FIRST RICHLAND-MORROW HOUSING INC IX (EIN 341930438) - 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

2000

Legal Domicile

Principal Officer

OBIE STILLWELL

Phone

6148226990

Tax Period

2024-01-01 to 2024-12-31

FIRST RICHLAND-MORROW HOUSING INC IX, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $138K in total revenue in fiscal year 2024. Expenses of $193K exceeded revenue, resulting in a 39% 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 $67,241

Program Service Revenue $69,659

Investment Income $8

Other Revenue $1,449

TOTAL REVENUE $138,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,257

Fundraising Expenses $0

Program Expenses $154,035

Other Expenses $165,526

TOTAL EXPENSES $192,783

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,357	$133,402	+0.0%
Expenses	$192,783	$185,495	+0.0%
Net Income	$-54,426	$-52,093	+0.0%

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	$138,357	$192,783	$515,929	$-54,426
2023	$133,402	$185,495	$570,335	$-52,093
2022	$134,968	$177,829	$614,920	$-42,861
2021	$132,068	$208,231	$657,423	$-76,163
2020	$134,152	$179,599	$733,339	$-45,447
2019	$133,015	$165,315	$783,108	$-32,300
2018	$126,173	$176,962	$810,397	$-50,789

FIRST RICHLAND-MORROW HOUSING INC IX