BROOTEN AREA HOUSING INC (EIN 411343013) - 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

1975

Legal Domicile

Principal Officer

BYRON KNUTSON

Phone

3203462234

Tax Period

2024-01-01 to 2024-12-31

BROOTEN AREA HOUSING INC, founded in 1975, is a small nonprofit that reported $267K in total revenue in fiscal year 2024. Net assets of $914K represent 41 months of operating reserves.

Mission

TO PROMOTE LOW INCOME HOUSING AND HOUSING FOR MIGRANT FARM LABOR.

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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 $0

Program Service Revenue $256,277

Investment Income $5,490

Other Revenue $4,769

TOTAL REVENUE $266,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $262,093

Other Expenses $266,015

TOTAL EXPENSES $266,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	$266,536	$264,789	+0.0%
Expenses	$266,015	$277,525	0.0%
Net Income	$521	$-12,736	-1.0%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BOHMER	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JEANNIE KINNE	DIRECTOR	1.00	Director	$0	$0	$0
BYRON KNUTSON	SECRETARY	1.00	Officer	$0	$0	$0
STANLEY SEGAAR	PRESIDENT	1.00	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
2024	$266,536	$266,015	$919,139	$521
2023	$264,789	$277,525	$913,808	$-12,736
2022	$272,012	$260,613	$927,091	$11,399
2021	$404,462	$363,558	$927,526	$40,904
2020	$409,605	$442,770	$1,053,759	$-33,165
2019	$396,736	$393,293	$726,065	$3,443
2018	$355,461	$362,817	$701,322	$-7,356

BROOTEN AREA HOUSING INC