Trinity Acres Housing Corporat (EIN 363302551) - 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

1984

Legal Domicile

Principal Officer

Ken Dickerson

Phone

7739556603

Tax Period

2024-01-01 to 2024-12-31

Trinity Acres Housing Corporat, founded in 1984, is a small nonprofit that reported $878K in total revenue in fiscal year 2024.

Mission

Provides affordable housing for elderly and disabled in compiance with HUD assisted programs

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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 $0

Program Service Revenue $877,809

Investment Income $128

Other Revenue $503

TOTAL REVENUE $878,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,044

Fundraising Expenses $0

Program Expenses $913,851

Other Expenses $577,807

TOTAL EXPENSES $913,851

Year-over-Year Comparison

	2024	2023	Change
Revenue	$878,440	$885,402	0.0%
Expenses	$913,851	$770,451	+0.2%
Net Income	$-35,411	$114,951	-1.3%

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
Ken Dickerson	Board Chair	3	Officer Director	$0	$0	$0
M WILLIAMS	Vice Chair	3	Officer Director	$0	$0	$0
Deborah Turner	Secretary	3	Officer Director	$0	$0	$0
A McKinney	Director	3	Director	$0	$0	$0
Sokoni Karanja	Director	3	Director	$0	$0	$0
Roscoe Wade	Treasurer	3	Officer Director	$0	$0	$0
Morris Allen	Director	3	Director	$0	$0	$0
Kenneth Harris	Director	3	Director	$0	$0	$0
C Anderson	Director	3	Director	$0	$0	$0
Karolyn Bobo	Karolyn Bobo	3	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	$878,440	$913,851	$765,995	$-35,411
2023	$882,202	$859,528	$714,273	$22,674
2022	$778,254	$972,817	$791,455	$-194,563
2021	$823,947	$889,882	$899,290	$-65,935
2020	$909,534	$1,068,144	$982,766	$-158,610
2019	$1,067,218	$1,121,229	$1,105,985	$-54,011
2018	$1,023,768	$1,069,248	$1,157,246	$-45,480

Trinity Acres Housing Corporat