TRELLIS CO (EIN 411699606) - 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

1991

Legal Domicile

Principal Officer

ELIZABETH FLANNERY

Phone

6123326264

Tax Period

2024-01-01 to 2024-12-31

TRELLIS CO, founded in 1991, is a mid-sized nonprofit in the Housing & Shelter sector that reported $52.4M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26.0M, a strong 50% operating margin.

Mission

TO PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW-INCOME AND MODERATE-INCOME PERSONS.

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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 $13,379,535

Program Service Revenue $32,743,595

Investment Income $4,607,846

Other Revenue $1,661,054

TOTAL REVENUE $52,392,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,232,175

Fundraising Expenses $0

Program Expenses $25,122,242

Other Expenses $24,155,227

TOTAL EXPENSES $26,387,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,392,030	$37,044,209	+0.4%
Expenses	$26,387,402	$24,030,318	+0.1%
Net Income	$26,004,628	$13,013,891	+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

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

$249,278

Total Directors

$249,278

Key Employees

$486,616

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH FLANNERY	PRESIDENT AND CEO AND CHAIR	40.00	Officer Director	$213,125	$36,153	$249,278
EDDIE LANDENBERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
EDEN SPENCER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MONICA NILSSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN REID	PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB ODMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW PERRY	PRESIDENT, TRELLIS MANAGEM	40.00	Key Emp	$221,125	$26,445	$247,570
DAN WALSH	VP OF HOUSING DEVELOPMENT	40.00	Key Emp	$200,833	$38,213	$239,046
JUSTIN EILERS	VP OF HOUSING DEVELOPMENT	40.00	Highest	$176,125	$28,858	$204,983
LISA FISCHER	COO	40.00	Highest	$187,425	$24,755	$212,180
ELISABETH MICHELS	PROJECT MANAGER	40.00	Highest	$100,104	$29,818	$129,922
DUSTIN KWALLEK	SENIOR ASSET MANAGER	40.00	Highest	$111,250	$17,793	$129,043
MEGAN NETLAND	CMO	40.00	Highest	$136,925	$19,065	$155,990

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	$52,392,030	$26,387,402	$208,391,097	$26,004,628
2023	$37,044,209	$24,030,318	$186,696,733	$13,013,891
2022	$21,857,474	$22,618,343	$176,256,885	$-760,869
2021	$41,938,944	$24,595,932	$174,341,513	$17,343,012
2020	$33,802,990	$23,538,145	$153,060,672	$10,264,845
2019	$33,177,223	$23,129,463	$141,445,406	$10,047,760
2019	$33,177,223	$23,129,463	$141,445,406	$10,047,760
2018	$26,637,421	$20,992,653	$127,559,283	$5,644,768

TRELLIS CO