HOMEOWNERSHIP EDUCATION RESOURCE ORGANIZATION (EIN 450467089) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

CHAS OLSON

Phone

6057733181

Tax Period

2023-07-01 to 2024-06-30

HOMEOWNERSHIP EDUCATION RESOURCE ORGANIZATION, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $238K in total revenue in fiscal year 2020. Revenue fell 53% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE HOMEOWNERSHIP EDUCATION PROFESSIONALS WITH STANDARDS OF LEARNING OBJECTIVES TO ADVANCE HOMEOWNERSHIP THROUGH HIGH QUALITY, CONSISTENT EDUCATION, GIVING SOUTH DAKOTANS A BETTER OPPORTUNITY TO ACHIEVE AND MAINTAIN HOMEOWNERSHIP.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $261,695

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $261,695

Expense Breakdown

Grants Paid $260,960

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $261,695

Other Expenses $735

TOTAL EXPENSES $261,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$261,695	$325,342	-0.2%
Expenses	$261,695	$325,342	-0.2%
Net Income	$0	N/A	N/A

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

$290,106

Total Directors

$7,875

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
SCOTT ERICKSON	COMMISSIONER	Director	$0	$0	$1,425
PRESTON STEELE	COMMISSIONER	Director	$0	$0	$1,350
BILL HANSEN	COMMISSIONER	Director	$0	$0	$1,500
RICK HOHN	COMMISSIONER	Director	$0	$0	$1,200
MARK ROBY	COMMISSIONER	Director	$0	$0	$1,200
JONATHAN GUENTHNER	COMMISSIONER	Director	$0	$0	$750
ALEX JENSEN	COMMISSIONER	Director	$0	$0	$450
CHAS OLSON	EXECUTIVE DI	Officer	$0	$18,097	$129,393
TODD HIGHT	FINANCE DIRE	Officer	$0	$34,241	$160,713

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	$261,695	$261,695	No data	No data
2023	$325,342	$325,342	No data	No data
2022	$348,367	$348,367	No data	No data
2021	$238,099	$238,099	No data	No data

HOMEOWNERSHIP EDUCATION RESOURCE ORGANIZATION