POWESHIEK AREA HOUSING INC (EIN 421298086) - 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

1987

Legal Domicile

Principal Officer

DOUGLAS CAMERON

Phone

5634326160

Tax Period

2024-01-01 to 2024-12-31

POWESHIEK AREA HOUSING INC, founded in 1987, is a small nonprofit that reported $511K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $474K left a modest 7% surplus.

Mission

PROVIDE HOUSING FOR SENIOR CITIZENS AND MENTALLY HANDICAPPED.

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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 $0

Program Service Revenue $506,217

Investment Income $4,474

Other Revenue $0

TOTAL REVENUE $510,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,104

Fundraising Expenses $0

Program Expenses $389,730

Other Expenses $453,690

TOTAL EXPENSES $473,794

Year-over-Year Comparison

	2024	2023	Change
Revenue	$510,691	$702,143	-0.3%
Expenses	$473,794	$521,581	-0.1%
Net Income	$36,897	$180,562	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS CAMERON	PRESIDENT	0.25	Officer Director	$0	$0	$0
FRANK SHULTS	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
KATE SLATER	SECRETARTY/T	0.25	Officer Director	$0	$0	$0
DORIS L HOTCHKIN	DIRECTOR	0.25	Director	$0	$0	$0
BETTY LUDDEN	DIRECTOR	0.25	Director	$0	$0	$0
PAUL KOLPIN	DIRECTOR	0.25	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
2025	No data	No data	No data	No data
2024	$510,691	$473,794	$1,438,055	$36,897
2023	$702,143	$521,581	$1,466,557	$180,562
2022	$531,663	$497,898	$1,360,090	$33,765
2021	$502,801	$513,889	$1,392,908	$-11,088
2020	$500,937	$458,347	$1,520,011	$42,590
2019	$511,880	$527,996	$1,587,086	$-16,116
2018	$547,928	$554,037	$1,641,282	$-6,109

POWESHIEK AREA HOUSING INC