AFFORDABLE HOME INSURANCE CHARITIES FOUNDATION INC (EIN 461854528) - 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

2013

Legal Domicile

Principal Officer

DREW ARMACOST

Phone

8508650198

Tax Period

2022-01-01 to 2022-12-31

AFFORDABLE HOME INSURANCE CHARITIES FOUNDATION INC, founded in 2013, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $23K in total revenue in fiscal year 2022. Revenue surged 4548% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13K, a strong 54% operating margin.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO INDIVIDUALS OR ORGANIZATIONS THAT QUALIFY AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

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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 $53,830

Program Service Revenue $0

Investment Income $0

Other Revenue $-30,592

TOTAL REVENUE $23,238

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,705

Other Expenses $2,609

TOTAL EXPENSES $10,609

Year-over-Year Comparison

	2022	2021	Change
Revenue	$23,238	$500	+45.5%
Expenses	$10,609	$2,467	+3.3%
Net Income	$12,629	$-1,967	-7.4%

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
DENNIS P GAGNON JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
DREW ARMACOST	TREASURER / SECRETARY	5.00	Officer	$0	$0	$0
BRIAN BRENNAN	VICE PRESIDENT	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
2022	$23,238	$10,609	$27,608	$12,629
2021	$500	$2,467	$14,979	$-1,967
2020	$8,000	$10,239	$16,946	$-2,239
2019	$39,681	$36,298	$19,185	$3,383
2018	$38,915	$33,801	$15,802	$5,114

AFFORDABLE HOME INSURANCE CHARITIES FOUNDATION INC