ALTOONA HOUSING CORPORATION (EIN 391327444) - 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

1978

Legal Domicile

Principal Officer

Frances Price

Phone

7152150894

Tax Period

2024-01-01 to 2024-12-31

ALTOONA HOUSING CORPORATION, founded in 1978, is a small nonprofit that reported $260K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $152K, a strong 58% operating margin.

Mission

HUD Section 8, 221 D-3 housing for low income seniors 62 and older. 24 subsidized apartments.

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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 $128,092

Program Service Revenue $0

Investment Income $46,178

Other Revenue $85,472

TOTAL REVENUE $259,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,204

Fundraising Expenses $0

Program Expenses $68,341

Other Expenses $80,964

TOTAL EXPENSES $108,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,742	$216,203	+0.2%
Expenses	$108,168	$97,544	+0.1%
Net Income	$151,574	$118,659	+0.3%

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

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

$19,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frances Price	Executive Director and Office Manager	20	Director Highest	$19,500	$0	$19,500
Helen Knight	Board Member	1	Director	$0	$0	$0
Mark Brazzale	President of the Board	1	Officer	$0	$0	$0
Larry Kleist	Vice President and Treasurer of the Board	2	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
2025	No data	No data	No data	No data
2024	$259,742	$108,168	$1,377,346	$151,574
2023	$216,203	$97,544	$1,222,956	$118,659
2022	$185,506	$99,495	$1,105,150	$86,011
2021	$175,755	$95,124	$1,018,095	$80,631
2020	$175,523	$100,357	$939,096	$75,166

ALTOONA HOUSING CORPORATION