NORTH DAKOTA MANUFACTURED HOUSING … - Form 990 Financial Data

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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

1957

Legal Domicile

Principal Officer

TOM ERIE

Phone

7012236671

Tax Period

2024-01-01 to 2024-12-31

NORTH DAKOTA MANUFACTURED HOUSING ASSOCIATION, founded in 1957, is a small nonprofit that reported $106K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $41K, a strong 38% operating margin.

Mission

PROMOTE FAIR LAWS AND REGULATIONS, INCREASE AND IMPROVE FINANCING OPTIONS, PROMOTE A POSITIVE IMAGE OF MANUFACTURED HOUSING, PROVIDE TECHNICAL ANALYSIS AND COUNSEL, PROMOTE INDUSTRY PROFESSIONALISM AND REMOVE ZONING BARRIERS TO THE USE OF MANUFACTURED HOUSING.

Program Service Accomplishments

Program 1

Expenses: $40,649 Revenue: $3,900

KEEPING THE MEMBERS INFORMED ABOUT ISSUES AND REGULATIONS AFFECTING THE MANUFACTURED HOUSING INDUSTRY.

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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 $62,925

Program Service Revenue $3,900

Investment Income $38,927

Other Revenue $0

TOTAL REVENUE $105,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146

Fundraising Expenses $0

Program Expenses $40,649

Other Expenses $64,906

TOTAL EXPENSES $65,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,752	$111,808	-0.1%
Expenses	$65,052	$97,976	-0.3%
Net Income	$40,700	$13,832	+1.9%

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

N/A

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

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK OLSEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
LARRY GULLICKSON	PAST PRESIDENT	2.00	Director	$0	$0	$0
JENNIFER SCHOFFSTALL	DIRECTOR	2.00	Director	$0	$0	$0
TOM ERIE	DIRECTOR	2.00	Director	$0	$0	$0
JEFF CARLSON	DIRECTOR	2.00	Director	$0	$0	$0
CHAD EVANS	DIRECTOR	2.00	Director	$0	$0	$0
TJ TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
BARRY DONNAN	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT KOHLENBERG	FINANCIAL DIRECTOR	2.00	Director	$0	$0	$0
KENT FRENCH	DIRECTOR	2.00	Director	$20,000	$0	$20,000
COREY THEIS	DIRECTOR	2.00	Director	$0	$0	$0
CURT LIECHTY	DIRECTOR	2.00	Director	$0	$0	$0
JIM FARNSWORTH	DIRECTOR	2.00	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
2024	$105,752	$65,052	$802,074	$40,700
2023	$111,808	$97,976	$746,798	$13,832
2022	$1,656	$76,978	$732,971	$-75,322
2021	$113,881	$88,421	$808,075	$25,460
2020	$79,558	$63,417	$782,534	$16,141
2019	$90,539	$68,295	$768,352	$22,244
2018	$87,860	$70,284	$741,109	$17,576

NORTH DAKOTA MANUFACTURED HOUSING ASSOCIATION