HOOSIER HOUSING GROUP INC (EIN 463491686) - 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

DOUGLASS B SMITH

Phone

6156479004

Tax Period

2023-07-01 to 2024-06-30

HOOSIER HOUSING GROUP INC, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE AFFORDABLE HOUSING OPTIONS TO THE ELDERLY AND LOW INCOME FAMILIES. IT OWNS AND OPERATES HOUSING FOR ELDERLY, POOR, DISTRESSED, UNDER PRIVILEGED, AND DISABLED PERSONS.

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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 $0

Program Service Revenue $1,688,774

Investment Income $176,681

Other Revenue $20,481

TOTAL REVENUE $1,885,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,131

Fundraising Expenses $0

Program Expenses $2,188,629

Other Expenses $2,111,683

TOTAL EXPENSES $2,410,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,885,936	$5,474,625	-0.7%
Expenses	$2,410,814	$1,507,308	+0.6%
Net Income	$-524,878	$3,967,317	-1.1%

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

$1,096,472

Total Directors

$1,060,132

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLASS SMITH	DIRECTOR/PRESIDENT	5.10	Officer Director	$0	$36,209	$537,232
JIM RIDENOUR	DIRECTOR/CHAIRMAN	1.10	Director	$0	$0	$143,500
JO ANN CORBITT	DIRECTOR	1.10	Director	$0	$0	$92,650
JOHN G FOOS	DIRECTOR	1.10	Director	$0	$0	$81,000
STEPHEN F WOOD JR	DIRECTOR	1.10	Director	$0	$0	$78,500
LAURA HAWKEN	DIRECTOR	1.10	Director	$0	$0	$67,250
CHRIS HODGES	DIRECTOR	2.30	Director	$0	$0	$60,000
ANDREA BARACH	VP AND CORPORATE SECRETARY	5.00	Officer	$0	$22,921	$311,096
CHRISTOPHER LOUDER	VP FINANCE	2.60	Officer	$0	$37,226	$248,144
STEPHEN F WOOD SR	FORMER DIRECTOR	0.00		$0	$0	$52,500
JOHN E GILLMOR	FORMER DIRECTOR	0.00		$0	$0	$28,800

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
2025	No data	No data	No data	No data
2024	$1,088,484	$1,279,395	$29,103,500	$-190,911
2024	$1,885,936	$2,410,814	$30,311,598	$-524,878
2023	$5,474,625	$1,507,308	$21,427,804	$3,967,317
2022	$3,026,720	$1,232,883	$14,479,892	$1,793,837
2021	$1,167,753	$1,018,565	$9,528,227	$149,188
2020	$2,634,063	$3,115,026	$20,957,198	$-480,963
2019	$2,602,087	$2,266,864	$17,724,223	$335,223
2018	$824,606	$1,650,483	$5,597,808	$-825,877

HOOSIER HOUSING GROUP INC