SHAWMET HOMES INC (EIN 430993922) - 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

1992

Legal Domicile

Principal Officer

SCOTT COOPER

Phone

8165614240

Tax Period

2023-11-01 to 2024-10-31

SHAWMET HOMES INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2023. Expenses of $3.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

LOW INCOME HOUSING - PROVIDE AFFORDABLE HOUSING TO LOW & MIDDLE INCOME 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 $0

Program Service Revenue $2,722,495

Investment Income $12,601

Other Revenue $10,530

TOTAL REVENUE $2,745,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $484,466

Fundraising Expenses $0

Program Expenses $3,205,544

Other Expenses $2,721,078

TOTAL EXPENSES $3,205,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,745,626	$2,766,989	0.0%
Expenses	$3,205,544	$2,895,854	+0.1%
Net Income	$-459,918	$-128,865	+2.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT COOPER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOYCE WEIBLEN	DIRECTOR	1.00	Director	$0	$0	$0
IDONNA L BRAGG	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM DALBEC	BOARD MEMBER	1.00	Director	$0	$0	$0
CLIFF SCHUETTE	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET FANSKA	TREASURER	1.00	Officer Director	$0	$0	$0
MANDY HEITMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
REBECCA POITRAS	BOARD MEMBER	N/A	Director	$0	$0	$0
ERIK OLSON	VICE-PRESIDENT	N/A	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
2024	$2,745,626	$3,205,544	$2,903,307	$-459,918
2023	$2,766,989	$2,895,854	$3,038,922	$-128,865
2022	$2,427,665	$2,852,005	$3,148,066	$-424,340
2021	$2,489,108	$2,547,448	$3,325,164	$-58,340

SHAWMET HOMES INC