HURON HOUSING CORPORATION (EIN 341740016) - 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

1993

Legal Domicile

Principal Officer

LOWELL ETZLER

Phone

6144524184

Tax Period

2023-01-01 to 2023-12-31

HURON HOUSING CORPORATION, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $298K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $368K exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDE HOUSING FOR THE ELDERLY AND HANDICAPPED.

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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 $118,617

Program Service Revenue $175,862

Investment Income $1,707

Other Revenue $1,901

TOTAL REVENUE $298,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $336,007

Other Expenses $368,424

TOTAL EXPENSES $368,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,087	$245,296	+0.2%
Expenses	$368,424	$340,268	+0.1%
Net Income	$-70,337	$-94,972	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA RAFTERY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
REBECCA ASEWEJE	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY BINKLEY	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE CHASNEY	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN DILLON	DIRECTOR	1.00	Director	$0	$0	$0
JANICE W WARNER	CEO	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	No data	No data	No data	No data
2023	$298,087	$368,424	$817,398	$-70,337
2022	$245,296	$340,268	$868,423	$-94,972
2021	$248,326	$314,807	$943,476	$-66,481
2020	$243,243	$327,328	$995,393	$-84,085
2019	$291,868	$319,302	$1,084,523	$-27,434
2018	$440,410	$359,265	$1,146,322	$81,145

HURON HOUSING CORPORATION