HOUSING OPPORTUNITIES MADE EQUAL (HOME) OF MACKINAC COUNTY (EIN 383330709) - 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

1997

Legal Domicile

Principal Officer

JULIE HILL

Phone

9066436239

Tax Period

2024-01-01 to 2024-12-31

HOUSING OPPORTUNITIES MADE EQUAL (HOME) OF MACKINAC COUNTY, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $152K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $137K left a modest 10% surplus.

Mission

TO FACILITATE, ARRANGE AND CREATE ADEQUATE HOUSING OPPORTUNITIES WITH AN EMPHASIS ON PERSONS OF LOW AND MODERATE INCOME.

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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 $154,133

Program Service Revenue $1,501

Investment Income $0

Other Revenue $-3,428

TOTAL REVENUE $152,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,196

Fundraising Expenses $27

Program Expenses $117,146

Other Expenses $31,142

TOTAL EXPENSES $137,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,206	$203,694	-0.3%
Expenses	$137,338	$138,889	0.0%
Net Income	$14,868	$64,805	-0.8%

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

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

$52,028

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTI HART	EXECUTIVE DI	40.00	Officer	$52,028	$0	$52,028
JENNIFER GOUDREAU	DIRECTOR	1.00	Director	$0	$0	$0
JULIE HILL	PRESIDENT/CH	1.00	Director	$0	$0	$0
CONNIE LITZNER	SECRETARY	1.00	Director	$0	$0	$0
DAN LITZNER	DIRECTOR	1.00	Director	$0	$0	$0
JUDY ST LOUIS-SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
TINA MASSEY	DIRECTOR	1.00	Director	$0	$0	$0
DARCY MCLEAN	VICE PRESIDE	1.00	Director	$0	$0	$0
MARY JO SAVARD	TREASURER	1.00	Director	$0	$0	$0
LINDA SAYLES	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	$152,206	$137,338	$184,305	$14,868
2023	$203,694	$138,889	$174,547	$64,805
2022	$149,638	$123,044	$115,889	$26,594
2021	$116,102	$97,849	$76,112	$18,253
2020	$150,166	$124,276	$58,482	$25,890
2019	$133,837	$130,385	$33,975	$3,452
2018	$81,855	$94,848	$29,817	$-12,993

HOUSING OPPORTUNITIES MADE EQUAL (HOME) OF MACKINAC COUNTY