Abilene Housing Inc (EIN 480853525) - 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

1978

Legal Domicile

Principal Officer

Elgin J Glanzer

Phone

7852631098

Tax Period

2024-10-01 to 2025-09-30

Abilene Housing Inc, founded in 1978, is a small nonprofit that reported $587K in total revenue in fiscal year 2024. Net assets of $1.2M represent 25 months of operating reserves.

Mission

Providing low-income housing and social activities for the elderly.

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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 $2,904

Program Service Revenue $578,572

Investment Income $5,265

Other Revenue $0

TOTAL REVENUE $586,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,752

Fundraising Expenses $0

Program Expenses $397,025

Other Expenses $459,680

TOTAL EXPENSES $580,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$586,741	$559,342	+0.0%
Expenses	$580,432	$598,428	0.0%
Net Income	$6,309	$-39,086	-1.2%

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

$31,199

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R Harold Courtois	President and Secretary (Oct - Jun)	1.00	Officer Director	$0	$0	$0
Kimberly Haverly	President and Secretary (Jul - Sep)	1.00	Officer Director	$0	$0	$0
Elgin J Glanzer	Board Treasurer	1.00	Officer Director	$0	$0	$0
J Dennis Biggs MD	Board Chair	1.00	Director	$0	$0	$0
Angela Johnson	Board Member	1.00	Director	$0	$0	$0
Sara Boyd	Board Member	1.00	Director	$0	$0	$0
Nichole Carney	Manager	40.00	Officer	$31,199	$0	$31,199

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	$586,741	$580,432	$2,029,625	$6,309
2024	$559,342	$598,428	$2,046,633	$-39,086
2023	$523,073	$546,455	$2,065,006	$-23,382
2022	$526,843	$524,292	$1,737,084	$2,551
2021	$521,632	$493,642	$1,873,074	$27,990
2020	$568,239	$456,805	$1,867,446	$111,434
2019	$522,030	$485,176	$1,865,406	$36,854
2018	$543,453	$468,218	$1,910,681	$75,235

Abilene Housing Inc