SULLIVAN HOMES INC (EIN 431329614) - Form 990 Financial Analysis & Trantor Score

🔒

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

1974

Legal Domicile

Phone

5737341033

Tax Period

2025-01-01 to 2025-12-31

SULLIVAN HOMES INC, founded in 1974, is a small nonprofit in the Housing & Shelter sector that reported $207K in total revenue in fiscal year 2025. Net assets of $587K represent 34 months of operating reserves.

Mission

PROVDE LOW INCOME HOUSING

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $12,756

Program Service Revenue $193,969

Investment Income $434

Other Revenue $0

TOTAL REVENUE $207,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,752

Fundraising Expenses $0

Program Expenses $211,304

Other Expenses $174,262

TOTAL EXPENSES $215,014

Year-over-Year Comparison

	2025	2024	Change
Revenue	$207,159	$202,524	+0.0%
Expenses	$215,014	$212,439	+0.0%
Net Income	$-7,855	$-9,915	-0.2%

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

$40,752

Total Directors

$40,752

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH THURMOND	Treasurer	20.00	Officer Director	$40,752	$0	$40,752
JUDY MCPHERSON	President	1.00	Officer Director	$0	$0	$0
RICK DOTSON	Director	1.00	Director	$0	$0	$0
LYNN STROTHER	Vice President	1.00	Officer Director	$0	$0	$0
LECIA THURMOND	Secretary	1.00	Officer Director	$0	$0	$0
AUDREY SHETLEY	Director	1.00	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	$207,159	$215,014	$605,736	$-7,855
2024	$202,524	$212,439	$611,880	$-9,915
2023	$204,854	$198,592	$621,659	$6,262
2022	$195,297	$197,428	$618,140	$-2,131
2021	$205,205	$206,809	$618,216	$-1,604
2020	$194,404	$181,346	$619,487	$13,058
2019	$263,512	$192,148	$605,176	$71,364
2018	$190,732	$184,075	$615,642	$6,657

SULLIVAN HOMES INC