SOUTH CENTRAL MICHIGAN HOUSING CORP (EIN 382180899) - 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

1973

Legal Domicile

Principal Officer

BARBARA FREDERICK

Phone

2693491000

Tax Period

2024-01-01 to 2024-12-31

SOUTH CENTRAL MICHIGAN HOUSING CORP, founded in 1973, is a small nonprofit that reported $249K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $237K left a modest 5% surplus.

Mission

LOW INCOME HOUSING.

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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 $249,589

Investment Income $-256

Other Revenue $0

TOTAL REVENUE $249,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,050

Fundraising Expenses $0

Program Expenses $179,829

Other Expenses $212,253

TOTAL EXPENSES $237,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,333	$193,620	+0.3%
Expenses	$237,303	$230,632	+0.0%
Net Income	$12,030	$-37,012	-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

N/A

Volunteers

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
BARBARA FREDERICK	PRESIDENT	0.50	Officer Director	$0	$0	$0
MARCIA WELKER	SECRETARY	0.50	Officer Director	$0	$0	$0
WALTER HANSON	TREASURER	0.50	Officer Director	$0	$0	$0
BLAINE WELKER	BOARD MEMBER	0.50	Director	$0	$0	$0
CYNDY WRIGHT	BOARD MEMBER	0.50	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	$249,333	$237,303	$294,786	$12,030
2023	$193,620	$230,632	$311,134	$-37,012
2022	$224,438	$264,348	$366,994	$-39,910
2021	$218,482	$250,315	$430,961	$-31,833
2020	$224,342	$218,268	$486,336	$6,074
2019	$209,560	$226,888	$500,921	$-17,328
2018	$218,850	$220,328	$532,792	$-1,478

SOUTH CENTRAL MICHIGAN HOUSING CORP