SOUTHERN IOWA RURAL HOUSING AGENCY INC (EIN 421363531) - 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

1990

Legal Domicile

Principal Officer

SONIA JACKSON

Phone

5152952927

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN IOWA RURAL HOUSING AGENCY INC, founded in 1990, is a small nonprofit that reported $792K in total revenue in fiscal year 2024. Expenses of $765K left a modest 3% surplus.

Mission

TO PROVIDE LOW INCOME HOUSINGTO INDIVIDUALS AND FAMILIES

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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 $368,619

Program Service Revenue $424,540

Investment Income $-2,434

Other Revenue $900

TOTAL REVENUE $791,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $606,046

Other Expenses $765,351

TOTAL EXPENSES $765,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$791,625	$778,316	+0.0%
Expenses	$765,351	$755,293	+0.0%
Net Income	$26,274	$23,023	+0.1%

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

$73,445

Total Directors

$73,445

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONIA JACKSON	PRESIDENT	0.25	Officer Director	$0	$0	$0
PAUL NELSON	DIRECTOR	0.25	Director	$0	$0	$0
CHRIS ENGLAND	DIRECTOR	0.25	Director	$0	$0	$0
PAT JONES	DIRECTOR	0.25	Director	$0	$0	$0
MARILEA MULLEN	DIRECTOR	0.25	Director	$0	$0	$0
TWILA LARSON	DIRECTOR	0.25	Director	$0	$0	$0
JOANNE KOHN	DIRECTOR	0.25	Director	$0	$0	$0
JUNE WEST	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
TERESA BABCOCK	DIRECTOR	0.25	Director	$0	$0	$0
PAULA MCCLAFLIN	DIRECTOR	0.25	Director	$0	$0	$0
PAM LILLIE	DIRECTOR	0.25	Director	$0	$0	$0
PHYLLIS STAKEY	DIRECTOR	0.25	Director	$0	$0	$0
BILLIE GREENWALT	EXECUTIVE DIRECTOR	0.25	Officer Director	$0	$0	$73,445
CATHY SEDDON	FORMER EXECUTIVE DIRECTOR	0.25		$0	$0	$82,237

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	$791,625	$765,351	$1,551,992	$26,274
2023	$778,316	$755,293	$1,592,908	$23,023
2022	$742,055	$761,522	$1,639,806	$-19,467
2021	$706,565	$695,531	$1,708,817	$11,034
2020	$680,203	$678,529	$1,766,367	$1,674
2019	$659,448	$718,895	$1,813,314	$-59,447
2018	$667,668	$740,356	$1,913,421	$-72,688

SOUTHERN IOWA RURAL HOUSING AGENCY INC