BIG SPRINGS HOUSING ASSOCIATION INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

DELLA UNDERWOOD

Phone

5733234717

Tax Period

2024-01-01 to 2024-12-31

BIG SPRINGS HOUSING ASSOCIATION INC, founded in 1975, is a small nonprofit in the Housing & Shelter sector that reported $148K in total revenue in fiscal year 2024. Expenses of $178K exceeded revenue, resulting in a 20% operating deficit.

Mission

ORGANIZATION WAS FORMED FOR THE PURPOSE OF PROVIDING LOW-COST HOUSING FOR THE AGED OR DISABLED. RENTAL ASSISTANCE IS RECEIVED FROM RURAL DEVELOPMENT RENTAL ASSISTANCE PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $177,822 Revenue: $122,947

OPERATION OF APARTMENT COMPLEX THAT PROVIDES LOW INCOME HOUSING. RENTAL ASSISTANCE FROM RURAL DEVELOPMENT IS RECEIVED BASED UPON INCOME LEVELS OF INDIVIDUALS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,355

Program Service Revenue $122,947

Investment Income $1,696

Other Revenue $10,498

TOTAL REVENUE $148,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $177,822

Other Expenses $177,822

TOTAL EXPENSES $177,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,496	$148,148	+0.0%
Expenses	$177,822	$139,603	+0.3%
Net Income	$-29,326	$8,545	-4.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DELLA UNDERWOOD	PRESIDENT	N/A	Officer	$0	$0	$0
HEATHER ANDERSON	VICE - PRESI	N/A	Officer	$0	$0	$0
REBECCA ALLEN	TREASURER	N/A	Officer	$0	$0	$0
BARBARA ROGERS	SECRETARY	N/A	Officer	$0	$0	$0
LARRY KEATHLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
JUDY BARSTOW	BOARD MEMBER	N/A	Director	$0	$0	$0
BETTY NEWTON	BOARD MEMBER	N/A	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	$148,496	$177,822	$222,999	$-29,326
2023	$148,148	$139,603	$239,909	$8,545
2022	$141,184	$152,101	$241,067	$-10,917