MINORITY HOUSING CORPORATION OF TOPEKA (EIN 481087157) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

DALE H CUSHINBERRY

Phone

8168614070

Tax Period

2023-01-01 to 2023-12-31

MINORITY HOUSING CORPORATION OF TOPEKA, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $232K in total revenue in fiscal year 2023.

Mission

TO PROVIDE SAFE AND AFFORDABLE HOUSING TO ELDERLY AND HANDICAPPED LOW INCOME FAMILIES AND INDIVIDUALS AS REGULATED BY THE U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $175

Program Service Revenue $228,351

Investment Income $3,533

Other Revenue $0

TOTAL REVENUE $232,059

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,388

Fundraising Expenses $0

Program Expenses $223,804

Other Expenses $204,146

TOTAL EXPENSES $249,534

Year-over-Year Comparison

	2023	2022	Change
Revenue	$232,059	$217,842	+0.1%
Expenses	$249,534	$252,661	0.0%
Net Income	$-17,475	$-34,819	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
TRACY D HICKS	BOARD MEMBER	0.50	Director	$0	$0	$0
DALE H CUSHINBERRY	PRESIDENT	1.00	Officer Director	$0	$0	$0
BEULAH CARRINGTON	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRY CANADY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT SANDERS	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$232,059	$249,534	$837,053	$-17,475
2022	$217,842	$252,661	$874,894	$-34,819
2021	$212,014	$260,252	$927,490	$-48,238
2020	$214,123	$261,334	$996,976	$-47,211
2019	$205,377	$241,564	$1,065,547	$-36,187
2018	$202,339	$217,189	$1,184,419	$-14,850

MINORITY HOUSING CORPORATION OF TOPEKA