Paducah Housing Services Inc

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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

2006

Legal Domicile

Principal Officer

Lasica Allen McEwen

Phone

2704504238

Tax Period

2024-04-01 to 2025-03-31

Paducah Housing Services Inc, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $837K in total revenue in fiscal year 2024. Revenue surged 975% from the prior year, signaling strong growth momentum. The organization ran a surplus of $750K, a strong 90% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING IN PADUCAH, KY

Program Service Accomplishments

Program 1

Expenses: $87,447 Revenue: $837,222

TO ASSESS AND SATISFY NEEDS AND POSSIBILITIES FOR THE MAINTENANCE AND ENHANCEMENT OF HOUSING WITHIN THE CITY OF PADUCAH, KY. FURTHERMORE, THE ENTITY MAY ENGAGE IN OR ASSIST IN THE DEVELOPMENT...

TO ASSESS AND SATISFY NEEDS AND POSSIBILITIES FOR THE MAINTENANCE AND ENHANCEMENT OF HOUSING WITHIN THE CITY OF PADUCAH, KY. FURTHERMORE, THE ENTITY MAY ENGAGE IN OR ASSIST IN THE DEVELOPMENT, FINANCING, OR OPERATING OF SUCH HOUSING, AND ACT AS TRUSTEE AGENT, PARTICIPANT,PROJECT SUPERVISOR, OR OTHERWISE WITH RESPECT TO ANY HOUSING ASSISTANCE PROGRAM FINANCED BY THE SALE OF TAX FREE INTEREST OBLIGATIONS.

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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 $310,000

Program Service Revenue $0

Investment Income $65,815

Other Revenue $461,407

TOTAL REVENUE $837,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,447

Other Expenses $87,447

TOTAL EXPENSES $87,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$837,222	$77,867	+9.8%
Expenses	$87,447	$45,059	+0.9%
Net Income	$749,775	$32,808	+21.9%

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

$113,130

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Anderson	Former E.D.	4.00	Officer	$0	$0	$113,130
Melanie Nunn	Chairman	0.50	Officer Director	$0	$0	$0
John Buzz Vontesmar	Vice President	0.50	Officer Director	$0	$0	$0
Laura Taylor	Director	0.50	Director	$0	$0	$0
Lasica Allen McEwen	Current E.D.	8.00	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	$837,222	$87,447	$3,683,853	$749,775
2024	$77,867	$45,059	$2,551,385	$32,808
2023	$58,864	$26,772	$2,518,686	$32,092
2022	$51,016	$18,939	$2,486,663	$32,077
2021	$45,981	$19,033	$2,454,145	$26,948
2020	$62,211	$23,611	$2,427,223	$38,600
2019	$41,191	$15,584	$2,388,755	$25,607
2018	$63,292	$27,939	$2,362,493	$35,353