THE HOUSING FOUNDATION OF WEST TENNESSEE INC (EIN 453066454) - 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

EARLE SCHWARZ

Phone

9012720607

Tax Period

2024-01-01 to 2024-12-31

THE HOUSING FOUNDATION OF WEST TENNESSEE INC, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $918K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $399K, a strong 44% operating margin.

Mission

TO ACQUIRE, ADAPT, MAINTAIN AND LEASE SAFE, ACCESSIBLE AND AFFORDABLE HOUSING FOR ELIGIBLE PERSONS WITH INTELLECTUAL DISABILITIES RESIDING IN WEST TENNESSEE.

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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 $395,114

Program Service Revenue $0

Investment Income $182,008

Other Revenue $340,628

TOTAL REVENUE $917,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,250

Fundraising Expenses $0

Program Expenses $434,584

Other Expenses $426,233

TOTAL EXPENSES $518,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$917,750	$685,175	+0.3%
Expenses	$518,483	$430,404	+0.2%
Net Income	$399,267	$254,771	+0.6%

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

N/A

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

$92,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA ROBINSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
VICKEY COLEMAN PH D	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY PROSTERMAN	TREASURER	1.00	Officer Director	$0	$0	$0
SANDRA CARTER	MEMBER	1.00	Director	$0	$0	$0
BARBARA L DEANS ATTY	MEMBER	1.00	Director	$0	$0	$0
LEONARD GOODMAN	MEMBER	1.00	Director	$0	$0	$0
RICARDO HEROS	MEMBER	1.00	Director	$0	$0	$0
STACHIA CUTCHIN	MEMBER	1.00	Director	$0	$0	$0
STEPHEN MAURY	MEMBER	1.00	Director	$0	$0	$0
DEBRA PAYNE	MEMBER	1.00	Director	$0	$0	$0
DANNY SCHAFFZIN	MEMBER	1.00	Director	$0	$0	$0
EARLE SCHWARZ ATTY	EXECUTIVE DIRECTOR	30.00	Officer	$92,250	$0	$92,250

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	$917,750	$518,483	$7,685,524	$399,267
2023	$685,175	$430,404	$6,867,424	$254,771
2022	$556,790	$417,956	$6,495,637	$138,834
2022	$556,790	$417,956	$6,495,637	$138,834
2021	$561,930	$359,164	$6,934,189	$202,766
2020	$405,986	$301,164	$6,600,562	$104,822
2019	$352,242	$270,618	$6,113,808	$81,624
2018	$302,135	$347,494	$5,876,675	$-45,359

THE HOUSING FOUNDATION OF WEST TENNESSEE INC