WESTERN IOWA COMMUNITY IMPROVEMENT REGIONAL HOUSING TRUST FUND (EIN 460671912) - 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

2012

Legal Domicile

Principal Officer

MICHELLE BOSTINELOS

Phone

7122796919

Tax Period

2022-01-01 to 2022-12-31

WESTERN IOWA COMMUNITY IMPROVEMENT REGIONAL HOUSING TRUST FUND, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $549K in total revenue in fiscal year 2022. Revenue surged 113% from the prior year, signaling strong growth momentum. Expenses of $532K left a modest 3% surplus.

Mission

TO FURTHER THE PRESERVATION AND DEVELOPMENT OF AFFORDABLE HOUSING AND GROW AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-TO-MODERATE INCOME HOUSEHOLDS IN CHEROKEE, IDA, MONONA, PLYMOUTH, AND WOODBURY COUNTIES IN IOWA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $549,058

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $549,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,893

Fundraising Expenses $0

Program Expenses $501,663

Other Expenses $477,604

TOTAL EXPENSES $532,497

Year-over-Year Comparison

	2022	2021	Change
Revenue	$549,058	$257,926	+1.1%
Expenses	$532,497	$259,668	+1.1%
Net Income	$16,561	$-1,742	-10.5%

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
KEITH RADIG	CHAIR	1.00	Officer Director	$0	$0	$0
GARY HORTON	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DEVLUN WHITEING	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN PETERSEN	DIRECTOR	1.00	Director	$0	$0	$0
VINCE PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE COLLING	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BREKKE	DIRECTOR	1.00	Director	$0	$0	$0
JASON RASMUS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MEYER	DIRECTOR	1.00	Director	$0	$0	$0
RITA FRAHM	DIRECTOR	1.00	Director	$0	$0	$0
CLINT WEAVER	DIRECTOR	1.00	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
2022	$549,058	$532,497	$319,693	$16,561
2021	$257,926	$259,668	$313,830	$-1,742
2020	$250,982	$213,850	$331,735	$37,132
2019	$312,249	$293,223	$327,006	$19,026
2018	$334,169	$239,550	$271,502	$94,619

WESTERN IOWA COMMUNITY IMPROVEMENT REGIONAL HOUSING TRUST FUND