MORTON COUNTY HOUSING CORP (EIN 363669001) - 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

1989

Legal Domicile

Principal Officer

RICK HORN

Phone

7016637494

Tax Period

2024-01-01 to 2024-12-31

MORTON COUNTY HOUSING CORP, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $288K, a strong 23% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR MODERATE AND LOW-INCOME INDIVIDUALS.

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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 $1,197,719

Investment Income $31,763

Other Revenue $1,826

TOTAL REVENUE $1,231,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,151

Fundraising Expenses $0

Program Expenses $778,390

Other Expenses $726,846

TOTAL EXPENSES $942,997

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,231,308	$1,200,184	+0.0%
Expenses	$942,997	$949,684	0.0%
Net Income	$288,311	$250,500	+0.2%

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
RON CARRICK	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ROB OSTER	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY KELSCH	DIRECTOR	1.00	Director	$0	$0	$0
ROB KNOLL	DIRECTOR	1.00	Director	$0	$0	$0
LAURA HELBLING	DIRECTOR	1.00	Director	$0	$0	$0
RICK HORN	MANAGING AGENT	20.00	Officer	$0	$0	$0
STACY KRAMER END 33124	MANAGING AGENT	20.00	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	$1,231,308	$942,997	$3,616,734	$288,311
2023	$1,200,184	$949,684	$3,329,492	$250,500
2022	$1,127,513	$1,015,850	$3,061,030	$111,663
2021	$1,101,845	$960,319	$2,938,507	$141,526
2020	$1,083,992	$922,470	$2,790,851	$161,522
2019	$1,062,288	$908,577	$2,630,909	$153,711
2018	$1,069,744	$888,775	$2,582,315	$180,969

MORTON COUNTY HOUSING CORP