Taeckens Terrace Nonprofit Christian Ministries (EIN 383328071) - 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

1996

Legal Domicile

Principal Officer

Kenneth Ballard

Phone

8107507000

Tax Period

2024-01-01 to 2024-12-31

Taeckens Terrace Nonprofit Christian Ministries, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $559K in total revenue in fiscal year 2024. Expenses of $662K exceeded revenue, resulting in a 18% operating deficit.

Mission

To provide rental assistance to eligible elderly individuals to obtain decent, safe, and sanitary housing under HUD Section 202 capital advance program.

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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 $136,668

Program Service Revenue $399,463

Investment Income $23,357

Other Revenue $0

TOTAL REVENUE $559,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,620

Fundraising Expenses $0

Program Expenses $648,746

Other Expenses $631,176

TOTAL EXPENSES $661,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$559,488	$588,705	0.0%
Expenses	$661,796	$642,063	+0.0%
Net Income	$-102,308	$-53,358	+0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Hards	President	1.00	Officer Director	$0	$0	$0
Joan Peterson-Smith	Vice President	1.00	Officer Director	$0	$0	$0
Kenneth Ballard	Treasurer	1.00	Officer Director	$0	$0	$0
Julie Pray	Secretary	1.00	Officer Director	$0	$0	$0
Sue Colavincenzo	Director	1.00	Director	$0	$0	$0
Michael Grumley	Director	1.00	Director	$0	$0	$0
Sharon Adams	Director	1.00	Director	$0	$0	$0
Janet Craddrock	Director	1.00	Director	$0	$0	$0
Sally Simmons	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
2024	$559,488	$661,796	$2,951,157	$-102,308
2023	$588,705	$642,063	$3,042,396	$-53,358
2022	$476,098	$676,480	$3,127,086	$-200,382
2021	$468,349	$746,097	$3,345,632	$-277,748
2020	$468,150	$603,733	$3,616,880	$-135,583
2019	$465,674	$600,655	$3,698,662	$-134,981
2018	$456,392	$595,516	$3,828,464	$-139,124

Taeckens Terrace Nonprofit Christian Ministries