TIOGA COUNTY HOMELESS INITIATIVE

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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

2012

Legal Domicile

Principal Officer

NANCY TUBBS

Phone

5708355703

Tax Period

2024-01-01 to 2024-12-31

TIOGA COUNTY HOMELESS INITIATIVE, founded in 2012, is a small nonprofit in the Human Services sector that reported $411K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $198K, a strong 48% operating margin.

Mission

TCHI IS A GROUP OF INDIVIDUALS CONCERNED ABOUT THE GROWING HOMELESS POPULATION WITHIN OUR COMMUNITIES. TCHI'S MISSION IS TO ESTABLISH A FAITH BASED NETWORK OF CHURCHES AND ORGANIZATIONS WITHIN TIOGA COUNTY WHICH WILL PROVIDE A WARM, SAFE, AND CARING ENVIRONMENT FOR INDIVIDUALS AND FAMILIES WHO ARE HOMELESS.

Program Service Accomplishments

Program 1

Expenses: $153,737

HOMELESS SHELTER OPERATIONS FUNDED SOLELY BY GRANTS AND DONATIONS WITH NO COSTS TO THOSE WHO USE THE SERVICES.

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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 $402,133

Program Service Revenue $0

Investment Income $422

Other Revenue $8,347

TOTAL REVENUE $410,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,053

Fundraising Expenses $0

Program Expenses $153,737

Other Expenses $118,562

TOTAL EXPENSES $212,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,902	$257,053	+0.6%
Expenses	$212,615	$169,462	+0.3%
Net Income	$198,287	$87,591	+1.3%

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

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

$44,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL WOOLEY	PRESIDENT	5.00	Officer	$0	$0	$0
TOM HARMIC	VICE PRESIDE	5.00	Officer	$0	$0	$0
ROBERT WOOLEY	SECRETARY	5.00	Officer	$0	$0	$0
NANCY TUBBS	TREASURER	5.00	Officer	$0	$0	$0
ABIGAL THORBORG	DIRECTOR OPE	40.00	Director	$44,875	$0	$44,875
JASON BUMP	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHN SYLOR	BOARD MEMBER	3.00	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	$410,902	$212,615	$1,351,061	$198,287
2023	$257,053	$169,462	$1,152,756	$87,591
2022	$526,290	$136,755	$1,066,706	$389,535
2021	$297,191	$152,255	$677,173	$144,936
2020	$237,354	$126,604	$532,745	$110,750
2019	$340,052	$99,488	$371,367	$240,564
2018	$100,940	$91,928	$163,992	$9,012