MORTON COUNTY HOUSING CORP

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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

2025-01-01 to 2025-12-31

MORTON COUNTY HOUSING CORP, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2025. The organization ran a surplus of $304K, a strong 24% operating margin.

Mission

THE CORPORATION PROVIDES AFFORDABLE HOUSING FOR MODERATE AND LOW-INCOME INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $812,617 Revenue: $1,244,827

TO PROVIDE AFFORDABLE HOUSING FOR MODERATE AND LOW-INCOME INDIVIDUALS. IN 2022, THE ORGANIZATION HAD 178 UNITS THAT PROVIDED HOUSING TO INDIVIDUALS WHO ARE 55 YEARS OF AGE AND OLDER.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,242,634

Investment Income $41,292

Other Revenue $2,193

TOTAL REVENUE $1,286,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,773

Fundraising Expenses $0

Program Expenses $812,617

Other Expenses $751,167

TOTAL EXPENSES $981,940

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,286,119	$1,231,308	+0.0%
Expenses	$981,940	$942,997	+0.0%
Net Income	$304,179	$288,311	+0.1%

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	10.00	Officer	$0	$0	$0
KAYLA GOLKE	MANAGING AGENT	10.00	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
2025	$1,286,119	$981,940	$3,918,792	$304,179
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