GRASSLANDS HOUSING INC

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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

1980

Legal Domicile

Principal Officer

PATRICK MCFARLAND

Phone

7637834747

Tax Period

2024-01-01 to 2024-12-31

GRASSLANDS HOUSING INC, founded in 1980, is a small nonprofit that reported $225K in total revenue in fiscal year 2024. Expenses of $302K exceeded revenue, resulting in a 34% operating deficit.

Mission

GRASSLANDS HOUSING, INC. IS ORGANIZED TO PROMOTE HEALTH CARE AND WELFARE NEEDS BY PROVIDING ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.

Program Service Accomplishments

Program 1

Expenses: $255,154 Revenue: $222,985

GRASSLANDS HOUSING, INC. IS ORGANIZED TO PROMOTE HEALTH CARE AND WELFARE NEEDS BY PROVIDING ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES. THE ORGANIZATION OWNS AND OPERATES A 24-UNIT...

GRASSLANDS HOUSING, INC. IS ORGANIZED TO PROMOTE HEALTH CARE AND WELFARE NEEDS BY PROVIDING ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES. THE ORGANIZATION OWNS AND OPERATES A 24-UNIT LOW-INCOME HANDICAPPED HOUSING PROJECT LOCATED IN COON RAPIDS, MINNESOTA.

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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 $222,985

Investment Income $314

Other Revenue $2,190

TOTAL REVENUE $225,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $255,154

Other Expenses $302,240

TOTAL EXPENSES $302,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,489	$210,982	+0.1%
Expenses	$302,240	$263,299	+0.1%
Net Income	$-76,751	$-52,317	+0.5%

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

N/A

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

$255,098

Total Directors

$353,098

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA SOPP	BOARD SECRETARY/TREASURER	1.00	Officer Director	$0	$5,525	$94,229
BRITTANY HATFIELD	BOARD MEMBER	1.00	Director	$0	$5,566	$98,000
PATRICK MCFARLAND	BOARD CHAIR	1.00	Officer Director	$0	$7,319	$160,869

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	$225,489	$302,240	$628,914	$-76,751
2023	$210,982	$263,299	$545,928	$-52,317
2022	$229,528	$217,888	$472,219	$11,640
2021	$234,549	$212,258	$338,112	$22,291
2020	$217,464	$229,931	$293,753	$-12,467
2019	$194,540	$250,008	$313,586	$-55,468
2018	$218,561	$292,444	$319,980	$-73,883