NICOLLET MEADOWS HOUSING GROUP (EIN 412019031) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

CHAD ADAMS

Phone

5078368547

Tax Period

2024-01-01 to 2024-12-31

NICOLLET MEADOWS HOUSING GROUP is a 501(c)(3) with EIN 412019031, based in SLAYTON, MN. Founded in 2001, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $1,403,925 in total revenue and $1,415,871 in total expenses, with net assets of $-1,640,984.

Mission

PROVIDING HOUSING FOR LOW AND MODERATE INCOME RESIDENTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,223,862

Investment Income $24,757

Other Revenue $155,306

TOTAL REVENUE $1,403,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,253,426

Other Expenses $1,415,871

TOTAL EXPENSES $1,415,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,403,925	$1,144,888	+0.2%
Expenses	$1,415,871	$1,337,056	+0.1%
Net Income	$-11,946	$-192,168	-0.9%

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

$342,886

Total Directors

$342,886

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD ADAMS	PRESIDENT	2.00	Officer Director	$0	$20,448	$189,390
KRISTIE BLANKENSHIP	VICE PRESIDENT	2.00	Officer Director	$0	$27,383	$153,496
JAY TRUSTY	TREASURER	1.00	Officer Director	$0	$0	$0
TARA ONKEN	SECRETARY	1.00	Officer 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
2024	$1,403,925	$1,415,871	$7,837,330	$-11,946
2023	$1,144,888	$1,337,056	$7,602,133	$-192,168
2022	$1,019,249	$1,550,949	$7,785,673	$-531,700
2021	$1,018,863	$1,314,063	$8,272,022	$-295,200
2020	$1,003,366	$1,236,884	$8,518,601	$-233,518
2019	$999,506	$1,168,117	$8,736,021	$-168,611
2018	$963,275	$1,135,877	$8,865,696	$-172,602

NICOLLET MEADOWS HOUSING GROUP