BIG RAPIDS HOUSING COMMISSION (EIN 382884843) - 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

1998

Legal Domicile

Principal Officer

LINDA MILLER

Phone

2317968689

Tax Period

2022-04-01 to 2023-03-31

BIG RAPIDS HOUSING COMMISSION, founded in 1998, is a micro nonprofit in the Housing & Shelter sector that reported $10K in total revenue in fiscal year 2022. Revenue fell 125% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE AFFORDABLE 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,896

Investment Income $-41,585

Other Revenue $5,087

TOTAL REVENUE $-9,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,105

Fundraising Expenses $0

Program Expenses $24,158

Other Expenses $25,517

TOTAL EXPENSES $31,622

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-9,602	$37,822	-1.3%
Expenses	$31,622	$40,826	-0.2%
Net Income	$-41,224	$-3,004	+12.7%

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

$137,586

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SOCHOCKI	PAST EXEC DI	1.00	Officer	$0	$0	$137,586
LINDA MILLER	EXECUTIVE DI	1.00	Officer	$0	$0	$0
DAN FARROW	PRESIDENT	1.00	Officer Director	$0	$0	$0
CARLLEEN ROSE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SUSAN SIMS	DIRECTOR	1.00	Director	$0	$0	$0
JANE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
RUTH YORK	DIRECTOR	1.00	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
2023	$-9,602	$31,622	$372,554	$-41,224
2022	$37,822	$40,826	$632,999	$-3,004
2021	$179,067	$41,390	$681,042	$137,677
2020	$72,118	$44,897	$839,850	$27,221
2019	$101,376	$43,685	$589,869	$57,691
2018	$33,923	$30,292	$494,324	$3,631

BIG RAPIDS HOUSING COMMISSION