ECHO HOUSING CORPORATION (EIN 351831922) - 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

1991

Legal Domicile

Principal Officer

SAVANNAH WOOD

Phone

8124238422

Tax Period

2023-01-01 to 2023-12-31

ECHO HOUSING CORPORATION, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 30% operating margin.

Mission

TO ACQUIRE, REHABILITATE, AND DEVELOP PROPERTY FOR THE PURPOSE OFPROVIDING HOUSING TO HOMELESS, NEAR HOMELESS, AND OTHER LOW INCOMEFAMILIES.

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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 $3,328,250

Program Service Revenue $378,728

Investment Income $51,322

Other Revenue $15,395

TOTAL REVENUE $3,773,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $803,732

Fundraising Expenses $50,174

Program Expenses $2,402,793

Other Expenses $1,820,300

TOTAL EXPENSES $2,624,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,773,695	$2,170,041	+0.7%
Expenses	$2,624,032	$1,763,777	+0.5%
Net Income	$1,149,663	$406,264	+1.8%

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

$157,879

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROY D CHANDLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON FISHER	TREASURER	1.00	Officer Director	$0	$0	$0
KENDRA NANCE	BOARD MEMBER	1.00	Director	$0	$0	$0
REV GERALD ARNOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERYL HOOSIER	BOARD MEMBER	1.00	Director	$0	$0	$0
DARLA OLBERDING	BOARD MEMBER	1.00	Director	$0	$0	$0
LU PORTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LUCY HIMSTEDT	SECRETARY	1.00	Officer Director	$0	$0	$0
BEAU DIAL	BOARD MEMBER	1.00	Director	$0	$0	$0
SAVANNAH WOOD	CHIEF EXECUTIVE OFFICER	40.00	Officer	$78,967	$0	$78,967
ERIK TILKEMEIER	CHIEF OPERATING OFFICER	40.00	Officer	$78,912	$0	$78,912

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	$3,773,695	$2,624,032	$9,183,610	$1,149,663
2022	$2,170,041	$1,763,777	$7,696,141	$406,264
2021	$1,961,180	$1,649,462	$7,281,805	$311,718
2020	$1,556,596	$1,558,627	$7,069,744	$-2,031
2019	$1,790,107	$1,645,795	$7,100,830	$144,312
2018	$2,745,559	$1,417,740	$7,101,188	$1,327,819

ECHO HOUSING CORPORATION