NEWTON HOUSING DEVELOPMENT CORPORATION (EIN 421366201) - 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

1991

Legal Domicile

Principal Officer

BRUCE SHOWALTER

Phone

6417926432

Tax Period

2024-01-01 to 2024-12-31

NEWTON HOUSING DEVELOPMENT CORPORATION, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $143K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $69K, a strong 48% operating margin.

Mission

INCREASE THE QUANTITY AND QUALITY OF HOUSING IN NEWTON, IOWA

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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 $40,000

Program Service Revenue $169

Investment Income $98,417

Other Revenue $4,438

TOTAL REVENUE $143,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,285

Fundraising Expenses $0

Program Expenses $74,165

Other Expenses $45,880

TOTAL EXPENSES $74,165

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,024	$103,786	+0.4%
Expenses	$74,165	$81,736	-0.1%
Net Income	$68,859	$22,050	+2.1%

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

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

$25,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE SHOWALTER	DIRECTOR	40.00	Director Highest	$25,000	$0	$25,000
JENNIFER COOK	PRESIDENT	2.00	Officer	$0	$0	$0
JEFF PRICE	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
AMY TREASE	SECRETARY	1.00	Officer	$0	$0	$0
LONNIE PORTNER	DIRECTOR	1.00	Director	$0	$0	$0
BEV PRICE	TREASURER	1.00	Director	$0	$0	$0
FLOYD DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
BOB CUPPLES	DIRECTOR	1.00	Director	$0	$0	$0
TANYA MICHENER	DIRECTOR	1.00	Director	$0	$0	$0
JASON PRICE	DIRECTOR	1.00	Director	$0	$0	$0
TROY TEAGUE	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN PRESTON	DIRECTOR	1.00	Director	$0	$0	$0
DAN KUNKEL	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT NEASHAM	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN MEYER	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON UDELHOVEN	DIRECTOR	1.00	Director	$0	$0	$0
LANA SUE NOLIN	DIRECTOR	1.00	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	$143,024	$74,165	$3,268,649	$68,859
2023	$103,786	$81,736	$3,476,251	$22,050
2022	$143,016	$65,664	$3,485,330	$77,352
2021	$70,829	$64,594	$1,034,785	$6,235
2020	$200,695	$70,470	$1,311,135	$130,225
2020	$139,524	$70,470	$1,311,135	$69,054
2018	$115,084	$129,880	$1,550,014	$-14,796

NEWTON HOUSING DEVELOPMENT CORPORATION