LANSING HOUSING CORPORATION (EIN 421025182) - 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

SAMUEL KUHN

Phone

5635384236

Tax Period

2024-01-01 to 2024-12-31

LANSING HOUSING CORPORATION, founded in 1971, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THORNTON MANOR IS A SKILLED NURSING FACILITY DEDICATED TO ENRICHING THE QUALITY OF LIFE OF EACH INDIVIDUAL RESIDENT.

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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 $21,107

Program Service Revenue $3,358,834

Investment Income $23,249

Other Revenue $0

TOTAL REVENUE $3,403,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,573,887

Fundraising Expenses $0

Program Expenses $2,928,066

Other Expenses $982,412

TOTAL EXPENSES $3,556,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,403,190	$3,093,957	+0.1%
Expenses	$3,556,299	$3,453,878	+0.0%
Net Income	$-153,109	$-359,921	-0.6%

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

$116,549

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL KUHN	ADMINISTRATO	40.00	Officer	$116,549	$0	$116,549
PEGGY BERNS	SECRETARY	N/A	Officer Director	$0	$0	$0
KAREN BRENNAN	DIRECTOR	N/A	Director	$0	$0	$0
RITA HEIM	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JAKE IMHOFF	PRESIDENT	N/A	Officer Director	$0	$0	$0
REBECCA SEITZ	TREASURER	N/A	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	$3,403,190	$3,556,299	$2,091,870	$-153,109
2023	$3,093,957	$3,453,878	$2,342,938	$-359,921
2022	$2,935,195	$3,452,037	$2,683,089	$-516,842
2021	$3,227,967	$3,469,790	$3,204,906	$-241,823
2020	$4,092,397	$3,413,835	$3,421,326	$678,562
2019	$3,518,122	$3,573,455	$2,814,057	$-55,333
2018	$3,396,096	$3,531,027	$2,844,744	$-134,931

LANSING HOUSING CORPORATION