NIACOG HOUSING TRUST FUND INC (EIN 452989334) - 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

2011

Legal Domicile

Principal Officer

MYRTLE NELSON

Phone

6414230491

Tax Period

2024-01-01 to 2024-12-31

NIACOG HOUSING TRUST FUND INC, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.1M left a modest 7% surplus.

Mission

TO ENHANCE AFFORDABLE HOUSING STOCK AND ITS AVAILABILITY TO LOW TO MODERATE INCOME HOUSEHOLDS WITHIN THE FUND'S MEMBER COUNTIES

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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 $1,182,998

Program Service Revenue $19,445

Investment Income $4,582

Other Revenue $0

TOTAL REVENUE $1,207,025

Expense Breakdown

Grants Paid $1,043,819

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,061,014

Other Expenses $80,790

TOTAL EXPENSES $1,124,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,207,025	$1,368,057	-0.1%
Expenses	$1,124,609	$1,364,071	-0.2%
Net Income	$82,416	$3,986	+19.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACQUELYN ARTHUR	DIRECTOR	1.00	Director	$0	$0	$0
BARRETT DEATHELINEAU	SECRETARY-TR	1.00	Officer Director	$0	$0	$0
FLORENCE SIS GREIMAN	DIRECTOR	1.00	Director	$0	$0	$0
RANDY HASSMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TIM LATHAM	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA LITTERER	CHAIR	1.00	Officer Director	$0	$0	$0
GARY MCVICKER	DIRECTOR	1.00	Director	$0	$0	$0
TREVER OLSEN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MYRTLE NELSON	EXECUTIVE DI	1.00	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	$1,207,025	$1,124,609	$530,612	$82,416
2023	$1,368,057	$1,364,071	$436,213	$3,986
2022	$632,704	$564,999	$428,592	$67,705
2021	$754,202	$693,830	$252,578	$60,372
2020	$683,384	$686,549	$193,087	$-3,165
2019	$902,683	$845,096	$197,275	$57,587
2018	$600,880	$588,260	$133,291	$12,620

NIACOG HOUSING TRUST FUND INC