HOUSING IN OMAHA INC (EIN 470619339) - 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

2002

Legal Domicile

Principal Officer

JOANIE BALK

Phone

4024446900

Tax Period

2024-01-01 to 2024-12-31

HOUSING IN OMAHA INC, founded in 2002, is a micro nonprofit that reported $6K in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $70K exceeded revenue, resulting in a 1025% operating deficit.

Mission

PROVIDE AFFORDABLE HOUSING TO LOW-INCOME 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $6,222

Other Revenue $0

TOTAL REVENUE $6,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,013

Other Expenses $70,013

TOTAL EXPENSES $70,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,222	$2,073,924	-1.0%
Expenses	$70,013	$2,662,548	-1.0%
Net Income	$-63,791	$-588,624	-0.9%

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

$237,234

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BALK JOANIE	CEO	1.00	Director	$0	$32,246	$237,234
VELAND TONY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ENGLE TODD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CAVANAUGH MATTHEW	COMMISSIONER	1.00	Director	$0	$0	$0
JOHNSON CHRISTINE	COMMISSIONER	1.00	Director	$0	$0	$0
JOHNSON ERIC	COMMISSIONER	1.00	Director	$0	$0	$0
LEVY DAVID	COMMISSIONER	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
2024	$6,222	$70,013	$6,873,751	$-63,791
2023	$2,073,924	$2,662,548	$14,409,976	$-588,624
2022	$6,181,974	$4,539,072	$14,827,450	$1,642,902
2021	$3,936,471	$3,751,534	$17,600,066	$184,937
2020	$1,293,987	$2,018,963	$10,324,298	$-724,976
2019	$862,865	$756,214	$9,238,525	$106,651
2018	$1,079,362	$518,990	$8,655,054	$560,372

HOUSING IN OMAHA INC