POLK COUNTY HOUSING TRUST FUND (EIN 421510879) - 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

2000

Legal Domicile

Principal Officer

TOBY O'BERRY

Phone

5152823233

Tax Period

2024-07-01 to 2025-06-30

POLK COUNTY HOUSING TRUST FUND, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.4M exceeded revenue, resulting in a 40% operating deficit.

Mission

TO CREATE/SUPPORT AFFORDABLE HOUSING AND RELATED SERVICES IN POLK COUNTY. ALSO, TO DEVELOP COUNTYWIDE STRATEGY AND IMPLEMENT A COMMITMENT TO AFFORDABLE HOUSING.

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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 $3,357,329

Program Service Revenue $0

Investment Income $491,550

Other Revenue $0

TOTAL REVENUE $3,848,879

Expense Breakdown

Grants Paid $4,239,171

Salaries & Benefits $807,830

Fundraising Expenses $177,235

Program Expenses $4,743,353

Other Expenses $332,623

TOTAL EXPENSES $5,379,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,848,879	$3,498,311	+0.1%
Expenses	$5,379,624	$7,792,268	-0.3%
Net Income	$-1,530,745	$-4,293,957	-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

$181,238

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ENA BABIC BARNES	CHAIR	1.00	Officer Director	$0	$0	$0
KRIS SCHECHINGER-CAMPER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANGELA CONNOLLY	SECRETARY	1.00	Officer Director	$0	$0	$0
TJ BRAND	TREASURER	1.00	Officer Director	$0	$0	$0
LUIS MONTOYA	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JUNIOR IBARRA	DIRECTOR	1.00	Director	$0	$0	$0
JEFF DAMMAN	DIRECTOR	1.00	Director	$0	$0	$0
SARA HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA LATCHAM	DIRECTOR	1.00	Director	$0	$0	$0
JOSH MANDELBAUM	DIRECTOR	1.00	Director	$0	$0	$0
CREIGHTON COX	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN DREW	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
JAY SINGLETON	DIRECTOR	1.00	Director	$0	$0	$0
JODIE STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY RONE	DIRECTOR	1.00	Director	$0	$0	$0
JILL ALTRINGER	DIRECTOR	1.00	Director	$0	$0	$0
AJAY KALRA	DIRECTOR	1.00	Director	$0	$0	$0
EMILY STORK	DIRECTOR	1.00	Director	$0	$0	$0
TOBY O'BERRY	EXECUTIVE DIRECTOR	40.00	Officer	$160,256	$20,982	$181,238

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	$3,848,879	$5,379,624	$14,181,279	$-1,530,745
2024	$3,498,311	$7,792,268	$14,783,584	$-4,293,957
2023	$19,273,540	$8,918,068	$19,208,616	$10,355,472
2022	$3,622,917	$2,584,835	$8,439,588	$1,038,082
2021	$5,018,573	$5,021,929	$7,531,813	$-3,356
2020	$3,581,504	$3,444,745	$8,118,635	$136,759
2019	$3,458,724	$2,869,422	$7,988,664	$589,302

POLK COUNTY HOUSING TRUST FUND