PASO ROBLES NONPROFIT HOUSING CORPORATION (EIN 383664512) - 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

2005

Legal Domicile

Principal Officer

DAVID COOKE

Phone

8052384015

Tax Period

2023-01-01 to 2023-12-31

PASO ROBLES NONPROFIT HOUSING CORPORATION, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $711K, a strong 61% operating margin.

Mission

PRNHC'S MISSION IS TO ACQUIRE, DEVELOP, REHABILITATE, LEASE, AND MANAGE AFFORDABLE HOUSING FACILITIES FOR LOW TO MODERATE INCOME INDIVIDUALS IN THE CITIES AND UNICORPORATED AREAS OF NORTHERN SAN LUIS OBISPO COUNTY, CALIFORNIA.

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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 $973,818

Program Service Revenue $172,831

Investment Income $10,959

Other Revenue $0

TOTAL REVENUE $1,157,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $375,391

Other Expenses $446,811

TOTAL EXPENSES $446,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,157,608	$540,178	+1.1%
Expenses	$446,811	$406,942	+0.1%
Net Income	$710,797	$133,236	+4.3%

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

$342,193

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE STURGIS-VIBORG	CHIEF FINANCIAL OFFICER - BOARD	1.00	Officer Director	$0	$0	$0
GREG RACHUNOK	PRESIDENT	2.00	Officer Director	$0	$0	$0
RONNIE MAXWELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOE IRICK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID COOKE	EXECUTIVE DIRECTOR	6.00	Officer	$0	$40,325	$210,319
CYNTHIA FARDANESH	CHIEF FINANCIAL OFFICER	6.00	Officer	$0	$37,152	$131,874

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	No data	No data	No data	No data
2023	$1,157,608	$446,811	$5,217,570	$710,797
2022	$540,178	$406,942	$5,154,553	$133,236
2021	$478,525	$461,184	$5,195,115	$17,341
2020	$451,922	$453,250	$5,308,341	$-1,328
2019	$439,626	$404,421	$5,424,295	$35,205
2018	$421,157	$431,690	$5,492,936	$-10,533

PASO ROBLES NONPROFIT HOUSING CORPORATION