KENMARE HOUSING CORPORATION (EIN 450307500) - 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

1968

Legal Domicile

Principal Officer

SARA STASKYWICZ

Phone

7013853396

Tax Period

2025-01-01 to 2025-12-31

KENMARE HOUSING CORPORATION, founded in 1968, is a small nonprofit that reported $344K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Net assets of $2.1M represent 72 months of operating reserves.

Mission

TO PROMOTE THE GENERAL SOCIAL WELFARE OF THE COMMUNITY AND FOR THAT PURPOSE TO ACQUIRE, CONSTRUCT, PROVIDE, AND OPERATE RENTAL HOUSING AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELDERLY RURAL RESIDENTS OF LOW OR MODERATE INCOME OR OTHER RURAL RESIDENTS OF LOW INCOME.

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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 (2025)

Revenue Breakdown

Contributions & Grants $66,601

Program Service Revenue $208,690

Investment Income $60,653

Other Revenue $7,574

TOTAL REVENUE $343,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,858

Fundraising Expenses $0

Program Expenses $294,320

Other Expenses $310,116

TOTAL EXPENSES $338,974

Year-over-Year Comparison

	2025	2024	Change
Revenue	$343,518	$366,483	-0.1%
Expenses	$338,974	$280,569	+0.2%
Net Income	$4,544	$85,914	-0.9%

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

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

$20,575

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT BORUD	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE SIMONEAU	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EDDY PULLEN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CURT HELMERS	DIRECTOR	1.00	Director	$0	$0	$0
CLAY NELSON	DIRECTOR	1.00	Director	$0	$0	$0
SARA STASKYWICZ	TOP MANAGEMENT/FINANCIAL O	24.00	Officer	$20,575	$0	$20,575

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	$343,518	$338,974	$2,340,985	$4,544
2024	$366,483	$280,569	$2,352,874	$85,914
2023	$2,062,757	$321,913	$2,290,596	$1,740,844
2022	$310,207	$326,977	$562,863	$-16,770
2021	$271,456	$254,389	$577,544	$17,067
2020	$309,813	$246,898	$575,336	$62,915
2019	$227,340	$246,467	$527,398	$-19,127
2018	$252,474	$276,225	$570,809	$-23,751

KENMARE HOUSING CORPORATION