FOUNDATION FOR RURAL HOUSING INC (EIN 391395627) - 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

1970

Legal Domicile

Principal Officer

JENNY FASULA

Phone

6082912603

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR RURAL HOUSING INC, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $511K, a strong 43% operating margin.

Mission

CREATING, EDUCATING AND SUPPORTING RURAL LOW-INCOME HOUSEHOLDS TO BECOME SELF-SUFFICIENT.

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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 $1,143,906

Program Service Revenue $18,525

Investment Income $13,679

Other Revenue $4,500

TOTAL REVENUE $1,180,610

Expense Breakdown

Grants Paid $166,819

Salaries & Benefits $366,978

Fundraising Expenses $0

Program Expenses $501,549

Other Expenses $135,384

TOTAL EXPENSES $669,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,180,610	$907,838	+0.3%
Expenses	$669,181	$820,192	-0.2%
Net Income	$511,429	$87,646	+4.8%

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

$88,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY SMITH	PRESIDENT	5.00	Officer Director	$0	$0	$0
PHIL SCHNEIDER	DIRECTOR	5.00	Director	$0	$0	$0
MARIE DILLINGER	DIRECTOR	5.00	Director	$0	$0	$0
SONYA DAVIS-WILLIAMS	DIRECTOR	5.00	Director	$0	$0	$0
KAREN SPAULDING RN	DIRECTOR	5.00	Director	$0	$0	$0
BROOKE RICHARDSON-LIU	DIRECTOR	5.00	Director	$0	$0	$0
AARON CLAYBORN	DIRECTOR	5.00	Director	$0	$0	$0
LAURA VORPAHL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DENISE ANDERSON	TREASURER	5.00	Director	$0	$0	$0
PAMELA GLYNN	DIRECTOR	5.00	Director	$0	$0	$0
HEATHER GEHRT	DIRECTOR	5.00	Director	$0	$0	$0
JEANNIE BRUCE	DIRECTOR (STARTING JUNE 20	5.00	Director	$0	$0	$0
ELISE CONSTANTINI	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS TACKMEN	DIRECTOR	5.00	Director	$0	$0	$0
KAREN BASSLER	DIRECTOR	5.00	Director	$0	$0	$0
JENNY FASULA	EXECUTIVE DIRECTOR	40.00	Officer	$88,615	$0	$88,615

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	$1,180,610	$669,181	$1,273,717	$511,429
2023	$907,838	$820,192	$761,612	$87,646
2022	$1,147,063	$768,364	$664,956	$378,699
2021	$524,436	$492,166	$273,697	$32,270
2020	$447,488	$432,333	$227,694	$15,155
2019	$534,352	$508,675	$208,836	$25,677
2018	$361,241	$356,019	$185,137	$5,222

FOUNDATION FOR RURAL HOUSING INC