GREY EAGLE HOUSING ASSOCIATION (EIN 411362495) - 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

1979

Legal Domicile

Principal Officer

Margaret Newberg

Tax Period

2023-01-01 to 2023-12-31

GREY EAGLE HOUSING ASSOCIATION, founded in 1979, is a micro nonprofit in the Housing & Shelter sector that reported $61K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $81K exceeded revenue, resulting in a 33% operating deficit.

Mission

Provide affordable housing for low income elderly

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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 (2023)

Revenue Breakdown

Contributions & Grants $77,236

Program Service Revenue $0

Investment Income $813

Other Revenue $-16,865

TOTAL REVENUE $61,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,560

Fundraising Expenses $0

Program Expenses $175,529

Other Expenses $42,624

TOTAL EXPENSES $81,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,184	$94,331	-0.4%
Expenses	$81,184	$100,458	-0.2%
Net Income	$-20,000	$-6,127	+2.3%

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
Linda Wershing	Director	1	Director	$0	$0	$0
Harry Grammond	Secretary	2	Officer Director	$0	$0	$0
Margaret Newbe	Manager	15		$20,400	$0	$20,400
Thom Muller	Director	1	Director	$0	$0	$0
Marcey Roe	President	2	Director	$0	$0	$0
Duane Weisbric	Director	1	Director	$0	$0	$0
Evelyn Buddle	Director	1	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	No data	No data	No data	No data
2023	$61,184	$81,184	$442,872	$-20,000
2022	$94,331	$100,458	$462,872	$-6,127
2021	$95,388	$100,628	$468,999	$-5,240
2020	$102,394	$112,102	$474,239	$-9,708
2019	$85,906	$120,993	$483,947	$-35,087
2018	$99,074	$112,260	$519,034	$-13,186

GREY EAGLE HOUSING ASSOCIATION