HOUSING FIRST NETWORK

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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

2015

Legal Domicile

Principal Officer

JAMES VAGLE

Phone

6516971954

Tax Period

2024-01-01 to 2024-12-31

HOUSING FIRST NETWORK, founded in 2015, is a small nonprofit that reported $642K in total revenue in fiscal year 2024. The organization ran a surplus of $171K, a strong 27% operating margin.

Mission

THE HOUSING FIRST NETWORK ADVANCES THE MESSAGE OF HOUSING AFFORDABILITY, SMART REGULATIONS AND PROTECTION OF THE AMERICAN DREAM OF HOME OWNERSHIP FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $153,769 Revenue: $614,691

TO ADVANCE THE MESSAGE OF HOUSING AFFORDABILITY, SMART REGULATIONS AND PROTECTION OF THE AMERICAN DREAM OF HOME OWNERSHIP FOR ALL.

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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 $614,691

Investment Income $27,527

Other Revenue $0

TOTAL REVENUE $642,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,769

Other Expenses $471,269

TOTAL EXPENSES $471,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$642,218	$643,172	0.0%
Expenses	$471,269	$365,004	+0.3%
Net Income	$170,949	$278,168	-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

$591,773

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN QUINLIVAN	IMMEDIATE PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
ART PRATT	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
DALE LOEFFLER	PAST ASSOCIATE VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
PETER MARTIN	ASSOCIATE VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
TIM FOHR	BUILDER VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KRISTIN REINITZ	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN KRAEMER	TREASURER	0.50	Officer Director	$0	$0	$0
JAMES VAGLE	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$26,444	$363,664
JANICE MEYER	CHIEF OPERATING OFFICER	0.50	Officer	$0	$25,564	$228,109

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	$642,218	$471,269	$1,468,790	$170,949
2023	$643,172	$365,004	$1,324,488	$278,168
2022	$610,188	$794,975	$1,039,535	$-184,787
2021	$527,368	$247,058	$1,178,335	$280,310
2020	$500,759	$395,946	$867,803	$104,813
2019	$507,478	$143,447	$777,208	$364,031
2018	$476,775	$828,134	$284,698	$-351,359