BLUE RIVER 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

1984

Legal Domicile

Principal Officer

KENNETH MONTGOMERY

Phone

8103854463

Tax Period

2024-10-01 to 2025-09-30

BLUE RIVER HOUSING CORP, founded in 1984, is a small nonprofit in the Mental Health sector that reported $402K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $1.5M represent 45 months of operating reserves.

Mission

TO PROVIDE SERVICES TO DISABLED AND MENTALLY IMPAIRED INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $396,693 Revenue: $353,288

BLUE RIVER HOUSING PROVIDES HOMES FOR CMH HOUSING PROGRAMS FOR DISABLED AND MENTALLY IMPAIRED INDIVIDUALS, ALONG WITH MAINTENANCE FOR BOTH CMH AND HUD 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 $353,288

Investment Income $30,874

Other Revenue $17,832

TOTAL REVENUE $401,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,300

Fundraising Expenses $0

Program Expenses $396,693

Other Expenses $170,226

TOTAL EXPENSES $415,526

Year-over-Year Comparison

	2024	2023	Change
Revenue	$401,994	$514,666	-0.2%
Expenses	$415,526	$466,683	-0.1%
Net Income	$-13,532	$47,983	-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

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

$12,898

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANNA MAXWELL	TRUSTEE	0.25	Director	$0	$0	$0
EDWARD SCHULTZ	PRESIDENT	2.00	Officer	$12,898	$0	$12,898
KENNETH MONTGOMERY	VICE PRESIDENT	0.25	Officer	$0	$0	$0
DAVID OPPLIGER	SECRETARY	0.25	Officer	$0	$0	$0
PETER IRLAND	TREASURER	0.25	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	$401,994	$415,526	$1,671,914	$-13,532
2024	No data	No data	No data	No data
2023	$426,094	$377,544	$1,483,568	$48,550
2022	$589,557	$554,666	$1,473,827	$34,891
2021	$647,700	$547,423	$1,487,968	$100,277
2020	$599,215	$545,739	$1,476,725	$53,476
2019	$639,693	$606,621	$1,400,851	$33,072
2018	$432,646	$467,887	$1,414,894	$-35,241