MARENGO HOUSING CORPORATION (EIN 420983239) - 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

1971

Legal Domicile

Principal Officer

CAMERON MILES

Phone

3196423600

Tax Period

2024-01-01 to 2024-12-31

MARENGO HOUSING CORPORATION, founded in 1971, is a small nonprofit in the Housing & Shelter sector that reported $145K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 51% operating margin.

Mission

PROVIDE AFFORDABLE HOUSING FOR LOW & MODERATE INCOME FAMILIES THROUGH A PROGRAM WITH THE US DEPT. OF AGRICULTURAL, RURAL DEVELOPMENT AGENCY, & CONTRIBUTIONS TO THE COMMUNITY.

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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 $43,575

Program Service Revenue $33,454

Investment Income $22,276

Other Revenue $45,687

TOTAL REVENUE $144,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,710

Other Expenses $71,710

TOTAL EXPENSES $71,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$144,992	$103,072	+0.4%
Expenses	$71,710	$64,744	+0.1%
Net Income	$73,282	$38,328	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM NELSON	VP	0.50	Director	$0	$0	$0
CRYSTAL BENSCOTER	DIRECTOR	0.50	Director	$0	$0	$0
SANDRA FOLKMANN	DIRECTOR	0.50	Director	$0	$0	$0
JUTTA DENSON	SECRETARY	0.50	Officer	$0	$0	$0
KAREN MARTIN	DIRECTOR	0.50	Director	$0	$0	$0
TJ KLOSTER	DIRECTOR	0.50	Officer	$0	$0	$0
CAMERON MILES	PRESIDENT	0.50	Officer	$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	$144,992	$71,710	$1,325,936	$73,282
2023	$103,072	$64,744	$1,283,529	$38,328
2022	$41,116	$54,585	$1,323,947	$-13,469
2021	$100,920	$55,772	$1,378,584	$45,148
2020	$61,930	$53,474	$1,372,649	$8,456
2019	$56,944	$50,112	$1,398,565	$6,832
2018	$-4,256	$47,150	$1,425,716	$-51,406

MARENGO HOUSING CORPORATION