SPACES FOR LIVING (EIN 450435851) - 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

1997

Legal Domicile

Principal Officer

PAM HEYD

Phone

7017728188

Tax Period

2025-01-01 to 2025-12-31

SPACES FOR LIVING, founded in 1997, is a small nonprofit in the Health Care sector that reported $280K in total revenue in fiscal year 2025. The organization ran a surplus of $71K, a strong 25% operating margin.

Mission

PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND.

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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 $199,435

Program Service Revenue $79,055

Investment Income $1,415

Other Revenue $0

TOTAL REVENUE $279,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $197,788

Other Expenses $208,695

TOTAL EXPENSES $208,695

Year-over-Year Comparison

	2025	2024	Change
Revenue	$279,905	$268,586	+0.0%
Expenses	$208,695	$203,122	+0.0%
Net Income	$71,210	$65,464	+0.1%

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

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

$358,904

Total Directors

$135,489

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR LELAND LIPP	MEMBER	0.25	Director	$0	$0	$0
GORDON JOHNSON	MEMBER	8.00	Director	$0	$20,032	$135,489
BOB HOFFERT	SECRETARY/TREASURER	0.25	Officer Director	$0	$0	$0
JOE O'NEIL	MEMBER	0.25	Director	$0	$0	$0
KATHERINE CAMPBELL	MEMBER	0.25	Director	$0	$0	$0
CODY VARNSON	PRESIDENT	0.25	Officer Director	$0	$0	$0
PAM HEYD	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$20,242	$135,561
TRICIA LEE	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$11,113	$223,343

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	$279,905	$208,695	$879,887	$71,210
2024	No data	No data	No data	No data
2023	$267,612	$157,277	$832,141	$110,335
2022	$232,509	$159,712	$695,493	$72,797
2021	$228,424	$163,988	$689,419	$64,436
2020	$236,859	$190,873	$685,584	$45,986
2019	$256,542	$178,592	$689,617	$77,950
2018	$247,161	$196,254	$668,930	$50,907

SPACES FOR LIVING