GRAND FORKS HOMES INC (EIN 456035977) - 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

1969

Legal Domicile

Principal Officer

TERRY HANSON

Phone

7017462545

Tax Period

2023-01-01 to 2023-12-31

GRAND FORKS HOMES INC, founded in 1969, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2023. Expenses of $5.5M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO 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 (2023)

Revenue Breakdown

Contributions & Grants $2,550,202

Program Service Revenue $1,741,013

Investment Income $62,978

Other Revenue $0

TOTAL REVENUE $4,354,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,223,026

Other Expenses $5,508,236

TOTAL EXPENSES $5,508,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,354,193	$4,265,696	+0.0%
Expenses	$5,508,236	$4,910,846	+0.1%
Net Income	$-1,154,043	$-645,150	+0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON KOTRBA	MEMBER	1.00	Director	$0	$0	$0
JOANI KILBER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES WALKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
PASTOR PETER COEN TUFF	MEMBER	1.00	Director	$0	$0	$0
CHERI NEUROTH	MEMBER	1.00	Director	$0	$0	$0
EMILY FOSSEN	MEMBER	1.00	Director	$0	$0	$0
JEFFREY GUY	MEMBER	1.00	Director	$0	$0	$0
TERRY HANSON	SECRETARY	5.00	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
2023	$4,354,193	$5,508,236	$14,092,739	$-1,154,043
2022	$4,265,696	$4,910,846	$14,357,840	$-645,150
2021	$4,689,761	$5,000,964	$15,056,790	$-311,203
2020	$4,473,354	$4,424,962	$15,508,002	$48,392
2019	$3,310,276	$3,502,966	$13,924,989	$-192,690
2018	$2,891,917	$3,160,306	$13,562,452	$-268,389

GRAND FORKS HOMES INC