POSTON HOUSING INC (EIN 431843385) - 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

1999

Legal Domicile

Principal Officer

SOLOMON GARRETT

Phone

9017597284

Tax Period

2024-01-01 to 2024-12-31

POSTON HOUSING INC, founded in 1999, is a small nonprofit that reported $497K in total revenue in fiscal year 2024. Expenses of $608K exceeded revenue, resulting in a 22% operating deficit.

Mission

PROVIDES HOUSING TO LOW INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

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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 $0

Program Service Revenue $492,835

Investment Income $4,097

Other Revenue $0

TOTAL REVENUE $496,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,412

Fundraising Expenses $0

Program Expenses $536,147

Other Expenses $498,695

TOTAL EXPENSES $608,107

Year-over-Year Comparison

	2024	2023	Change
Revenue	$496,932	$468,437	+0.1%
Expenses	$608,107	$556,927	+0.1%
Net Income	$-111,175	$-88,490	+0.3%

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

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
SOLOMON GARRETT	PRESIDENT	N/A	Officer	$0	$0	$0
LOIS GILDER	SECRETARY	N/A	Officer	$0	$0	$0
VIVIAN HENRY	TREASURER	N/A	Officer	$0	$0	$0
EDWARD REID	VICE PRESIDE	N/A	Officer	$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	$496,932	$608,107	$1,664,459	$-111,175
2023	$468,437	$556,927	$1,756,530	$-88,490
2022	$426,378	$521,316	$1,831,266	$-94,938
2021	$397,011	$507,165	$1,942,231	$-110,154
2020	$398,488	$451,774	$2,032,079	$-53,286
2018	$404,809	$455,300	$2,168,208	$-50,491

POSTON HOUSING INC