FREMONT ASSISTED HOUSING CORPORATIO (EIN 463825583) - 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

RITA GRIGG

Phone

4027274848

Tax Period

2021-01-01 to 2021-12-31

FREMONT ASSISTED HOUSING CORPORATIO, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $685K in total revenue in fiscal year 2021. The organization ran a surplus of $684K, a strong 100% operating margin.

Mission

FREMONT ASSISTED HOUSING CORPORATION WORKS TO PROVIDE, PRESERVE AND CREATE SAFE AFFORDABLE HOUSING OPPORTUNITIES TO THE RESIDENTS OF THE CITY OF FREMONT, NEBRASKA AND SURROUNDING AREAS WITHIN ITS JURISDICTION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $684,643

Program Service Revenue $0

Investment Income $5

Other Revenue $0

TOTAL REVENUE $684,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15

Other Expenses $165

TOTAL EXPENSES $165

Year-over-Year Comparison

	2021	2020	Change
Revenue	$684,648	N/A	N/A
Expenses	$165	N/A	N/A
Net Income	$684,483	N/A	N/A

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

N/A

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
LETA FORNOFF	DIRECTOR	0.50	Director	$0	$0	$0
MARTY GIFFORD	DIRECTOR	0.50	Director	$0	$0	$0
RITA GRIGG	EXECUTIVE DI	1.00	Director	$0	$0	$0
BLAIR HORNER	DIRECTOR	0.50	Director	$0	$0	$0
DAN NELSON	DIRECTOR	0.50	Director	$0	$0	$0
MAGGIE ZARATE	DIRECTOR	0.50	Director	$0	$0	$0
STAN DARLING	PRESIDENT	0.50	Officer	$0	$0	$0
FRANK KMENT	VICE PRESIDE	0.50	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
2021	$684,648	$165	$729,296	$684,483

FREMONT ASSISTED HOUSING CORPORATIO