Flushing Association in Transitional Housing (EIN 382897845) - 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

Legal Domicile

Principal Officer

MICHELE S KOLLETH

Phone

9892396566

Tax Period

2023-10-01 to 2024-09-30

Flushing Association in Transitional Housing is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

This Organization provides adult foster care in homes for up to 51 residents on a 24 hour basis under the State of MI guidelines

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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 $0

Program Service Revenue $1,610,541

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,610,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,490,463

Fundraising Expenses $0

Program Expenses $1,769,002

Other Expenses $278,539

TOTAL EXPENSES $1,769,002

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,610,541	$2,058,934	-0.2%
Expenses	$1,769,002	$2,026,516	-0.1%
Net Income	$-158,461	$32,418	-5.9%

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

Total Directors

$85,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAYRN MEIMI	Director	N/A	Director	$0	$0	$0
ANGIE CHERNOSKI	Director	N/A	Director	$0	$0	$0
MARTI GOODMAN	Director	N/A	Director	$0	$0	$0
ANITA HARVEY	Director	N/A	Director	$0	$0	$0
MICHELE S KOLLETH	Executive Director	40.00	Director	$85,500	$0	$85,500

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	$1,610,541	$1,769,002	$12,263	$-158,461
2023	$2,058,934	$2,026,516	$235,067	$32,418
2022	$2,140,726	$2,210,643	$206,744	$-69,917
2021	$2,158,663	$2,215,141	$281,538	$-56,478

Flushing Association in Transitional Housing