Union County Housing Associates Inc (EIN 472226030) - 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

Kathleen Graham

Phone

5705221300

Tax Period

2024-01-01 to 2024-12-31

Union County Housing Associates Inc, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 191% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE SAFE, DECENT, SANITARY, AFFORDABLE HOUSING TO INCOME ELIGIBLE RESIDENTS AND TO PROVIDE RELATED COMUNNITY SERVICES

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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 $1,000,308

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,000,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,052,780

Other Expenses $1,052,780

TOTAL EXPENSES $1,052,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,000,308	$344,200	+1.9%
Expenses	$1,052,780	$484,923	+1.2%
Net Income	$-52,472	$-140,723	-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

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
Kathleen Graham	Chairperson	001.00	Officer Director	$0	$0	$0
Richard D Owen	Vice Chair	001.00	Officer Director	$0	$0	$0
David Zelner	Treasurer	004.00	Officer Director	$0	$0	$0
Tim Turner	Member	001.00	Director	$0	$0	$0
Tom Zorn	Secretary	001.00	Officer Director	$0	$0	$0
Tim Kelleher	Member	001.00	Director	$0	$0	$0
Jo Annie Munoz	Member	001.00	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	$1,000,308	$1,052,780	$655,490	$-52,472
2023	$344,200	$484,923	$944,364	$-140,723
2022	$45,198	$214,417	$917,912	$-169,219
2021	$65,394	$37,370	$1,333,003	$28,024
2020	$45,010	$66,744	$1,304,979	$-21,734
2018	$201,334	$57,247	$1,076,522	$144,087

Union County Housing Associates Inc