SALISBURY HOUSING TRUST (EIN 352160939) - 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

1992

Legal Domicile

Principal Officer

JOHN HARNEY

Phone

8604359407

Tax Period

2024-01-01 to 2024-12-31

SALISBURY HOUSING TRUST, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $432K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $354K, a strong 82% operating margin.

Mission

AFFORDABLE HOUSING FOR SALISBURY CT

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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 $423,568

Program Service Revenue $8,400

Investment Income $110

Other Revenue $0

TOTAL REVENUE $432,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,326

Program Expenses $64,154

Other Expenses $78,156

TOTAL EXPENSES $78,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$432,078	$561,726	-0.2%
Expenses	$78,156	$366,127	-0.8%
Net Income	$353,922	$195,599	+0.8%

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

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
LEO GAFNEY	TRUSTEE EMERITUS	2.00	Director	$0	$0	$0
RYAN COOPER	TRUSTEE	1.00	Director	$0	$0	$0
JUDY GAFNEY	TRUSTEE	1.00	Director	$0	$0	$0
JANET MANKO	TRUSTEE	1.00	Director	$0	$0	$0
MC TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
ERIC ROSEN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN HARNEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARGARET MONACO	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER KRONHOLM CLARK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN SUNNARBORG	SECRETARY	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
2024	$432,078	$78,156	$1,900,196	$353,922
2023	$561,726	$366,127	$1,396,274	$195,599
2022	$39,917	$23,499	$476,462	$16,418
2022	$39,794	$24,566	$1,521,721	$15,228
2021	$41,600	$9,888	$65,553	$31,712
2020	$35,203	$17,135	$33,841	$18,068
2019	$-453,336	$33,054	$15,773	$-486,390
2018	$30,350	$17,048	$717,122	$13,302

SALISBURY HOUSING TRUST