Heart of Iowa Habitat for Humanity (EIN 421451868) - 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

1995

Legal Domicile

Principal Officer

Ronald Christensen

Phone

5154321168

Tax Period

2023-07-01 to 2024-06-30

Heart of Iowa Habitat for Humanity, founded in 1995, is a small nonprofit that reported $259K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $48K, a strong 19% operating margin.

Mission

To provide low-cost housing to eligible 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 (2023)

Revenue Breakdown

Contributions & Grants $79,012

Program Service Revenue $77,561

Investment Income $28

Other Revenue $102,468

TOTAL REVENUE $259,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,393

Fundraising Expenses $373

Program Expenses $134,355

Other Expenses $134,191

TOTAL EXPENSES $210,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$259,069	$338,589	-0.2%
Expenses	$210,584	$394,020	-0.5%
Net Income	$48,485	$-55,431	-1.9%

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

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

$68,935

Total Directors

$68,935

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronald Christensen	Director	050.00	Officer Director	$68,935	$0	$68,935
Brandon Hommer	President	004.00	Officer Director	$0	$0	$0
Shannon Carter	Secretary	004.00	Officer Director	$0	$0	$0
Nick Lentz	Treasurer	004.00	Officer Director	$0	$0	$0
Kris Langgaard	Member	002.00	Director	$0	$0	$0
Amanda Bills	Member	002.00	Director	$0	$0	$0
Tammy Gustafson	Member	002.00	Director	$0	$0	$0
Doug Carman	Member	002.00	Director	$0	$0	$0
Steven Moats	Member	002.00	Director	$0	$0	$0
Paul Jacobsen	Vice- President	004.00	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
2025	No data	No data	No data	No data
2024	$259,069	$210,584	$944,443	$48,485
2023	$338,589	$394,020	$940,710	$-55,431
2022	$439,046	$343,441	$1,036,668	$95,605
2021	$432,503	$410,604	$783,072	$21,899
2020	$172,070	$205,997	$734,150	$-33,927
2019	$329,217	$353,303	$757,515	$-24,086

Heart of Iowa Habitat for Humanity