AFFORDABLE HOUSING IN THE LYNCHBURG REGION FOR LOW-INCOME FAMILIES WITH DISABILITIES THROUGH DEVELOPMENT, ADVOCACY, AND SUPPORT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $726,720

Program Service Revenue $551,096

Investment Income $178,164

Other Revenue $205,046

TOTAL REVENUE $1,661,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $630,642

Fundraising Expenses $176,652

Program Expenses $728,154

Other Expenses $480,089

TOTAL EXPENSES $1,110,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,661,026	$1,055,133	+0.6%
Expenses	$1,110,731	$768,320	+0.4%
Net Income	$550,295	$286,813	+0.9%

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

Total Directors

Key Employees

$96,289

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK PONTIUS	DIRECTOR	1.00	Director	$0	$0	$0
CATHIE JOSEPH	DIRECTOR	1.00	Director	$0	$0	$0
JAMES COLEMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARI SMALLSHAW	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE SMALLSHAW	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBIN FOUTZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DOUCETTE	DIRECTOR	1.00	Director	$0	$0	$0
MARC CORBETT	DIRECTOR	1.00	Director	$0	$0	$0
BILL SANFORD	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER WOOFTER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY HILBISH	DIRECTOR	1.00	Director	$0	$0	$0
WALTER VIRGIL	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY BALLAGH	EXECUTIVE DIRECTOR	40.00	Key Emp	$86,872	$9,417	$96,289

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	No data	No data	No data	No data
2024	$1,661,026	$1,110,731	$9,989,612	$550,295
2023	$1,055,133	$768,320	$5,039,031	$286,813
2023	$520,899	$806,804	$4,560,518	$-285,905
2022	$862,448	$693,336	$6,591,589	$169,112
2021	$850,808	$527,917	$4,774,924	$322,891
2020	$684,764	$522,591	$4,590,655	$162,173
2019	$846,724	$493,032	$4,437,010	$353,692

RUSH HOMES INC