ACTS COMMUNITY DEVELOPMENT CORPORATION (EIN 391837474) - 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

1995

Legal Domicile

Principal Officer

MICHAEL GOSMAN

Phone

4149332215

Tax Period

2024-01-01 to 2024-12-31

ACTS COMMUNITY DEVELOPMENT CORPORATION, founded in 1995, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.8M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $19.5M exceeded revenue, resulting in a 41% operating deficit.

Mission

ACTS HOUSING'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP.

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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 $12,578,645

Program Service Revenue $471,004

Investment Income $319,250

Other Revenue $442,849

TOTAL REVENUE $13,811,748

Expense Breakdown

Grants Paid $14,459,816

Salaries & Benefits $3,050,429

Fundraising Expenses $815,987

Program Expenses $17,549,711

Other Expenses $1,875,769

TOTAL EXPENSES $19,458,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,811,748	$11,716,959	+0.2%
Expenses	$19,458,014	$7,621,123	+1.6%
Net Income	$-5,646,266	$4,095,836	-2.4%

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

100

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

$270,779

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE SCHLIDT	PAST CHAIR	1.00	Officer Director	$0	$0	$0
HEATHER RAMIREZ	CHAIR	1.00	Officer Director	$0	$0	$0
ALLISON STEINHAFEL	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY FRANDA	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN BEAGLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARC PERRY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SYBURG	SECRETARY	1.00	Officer Director	$0	$0	$0
OSCAR TOVAR	DIRECTOR	1.00	Director	$0	$0	$0
RAE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DOUG LEVY	DIRECTOR	1.00	Director	$0	$0	$0
TIM MATTKE	DIRECTOR	1.00	Director	$0	$0	$0
MARVIN BYNUM	DIRECTOR	1.00	Director	$0	$0	$0
VANAYA GRICE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MACK	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LAGRANT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GOSMAN	PRESIDENT & CEO	35.00	Officer	$192,167	$78,612	$270,779
DOROTHY YORK	VP REAL ESTATE	2.00	Highest	$134,881	$16,488	$151,369
KELLY ANDREW	VP STRATEGIC PARTNERSHIP	23.00	Highest	$124,411	$14,163	$138,574
DEATRA KEMP	VP PROGRAMS	42.00	Highest	$114,999	$24,416	$139,415

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	$13,811,748	$19,458,014	$16,292,957	$-5,646,266
2023	$11,716,959	$7,621,123	$14,766,391	$4,095,836
2022	$7,691,551	$4,964,560	$11,731,393	$2,726,991
2021	$4,555,548	$3,805,760	$7,583,766	$749,788
2020	$3,430,807	$3,520,086	$6,844,173	$-89,279
2019	$4,174,881	$2,432,086	$6,538,069	$1,742,795
2018	$4,039,930	$1,951,287	$4,427,084	$2,088,643

ACTS COMMUNITY DEVELOPMENT CORPORATION