KNOX COUNTY RURAL HOUSING FINANCE … - 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

1993

Legal Domicile

Principal Officer

STEVE SPIDEL

Phone

8127452200

Tax Period

2023-01-01 to 2023-12-31

KNOX COUNTY RURAL HOUSING FINANCE CORP, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $312K in total revenue in fiscal year 2023. Expenses of $459K exceeded revenue, resulting in a 47% operating deficit.

Mission

TO PROVIDE HOUSING TO LOW INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $458,653 Revenue: $311,769

OPERATIONAL COSTS FOR APARTMENTS IN OAKTOWN, MONROE CITY, AND BICKNELL FOR LOW INCOME CLIENTS AND LOW INCOME ELDERLY CLIENTS.

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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 $0

Program Service Revenue $307,043

Investment Income $3

Other Revenue $4,723

TOTAL REVENUE $311,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,847

Fundraising Expenses $0

Program Expenses $458,653

Other Expenses $372,806

TOTAL EXPENSES $458,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,769	$300,440	+0.0%
Expenses	$458,653	$448,344	+0.0%
Net Income	$-146,884	$-147,904	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

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
TAMMY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHNNY STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM POWELL	PRESIDENT	1.00	Officer	$0	$0	$0
THERESA BURRESS	TREASURER	3.00	Officer	$0	$0	$0
STEVE SPIDEL	VICE PRESIDENT	1.00	Officer	$0	$0	$0
KATRI A CLODFELDER	SECRETARY	1.00	Officer	$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	$311,769	$458,653	$1,020,533	$-146,884
2022	$300,440	$448,344	$1,152,764	$-147,904
2021	$252,491	$405,397	$1,302,798	$-152,906
2020	$230,891	$385,636	$1,471,006	$-154,745
2019	$254,931	$374,974	$1,626,280	$-120,043
2018	$262,008	$401,115	$1,780,242	$-139,107

KNOX COUNTY RURAL HOUSING FINANCE CORP