LORAIN COUNTY HABITAT FOR HUMANITY… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

JOHN BARNES

Phone

4409843343

Tax Period

2021-07-01 to 2022-06-30

LORAIN COUNTY HABITAT FOR HUMANITY INC, founded in 1988, is a small nonprofit that reported $493K in total revenue in fiscal year 2021. Revenue decreased 20% compared to the prior year. Expenses of $439K left a modest 11% surplus.

Mission

HABITAT FOR HUMANITY ENGAGES IN ACTIVITIES THAT PROMOTE AND SUPPORT COMMUNITY DEVELOPMENT IN LORAIN COUNTY BY SERVING LOWER-INCOME RESIDENTS AND STRUGGLING NEIGHBORHOODS

Program Service Accomplishments

Program 1

Expenses: $348,646 Revenue: $0

HABITAT CONSTRUCTED SINGLE-FAMILY DWELLINGS FOR LOW-INCOME FAMILIES AND PROVIDED ASSISTANCE WITH MAINTENANCE AND UPKEEP OF THE COUNTY'S EXISTING INVENTORY OF HOUSING. IN ADDITION MULTIPLE NEW SITES...

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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 (2021)

Revenue Breakdown

Contributions & Grants $64,969

Program Service Revenue $0

Investment Income $228

Other Revenue $427,842

TOTAL REVENUE $493,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,835

Fundraising Expenses $10,042

Program Expenses $348,646

Other Expenses $237,699

TOTAL EXPENSES $438,534

Year-over-Year Comparison

	2021	2020	Change
Revenue	$493,039	$613,534	-0.2%
Expenses	$438,534	$433,637	+0.0%
Net Income	$54,505	$179,897	-0.7%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER SNAHNICAN	SECRETARY	4.00	Officer Director	$0	$0	$0
D SCOTT CHRISTMAN	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JOSH LAMB	TRUSTEE	4.00	Director	$0	$0	$0
MATT HARKINS	TRUSTEE	4.00	Director	$0	$0	$0
PETE VELICONIA	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOHN BARNES	TREASURER	4.00	Officer Director	$0	$0	$0
JEFFREY L CRAIGO	TRUSTEE	4.00	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
2022	$493,039	$438,534	$2,713,812	$54,505
2021	$613,534	$433,637	$2,732,436	$179,897
2020	$370,511	$424,462	$2,566,684	$-53,951
2019	$532,520	$481,536	$2,610,149	$50,984
2018	$605,445	$562,587	$2,577,415	$42,858

LORAIN COUNTY HABITAT FOR HUMANITY INC