INGHAM COUNTY HOME ASSOCIATION

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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

1922

Legal Domicile

Principal Officer

PATRICIA HALL

Phone

5173398384

Tax Period

2021-10-01 to 2022-09-30

INGHAM COUNTY HOME ASSOCIATION, founded in 1922, is a micro nonprofit that reported $86K in total revenue in fiscal year 2021. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 1702% operating deficit.

Mission

PROVIDING GRANTS FOR AFFORDABLE HOUSING, CARE FOR THE ELDERLY AND ORGANIZATIONS SERVING WOMEN AND CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $1,533,916

PROVIDING GRANTS FOR HOUSING AND CARE FOR LOW INCOME ELDERLY PEOPLE. 108 UNITS AVAILABLE. ALSO TO PROVIDE GRANTS TO MISCELLANEOUS CHARITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $85,860

Other Revenue $0

TOTAL REVENUE $85,860

Expense Breakdown

Grants Paid $1,515,747

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,533,916

Other Expenses $31,722

TOTAL EXPENSES $1,547,469

Year-over-Year Comparison

	2021	2020	Change
Revenue	$85,860	$45,409	+0.9%
Expenses	$1,547,469	$284,856	+4.4%
Net Income	$-1,461,609	$-239,447	+5.1%

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

N/A

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
ROSEMARY CAHANEY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CLAUDIA DOOLEN	MEMBER AT LA	N/A	Director	$0	$0	$0
KELLY FLAGG	DIRECTOR	N/A	Director	$0	$0	$0
PATRICIA HALL	PRESIDENT	N/A	Officer Director	$0	$0	$0
CHERYL HOWE	SECRETARY	N/A	Officer Director	$0	$0	$0
JOANNE RICKS	DIRECTOR	N/A	Director	$0	$0	$0
BETTY ROBINSON	TREASURER	N/A	Officer Director	$0	$0	$0
NANCY WEBB	DIRECTOR	N/A	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
2022	$85,860	$1,547,469	No data	$-1,461,609
2021	$45,409	$284,856	$1,717,428	$-239,447
2020	$41,629	$233,512	$1,585,605	$-191,883
2019	$61,261	$312,090	$1,732,393	$-250,829