FIRST RICHLAND-MORROW HOUSING INC VI (EIN 341830396) - 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

1996

Legal Domicile

Principal Officer

OBIE STILLWELL

Phone

6148226990

Tax Period

2024-01-01 to 2024-12-31

FIRST RICHLAND-MORROW HOUSING INC VI, founded in 1996, is a small nonprofit in the Human Services sector that reported $188K in total revenue in fiscal year 2024. Expenses of $215K exceeded revenue, resulting in a 14% operating deficit.

Mission

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 $94,103

Program Service Revenue $92,614

Investment Income $7

Other Revenue $1,381

TOTAL REVENUE $188,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,908

Fundraising Expenses $0

Program Expenses $164,337

Other Expenses $174,907

TOTAL EXPENSES $214,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,105	$179,938	+0.0%
Expenses	$214,815	$222,232	0.0%
Net Income	$-26,710	$-42,294	-0.4%

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
DREMA AUKERMAN	CHAIRMAN	0.25	Officer Director	$0	$0	$0
RODNEY MANGHAM	MEMBER	0.25	Director	$0	$0	$0
RONDREA MCCRUTER	MEMBER	0.25	Director	$0	$0	$0
MARY MCDONALD	TREASURER	0.25	Officer Director	$0	$0	$0
CLARINE MURPHY	MEMBER	0.25	Director	$0	$0	$0
KATHRYN POLING	MEMBER	0.25	Director	$0	$0	$0
TIFFANY RANFT	SECRETARY	0.25	Director	$0	$0	$0
OBIE STILLWELL	EXECUTIVE DI	0.25	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	$188,105	$214,815	$375,095	$-26,710
2023	$179,938	$222,232	$443,444	$-42,294
2022	$169,719	$219,318	$430,918	$-49,599
2021	$174,173	$227,514	$480,996	$-53,341
2020	$173,113	$194,422	$530,215	$-21,309
2019	$165,033	$194,395	$550,253	$-29,362
2018	$156,298	$210,414	$590,738	$-54,116

FIRST RICHLAND-MORROW HOUSING INC VI