SHARON RIDGE EXPANSION CORPORATION (EIN 465761700) - 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

2014

Legal Domicile

Principal Officer

BRENT COLLEY

Phone

8603641372

Tax Period

2024-07-01 to 2025-06-30

SHARON RIDGE EXPANSION CORPORATION, founded in 2014, is a small nonprofit that reported $178K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $233K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING TO INDIVIDUALS AND FAMILIES IN THE TOWN OF SHARON, CONNECTICUT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $177,697

Investment Income $3

Other Revenue $0

TOTAL REVENUE $177,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,848

Fundraising Expenses $0

Program Expenses $188,933

Other Expenses $218,186

TOTAL EXPENSES $233,034

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,700	$153,535	+0.2%
Expenses	$233,034	$241,580	0.0%
Net Income	$-55,334	$-88,045	-0.4%

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

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
BRENT COLLEY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DONALD CASTONGUAY	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER BAIRD	COMMISSIONER	2.00	Director	$0	$0	$0
DORA PRUE	TENANT REPRESENTATIVE	2.00	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
2025	$177,700	$233,034	$2,936,128	$-55,334
2024	No data	No data	No data	No data
2023	$207,497	$242,220	$3,088,202	$-34,723
2022	$154,976	$229,274	$3,121,487	$-74,298
2021	$164,978	$214,590	$3,223,479	$-49,612
2020	$162,028	$216,706	$3,263,554	$-54,678
2019	$159,335	$204,574	$3,330,148	$-45,239

SHARON RIDGE EXPANSION CORPORATION