MUNCIE HOME OWNERSHIP AND REVITALI… - 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

PENNY LEACH

Phone

7652826656

Tax Period

2020-10-01 to 2021-09-30

MUNCIE HOME OWNERSHIP AND REVITALIZATION INC, founded in 1988, is a small nonprofit that reported $117K in total revenue in fiscal year 2020. Revenue fell 56% from the prior year — a significant decline worth monitoring. Net assets of $892K represent 92 months of operating reserves.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT AND HOUSING REVITALIZATION IN THE CITY OF MUNCIE.

Program Service Accomplishments

Program 1

Expenses: $41,642 Revenue: $92,287

ECONOMIC DEVELOPMENT AND HOUSING REVITALIZATION IN THE CITY OF MUNCIE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $21,671

Program Service Revenue $92,287

Investment Income $0

Other Revenue $2,773

TOTAL REVENUE $116,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,300

Fundraising Expenses $0

Program Expenses $41,642

Other Expenses $76,715

TOTAL EXPENSES $114,015

Year-over-Year Comparison

	2020	2019	Change
Revenue	$116,731	$262,769	-0.6%
Expenses	$114,015	$256,371	-0.6%
Net Income	$2,716	$6,398	-0.6%

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

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

$58,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PENNY LEACH	EXECUTIVE DI	40.00	Officer	$58,187	$0	$58,187
JOANNA REECE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL ROST	DIRECTOR	1.00	Director	$0	$0	$0
JOY STEWART	SECRETARY/TR	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
2021	$116,731	$114,015	$975,098	$2,716
2020	$262,769	$256,371	$983,871	$6,398
2019	$337,258	$423,907	$984,196	$-86,649
2018	$575,162	$345,342	$1,048,523	$229,820

MUNCIE HOME OWNERSHIP AND REVITALIZATION INC