'S' ELECT HOMES

EIN: 410854545

DULUTH, MN

Total Revenue
$39,771
Total Expenses
$70,053
Total Assets
$518,981
Net Assets
$448,776
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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

Legal Domicile
MN
Principal Officer
DON SMITH
Phone
2187228115
Tax Period
2021-07-01 to 2022-06-30

'S' ELECT HOMES is a micro nonprofit that reported $40K in total revenue in fiscal year 2021. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $70K exceeded revenue, resulting in a 76% operating deficit.

Mission

PROVIDE ELDERLY 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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $38,500
Investment Income $2
Other Revenue $1,269
TOTAL REVENUE $39,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $68,803
Other Expenses $70,053
TOTAL EXPENSES $70,053

Year-over-Year Comparison

2021 2020 Change
Revenue $39,771 $60,633 -0.3%
Expenses $70,053 $61,481 +0.1%
Net Income $-30,282 $-848 +34.7%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLE BUKOVICH TRUSTEE 1.00
Director
$0 $0 $0
SAM DUGAN SECRETARY 1.00
Officer Director
$0 $0 $0
BLAIR MAHAN TRUSTEE 1.00
Director
$0 $0 $0
DON SMITH 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
2022 $39,771 $70,053 $518,981 $-30,282
2021 $60,633 $61,481 $550,100 $-848
2020 $175,853 $194,407 $567,163 $-18,554
2019 $177,853 $193,121 $594,618 $-15,268
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