SOUTHWEST MINNESOTA HOUSING PARTNERSHIP (EIN 411721815) - 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

1992

Legal Domicile

Principal Officer

CHAD ADAMS

Phone

5078368547

Tax Period

2023-01-01 to 2023-12-31

SOUTHWEST MINNESOTA HOUSING PARTNERSHIP, founded in 1992, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PARTNER WITH COMMUNITIES TO DEVELOP PLACES FOR PEOPLE TO CALL HOME SO THAT PEOPLE IN SOUTHWEST AND SOUTH-CENTRAL MINNESOTA HAVE ACCESS TO DIGNIFIED AFFORDABLE HOUSING, AND THRIVING, INCLUSIVE AND EQUITABLE COMMUNITIES.

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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 $1,061,552

Program Service Revenue $12,645,021

Investment Income $913,263

Other Revenue $73,529

TOTAL REVENUE $14,693,365

Expense Breakdown

Grants Paid $101,682

Salaries & Benefits $2,419,961

Fundraising Expenses $61,655

Program Expenses $14,455,998

Other Expenses $13,172,387

TOTAL EXPENSES $15,716,306

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,693,365	$12,931,665	+0.1%
Expenses	$15,716,306	$14,349,006	+0.1%
Net Income	$-1,022,941	$-1,417,341	-0.3%

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

Volunteers

160

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

$284,275

Total Directors

$775

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGO DRUSCHEL	SECRETARY-TREASURER	1.00	Officer Director	$400	$0	$400
TARA ONKEN	CHAIR	1.00	Officer Director	$250	$0	$250
DAWN HEGLAND	VICE-CHAIR	1.00	Officer Director	$25	$0	$25
SCOTT MARQUARDT	PAST CHAIR	1.00	Director	$0	$0	$0
APRIL CHOUINARD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
EMILY MASTERS	DIRECTOR	1.00	Director	$0	$0	$0
LARRY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
LIZ DANIELSON	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW UST	DIRECTOR	1.00	Director	$100	$0	$100
CHAD ADAMS	CHIEF EXECUTIVE OFFICER	40.00	Officer	$164,675	$19,226	$183,901
EMILY BUCHER	CHIEF FINANCIAL OFFICER	40.00	Officer	$30,643	$4,188	$34,831
JEFF CORDES	CHIEF FINANCIAL OFFICER	40.00	Officer	$59,963	$4,905	$64,868
KRISTIE BLANKENSHIP	CHIEF OPERATING OFFICER	40.00	Highest	$123,379	$25,720	$149,099
JESSE SCHOTT	DIRECTOR OF CONSTRUCTION SERVICES	40.00	Highest	$100,435	$15,614	$116,049

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	No data	No data	No data	No data
2023	$14,693,365	$15,716,306	$68,357,463	$-1,022,941
2022	$12,931,665	$14,349,006	$66,592,294	$-1,417,341
2021	$10,657,099	$12,186,016	$59,310,088	$-1,528,917
2020	$11,774,359	$11,884,667	$60,417,657	$-110,308
2019	$9,901,149	$11,464,387	$55,974,525	$-1,563,238
2018	$7,196,819	$8,206,630	$48,281,796	$-1,009,811
2018	$8,372,719	$9,861,259	$54,343,792	$-1,488,540

SOUTHWEST MINNESOTA HOUSING PARTNERSHIP