TUSTIN AFFORDABLE HOUSING CORPORATION (EIN 311663800) - 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

1999

Legal Domicile

Principal Officer

DENNIS J SWEENEY

Phone

9498520700

Tax Period

2024-01-01 to 2024-12-31

TUSTIN AFFORDABLE HOUSING CORPORATION, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $394K, a strong 20% operating margin.

Mission

TO PROVIDE LOW COST HOUSING TO OTHER THAN THE ELDERLY SO AS TO RELIEVE THE POOR AND DISTRESSED AND TO INCREASE THE INVENTORY OF LOW AND VERY LOW INCOME HOUSING.

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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 $1,971,561

Investment Income $20,970

Other Revenue $0

TOTAL REVENUE $1,992,531

Expense Breakdown

Grants Paid $255,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,552,750

Other Expenses $1,343,724

TOTAL EXPENSES $1,598,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,992,531	$1,864,836	+0.1%
Expenses	$1,598,724	$1,740,399	-0.1%
Net Income	$393,807	$124,437	+2.2%

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

N/A

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
DENNIS J SWEENEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS SIMONSEN	TREASURER	1.00	Officer Director	$0	$0	$0
DICK GOCHNAUER	DIRECTOR	1.00	Director	$0	$0	$0
CINDY DILLION	SECRETARY	1.00	Officer Director	$0	$0	$0
MITCH VANCE	VICE PRESIDENT	1.00	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
2024	$1,992,531	$1,598,724	$5,634,344	$393,807
2023	$1,864,836	$1,740,399	$5,387,279	$124,437
2022	$1,814,296	$1,556,851	$5,412,143	$257,445
2021	$1,678,464	$1,310,711	$5,295,650	$367,753
2020	$1,561,564	$1,346,741	$5,055,152	$214,823
2019	$1,481,986	$1,240,462	$4,956,001	$241,524
2018	$1,373,435	$1,284,820	$4,839,343	$88,615

TUSTIN AFFORDABLE HOUSING CORPORATION