MOTHER THEODORE CORPORATION (EIN 351985001) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

DAVID L BONNETT

Phone

8122325083

Tax Period

2024-01-01 to 2024-12-31

MOTHER THEODORE CORPORATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $945K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

MOTHER THEODORE CORPORATION (THE CORPORATION) IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 150 UNIT APARTMENT FACILITY KNOWN AS GREENWOOD II (THE PROJECT) LOCATED IN TERRE HAUTE, INDIANA, WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE PROJECT IS FINANCED WITH A MORTGAGE THAT IS INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND IS, THEREFORE, REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $423,774

Program Service Revenue $481,093

Investment Income $5,647

Other Revenue $34,294

TOTAL REVENUE $944,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $918,317

Other Expenses $1,088,873

TOTAL EXPENSES $1,088,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$944,808	$912,589	+0.0%
Expenses	$1,088,873	$853,573	+0.3%
Net Income	$-144,065	$59,016	-3.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
DAVID L BONNETT	PRESIDENT	0.50	Officer Director	$0	$0	$0
JEANNE CONLEY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DONNA BUSCH	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
ROBERT MURRAY	DIRECTOR	0.50	Director	$0	$0	$0
JOANIE KANIZER	DIRECTOR	0.50	Director	$0	$0	$0
CANDY BARTON	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES WELKER	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD SHAGLEY II	DIRECTOR	0.50	Director	$0	$0	$0
YVONNE AVARY	ASSISTANT SECRETARY	0.50	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	$944,808	$1,088,873	$2,146,902	$-144,065
2023	$912,589	$853,573	$2,198,171	$59,016
2022	$839,370	$806,846	$2,137,486	$32,524
2021	$864,873	$834,752	$2,138,547	$30,121
2020	$819,923	$731,699	$2,155,770	$88,224
2019	$788,684	$839,024	$2,188,553	$-50,340
2018	$853,123	$751,093	$2,180,522	$102,030

MOTHER THEODORE CORPORATION