HABITAT FOR HUMANITY - GRAND TRAVE… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

WENDY IRVIN

Phone

2319414663

Tax Period

2024-01-01 to 2024-12-31

HABITAT FOR HUMANITY - GRAND TRAVERSE REGION, founded in 1987, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $921K, a strong 20% operating margin.

Mission

HABITAT FOR HUMANITY - GRAND TRAVERSE REGION IS AN ECUMENICAL CHRISTIAN HOUSING MINISTRY. THE ORGANIZATION WORKS IN PARTNERSHIP WITH PEOPLE TO IMPROVE THE CONDITIONS IN WHICH THEY LIVE BY PROVIDING AFFORDABLE HOUSING. HABITAT CHALLENGES PEOPLE OF COMPASSION TO PROVIDE THE INITIAL CAPITAL THROUGH GIFTS AND NO-INTEREST LOANS TO BUILD OR RENOVATE SIMPLE, DECENT HOMES FOR THE INADEQUATELY SHELTERED.

Program Service Accomplishments

Program 1

Expenses: $3,083,647 Revenue: $2,256,714

THE CREATION OF AFFORDABLE HOUSING FOR THOSE IN NEED AND TO MAKE THE ISSUE OF SHELTER A MATTER OF CONSCIENCE WITH PEOPLE EVERYWHERE. DURING THE YEAR ENDED 12/31/24, SIX HOMES AND FOURTEEN HOME...

THE CREATION OF AFFORDABLE HOUSING FOR THOSE IN NEED AND TO MAKE THE ISSUE OF SHELTER A MATTER OF CONSCIENCE WITH PEOPLE EVERYWHERE. DURING THE YEAR ENDED 12/31/24, SIX HOMES AND FOURTEEN HOME REPAIRS WERE PROVIDED TO FAMILIES IN NEED.

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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 $1,694,425

Program Service Revenue $2,225,631

Investment Income $42,057

Other Revenue $566,022

TOTAL REVENUE $4,528,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,147,595

Fundraising Expenses $328,669

Program Expenses $3,083,647

Other Expenses $2,459,686

TOTAL EXPENSES $3,607,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,528,135	$2,726,921	+0.7%
Expenses	$3,607,281	$2,999,888	+0.2%
Net Income	$920,854	$-272,967	-4.4%

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

181

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

$148,303

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER HUDSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS MILLIRON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHUCK KENDALL	TREASURER	2.00	Officer Director	$0	$0	$0
DEBORAH E HAASE	SECRETARY	2.00	Officer Director	$0	$0	$0
FRANK SIEPKER JR	MEMBER AT LARGE	2.00	Director	$0	$0	$0
KENNETH BABCOCK	DIRECTOR	2.00	Director	$0	$0	$0
STEVE HASKIN	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS HACKBARTH	DIRECTOR	2.00	Director	$0	$0	$0
DOUGLAS LUCIANI	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW WEAVER	DIRECTOR	2.00	Director	$0	$0	$0
PAUL BUSEKIST	DIRECTOR	2.00	Director	$0	$0	$0
BRANDIE EKREN	DIRECTOR	2.00	Director	$0	$0	$0
AL EVERETT	DIRECTOR	2.00	Director	$0	$0	$0
DES WORTHINGTON	DIRECTOR	2.00	Director	$0	$0	$0
WENDY IRVIN	CEO	40.00	Officer	$139,003	$9,300	$148,303

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	$4,528,135	$3,607,281	$4,665,686	$920,854
2023	$2,726,921	$2,999,888	$3,873,912	$-272,967
2022	$2,449,586	$2,671,916	$3,380,949	$-222,330
2021	$2,178,774	$1,800,248	$3,597,161	$378,526
2020	$1,802,624	$1,406,886	$3,235,878	$395,738
2019	$1,565,404	$1,609,061	$2,490,457	$-43,657
2018	$1,253,899	$1,566,253	$1,377,984	$-312,354

HABITAT FOR HUMANITY - GRAND TRAVERSE REGION