PISGAH INC (EIN 470838844) - 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

2001

Legal Domicile

Principal Officer

RALPH LASSITER

Phone

4023337373

Tax Period

2022-07-01 to 2023-06-30

PISGAH INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $183K in total revenue in fiscal year 2022. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $211K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE NOT FOR PROFIT ORGANIZATION WAS FORMED FOR THE PURPOSE OF OPERATING A 21 UNIT COMMUNITY KNOWN AS CONCORD SQUARE APARTMENTS LOCATED IN OMAHA, NEBRASKA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS. THE CORPORATION WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR 20 OF THE 21 UNITS AS PROVIDED BY SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.

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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 $104,910

Program Service Revenue $77,577

Investment Income $10

Other Revenue $883

TOTAL REVENUE $183,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $172,488

Other Expenses $210,750

TOTAL EXPENSES $210,750

Year-over-Year Comparison

	2022	2021	Change
Revenue	$183,380	$150,491	+0.2%
Expenses	$210,750	$223,583	-0.1%
Net Income	$-27,370	$-73,092	-0.6%

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
RALPH LASSITER	PRESIDENT	0.50	Officer Director	$0	$0	$0
T MICHAEL WILLIAMS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
VIRGINIA LEMMONS	SECRETARY	0.50	Officer Director	$0	$0	$0
HOWARD DIXON	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$183,380	$210,750	$753,297	$-27,370
2022	$150,491	$223,583	$790,956	$-73,092
2021	$155,836	$204,406	$836,427	$-48,570
2020	$155,668	$193,298	$875,941	$-37,630
2019	$149,997	$183,784	$912,921	$-33,787

PISGAH INC