KALAMAZOO VALLEY HABITAT FOR HUMANITY INC (EIN 382558965) - 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

1983

Legal Domicile

Principal Officer

LISA CARRIVEAU

Phone

2693442443

Tax Period

2023-07-01 to 2024-06-30

KALAMAZOO VALLEY HABITAT FOR HUMANITY INC, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Expenses of $2.0M left a modest 3% surplus.

Mission

ACQUIRING LAND AND HOMES FOR THE PURPOSE OF BUILDING NEW HOMES, AND RENOVATING EXISTING HOMES TO SELL TO VERY LOW INCOME FAMILIES UNDER INTEREST FREE LAND CONTRACTS OR MORTGAGES. THE HOMES ARE LOCATED IN URBAN AREAS OF KALAMAZOO COUNTY, WHICH ARE GENERALLY CONSIDERED TO BE ECONOMICALLY DEPRESSED. HABITAT'S SUPPORT COMES PRIMARILY FROM THE SALE OF HOMES, VARIOUS GOVERNMENT GRANTS AND CONTRIBUTIONS FROM INDIVIDUAL DONORS AND VARIOUS ORGANIZATIONS. KALAMAZOO VALLEY HABITAT FOR HUMANITY HAS IMPLEMENTED A HOME REPAIR PROGRAM, TO HELP MEET THE CHANGING NEEDS OF THE COMMUNITIES WE SERVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $854,446

Program Service Revenue $1,088,667

Investment Income $48,635

Other Revenue $22,251

TOTAL REVENUE $2,013,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $829,121

Fundraising Expenses $0

Program Expenses $1,950,470

Other Expenses $1,121,622

TOTAL EXPENSES $1,950,743

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,013,999	$1,915,376	+0.1%
Expenses	$1,950,743	$2,579,901	-0.2%
Net Income	$63,256	$-664,525	-1.1%

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

$7,857

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA THRASH	EXEC. DIRECT	40.00	Officer	$7,857	$0	$7,857
SCOTT STEVEN CHU	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA CARRIVEAU	PRESIDENT	2.00	Officer Director	$0	$0	$0
RENITA ELLIS	SECRETARY	2.00	Officer Director	$0	$0	$0
BRENDAN GAUTHIER	BOARD MEMBER	2.00	Director	$0	$0	$0
ROSS KEILEN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
THOMAS LABRENZ	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE OLIPHANT	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
JOHN SCHUEMANN	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSHUWA SCHOIBER	TREASURER	2.00	Officer Director	$0	$0	$0
THOM VICTOR	BOARD MEMBER	2.00	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	$2,013,999	$1,950,743	$4,715,418	$63,256
2023	$1,928,819	$2,584,247	$4,262,726	$-655,428
2023	$1,915,376	$2,579,901	$4,328,178	$-664,525
2022	$2,224,983	$2,266,802	$4,550,751	$-41,819
2021	$2,185,377	$1,626,087	$4,972,565	$559,290
2020	$1,355,734	$1,409,193	$4,340,472	$-53,459
2019	$1,576,728	$1,841,107	$4,274,147	$-264,379
2018	$1,659,395	$1,748,879	$4,465,262	$-89,484

KALAMAZOO VALLEY HABITAT FOR HUMANITY INC