RICE LAKE COMMUNITY HOUSING INC (EIN 391144121) - 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

ROBERT MAYER

Phone

7152343721

Tax Period

2024-01-01 to 2024-12-31

RICE LAKE COMMUNITY HOUSING INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $213K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $268K exceeded revenue, resulting in a 26% operating deficit.

Mission

LOW INCOME HOUSING

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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 $0

Program Service Revenue $195,985

Investment Income $7,067

Other Revenue $10,271

TOTAL REVENUE $213,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,509

Fundraising Expenses $0

Program Expenses $238,209

Other Expenses $229,724

TOTAL EXPENSES $268,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,323	$307,625	-0.3%
Expenses	$268,233	$221,113	+0.2%
Net Income	$-54,910	$86,512	-1.6%

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
MARY ANN WIRFBINSKI	BOARD COMMISSIONER	1.00	Director	$0	$0	$0
LYNDA SIRIANNI	BOARD COMMISSIONER	1.00	Director	$0	$0	$0
ROBERT MAYER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BEVERLY BUCKNER	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL KOVACEVICH	VICE CHAIRMAN	1.00	Officer 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	$213,323	$268,233	$1,743,874	$-54,910
2023	$307,625	$221,113	$1,845,063	$86,512
2022	$189,372	$171,647	$1,670,541	$17,725
2021	$208,231	$127,636	$1,464,701	$80,595
2020	$400,245	$143,425	$1,442,601	$256,820
2019	$180,186	$164,089	$1,240,178	$16,097
2018	$182,162	$138,191	$1,277,718	$43,971

RICE LAKE COMMUNITY HOUSING INC