LENAWEE EMERGENCY AND AFFORDABLE H… - 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

1991

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

LENAWEE EMERGENCY AND AFFORDABLE HOUSING CORP, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $946K left a modest 8% surplus.

Mission

to advance housing stability and affordable opportunities for low income people especially those in crisis or at risk individuals and families within Lenawee County

Program Service Accomplishments

Program 1

Expenses: $389,264

provide support services and assistance to prevent or reduce the amount of time a household is homeless and support self reliance

Program 2

Expenses: $323,485 Revenue: $307,168

provide transitional housing and support services to low and moderate income families

Program 3

Expenses: $118,374 Revenue: $60,060

provide emergency shelter and support services to low and moderate income families

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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 $642,772

Program Service Revenue $382,691

Investment Income $1,583

Other Revenue $1,179

TOTAL REVENUE $1,028,225

Expense Breakdown

Grants Paid $218,385

Salaries & Benefits $444,306

Fundraising Expenses $9,746

Program Expenses $892,786

Other Expenses $283,781

TOTAL EXPENSES $946,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,028,225	$1,250,663	-0.2%
Expenses	$946,472	$1,233,348	-0.2%
Net Income	$81,753	$17,315	+3.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dawn Finney	Director	1.00	Director	$0	$0	$0
Karen Caine	Director	1.00	Director	$0	$0	$0
Diane Howard	Director	1.00	Director	$0	$0	$0
Joaquin Ramos	Director	1.00	Director	$0	$0	$0
Sarah Buku	Executive Director	40.00	Director	$0	$0	$0
Lynne Punnett	Director	1.00	Director	$0	$0	$0
Patricia Fischer OP	Director	1.00	Director	$0	$0	$0
Ben Moorman	Director	1.00	Director	$0	$0	$0
Jean Tobin OP	Director	1.00	Director	$0	$0	$0
Cindy Carver	Treasurer	2.00	Officer	$0	$0	$0
Brandi Johns	Vice President	1.00	Officer	$0	$0	$0
Ashley Palmer-Lieto	President	2.00	Officer	$0	$0	$0
Leandra Bryan	Secretary	1.00	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
2024	$1,028,225	$946,472	$744,217	$81,753
2023	$1,250,663	$1,233,348	$677,431	$17,315
2022	$5,097,402	$5,134,605	$717,318	$-37,203
2021	$2,836,725	$2,791,184	$2,630,191	$45,541
2020	$546,466	$505,378	$669,865	$41,088
2019	$502,981	$481,232	$582,480	$21,749
2018	$466,914	$445,355	$534,616	$21,559

LENAWEE EMERGENCY AND AFFORDABLE HOUSING CORP