MILLINOCKET HOUSING CORPORATION (EIN 510168119) - 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

1975

Legal Domicile

Principal Officer

SANDRA WILLARD

Phone

2077234301

Tax Period

2019-01-01 to 2019-12-31

MILLINOCKET HOUSING CORPORATION, founded in 1975, is a small nonprofit that reported $644K in total revenue in fiscal year 2019. Expenses of $784K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE LOW COST HOUSING FOR THE NEEDY

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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 (2019)

Revenue Breakdown

Contributions & Grants $337,523

Program Service Revenue $306,423

Investment Income $243

Other Revenue $0

TOTAL REVENUE $644,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,553

Fundraising Expenses $0

Program Expenses $705,131

Other Expenses $592,977

TOTAL EXPENSES $783,530

Year-over-Year Comparison

	2019	2018	Change
Revenue	$644,189	$647,727	0.0%
Expenses	$783,530	$712,337	+0.1%
Net Income	$-139,341	$-64,610	+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

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

$53,853

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH CLARK	SITE MANAGER	40.00	Officer	$53,853	$0	$53,853
ROSALIE WENTWORTH	Vice President	0.00	Officer Director	$0	$0	$0
MICHAEL CROWLEY	Director	0.00	Director	$0	$0	$0
ARNOLD HOPKINS	President	0.00	Officer Director	$0	$0	$0
LOUISE PELLETIER	Director	0.00	Director	$0	$0	$0
MARY BOUCHARD	Director	0.00	Director	$0	$0	$0
JOYCE LYNCH	Director	0.00	Director	$0	$0	$0
HUGH CUMMINGS	Director	0.00	Director	$0	$0	$0
LOUIS PELLETIER	Director	0.00	Director	$0	$0	$0
RODNEY DAIGLE	Director	0.00	Director	$0	$0	$0
SANDRA WILLARD	Secretary/Tres	0.00	Officer 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
2019	$644,189	$783,530	$1,519,029	$-139,341
2018	$647,727	$712,337	$1,644,127	$-64,610

MILLINOCKET HOUSING CORPORATION