IOOF MASON CITY HOUSING CORPORATION C/O KEYWAY MANAGEMENT COMPANY (EIN 391877240) - 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

2001

Legal Domicile

Principal Officer

MICHELLE HECKART

Phone

5152764936

Tax Period

2024-01-01 to 2024-12-31

IOOF MASON CITY HOUSING CORPORATION C/O KEYWAY MANAGEMENT COMPANY, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $171K in total revenue in fiscal year 2024. Expenses of $238K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROVIDE LOW RENT HOUSING FOR THE ELDERLY AND/OR HANDICAPPED.

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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 $30,749

Program Service Revenue $135,428

Investment Income $11

Other Revenue $4,759

TOTAL REVENUE $170,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,630

Fundraising Expenses $0

Program Expenses $178,584

Other Expenses $213,967

TOTAL EXPENSES $237,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$170,947	$170,319	+0.0%
Expenses	$237,597	$238,585	0.0%
Net Income	$-66,650	$-68,266	0.0%

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
DUANE VINE	SPECIAL DEPUTY OF GRAND LODGE IOOF	0.50	Director	$0	$0	$0
MICHELLE HECKART	PRESIDENT	0.50	Officer Director	$0	$0	$0
TOM RICE	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
STEPHANIE KNOCH	SECRETARY	0.50	Officer Director	$0	$0	$0
KAREN LOW	BOARD MEMBER	0.50	Director	$0	$0	$0
SCOTT HELGESON	BOARD MEMBER (BEG 10/2024)	0.50	Director	$0	$0	$0
SANDRA DODSON	BOARD MEMBER (THRU 10/2024)	0.50	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
2025	No data	No data	No data	No data
2024	$170,947	$237,597	$1,043,061	$-66,650
2023	$170,319	$238,585	$1,099,140	$-68,266
2022	$130,425	$206,960	$1,168,637	$-76,535
2021	$107,941	$216,138	$1,221,667	$-108,197
2020	$125,146	$207,358	$1,288,206	$-82,212
2019	$155,691	$195,549	$1,351,439	$-39,858
2018	$151,641	$215,085	$1,403,044	$-63,444

IOOF MASON CITY HOUSING CORPORATION C/O KEYWAY MANAGEMENT COMPANY