SEMCAC HOUSING-RUSHFORD 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

1983

Legal Domicile

Principal Officer

BOB BURNS

Phone

5078647741

Tax Period

2025-01-01 to 2025-12-31

SEMCAC HOUSING-RUSHFORD INC, founded in 1983, is a micro nonprofit that reported $77K in total revenue in fiscal year 2025. Expenses of $86K exceeded revenue, resulting in a 12% operating deficit.

Mission

SEMCAC HOUSING - RUSHFORD, INC. ACQUIRES, PROVIDES AND OPERATES RENTAL HOUSING AND FACILITIES. ORGANIZED IN 1983 AS A MINNESOTA NON-STOCK CORPORATION, SEMCAC HOUSING - RUSHFORD, INC.'S RENTAL HOUSING AND RELATED FACITILIES ARE SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELIGIBLE OCCUPANTS AS DETERMINED BY UNITED STATES DEPARTMENT OF AGRICULTURE (USDA), RURAL DEVELOPMENT (RD).

Program Service Accomplishments

Program 1

Expenses: $47,187 Revenue: $76,635

PROVIDED AFFORDABLE, DECENT AND SAFE RENTAL 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $76,201

Investment Income $37

Other Revenue $434

TOTAL REVENUE $76,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,187

Other Expenses $86,214

TOTAL EXPENSES $86,214

Year-over-Year Comparison

	2025	2024	Change
Revenue	$76,672	$73,754	+0.0%
Expenses	$86,214	$75,923	+0.1%
Net Income	$-9,542	$-2,169	+3.4%

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
BOB BURNS	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICK WITTROCK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
JANICE BALL	SECRETARY	1.00	Officer Director	$0	$0	$0
TINA BELL	DIRECTOR	1.00	Director	$0	$0	$0
RICK GNEMI	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SARVI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES WALLY	DIRECTOR	1.00	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	$76,672	$86,214	$855,715	$-9,542
2024	$73,754	$75,923	$865,760	$-2,169
2023	$70,014	$73,403	$871,754	$-3,389
2022	$61,131	$90,990	$876,011	$-29,859
2021	$58,884	$57,970	$1,022,508	$914
2020	$54,568	$57,743	$1,026,978	$-3,175