CARROLL COUNTY HOUSING DEVELOPMENT (EIN 431178521) - 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

1981

Legal Domicile

Principal Officer

MIKE RICE

Tax Period

2023-01-01 to 2023-12-31

CARROLL COUNTY HOUSING DEVELOPMENT, founded in 1981, is a small nonprofit that reported $113K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Net assets of $542K represent 58 months of operating reserves.

Mission

TO PROVIDE SENIOR CITIZENS LOW INCOME 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 (2023)

Revenue Breakdown

Contributions & Grants $15,225

Program Service Revenue $95,802

Investment Income $1,335

Other Revenue $431

TOTAL REVENUE $112,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,135

Fundraising Expenses $0

Program Expenses $121,742

Other Expenses $115,607

TOTAL EXPENSES $121,742

Year-over-Year Comparison

	2023	2022	Change
Revenue	$112,793	$273,898	-0.6%
Expenses	$121,742	$114,847	+0.1%
Net Income	$-8,949	$159,051	-1.1%

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

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

$1,800

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ANGEE GERMANN	BOARD MEMBER AND MANAGER	Director	$1,800	$0	$1,800
PAT POTTER	BOARD MEMBER	Director	$0	$0	$0
WANDA WILSON	BOARD MEMBER	Director	$0	$0	$0
CAROL KOCH	BOARD MEMBER	Director	$0	$0	$0
JOHN STEWART	BOARD MEMBER	Director	$0	$0	$0
PATSI MILLER	BOARD MEMBER	Director	$0	$0	$0
MIKE RICE	PRESIDENT	Officer Director	$0	$0	$0
JAMES PAUL	VICE PRESIDENT	Officer Director	$0	$0	$0
LINDA LAVELOCK	SECTREASURER	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	No data	No data	No data	No data
2023	$112,793	$121,742	$1,985,966	$-8,949
2022	$273,898	$114,847	$951,631	$159,051
2021	$117,016	$135,825	$558,242	$-18,809
2020	$437,516	$117,296	$584,273	$320,220

CARROLL COUNTY HOUSING DEVELOPMENT