VISION COMMUNITIES INC (EIN 510415780) - 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

2002

Legal Domicile

Principal Officer

DAVID M FLAHERTY

Phone

3178169300

Tax Period

2024-01-01 to 2024-12-31

VISION COMMUNITIES INC, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 56% operating margin.

Mission

VISION COMMUNITIES, INC. IS AN INDIANA NONPROFIT CORPORATION FORMED ON JULY 26, 2002, TO ENGAGE IN COMMUNITY DEVELOPMENT ACTIVITIES THAT FOSTER AND SUPPORT THE RELIEF FOR THE POOR AND DISTRESSED, OR OF THE UNDERPRIVILEGED, THE PROMOTION OF SOCIAL WELFARE, THE LESSENING OF NEIGHBORHOOD TENSIONS, THE ELIMINATION OF PREJUDICE AND DISCRIMINATION OR THE COMBATING OF COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY, AND TO PROVIDE SAFE AND DECENT HOUSING TO LOW-TO-MODERATE-INCOME PERSONS.

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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 $306,011

Program Service Revenue $1,399,038

Investment Income $192,274

Other Revenue $2,170,094

TOTAL REVENUE $4,067,417

Expense Breakdown

Grants Paid $83,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,712,809

Other Expenses $1,705,102

TOTAL EXPENSES $1,788,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,067,417	$1,916,736	+1.1%
Expenses	$1,788,102	$2,535,953	-0.3%
Net Income	$2,279,315	$-619,217	-4.7%

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
DAVE KELLER	TREASURER	0.30	Officer Director	$0	$0	$0
JERRY COLLINS	SECRETARY	0.30	Officer Director	$0	$0	$0
DAVID FLAHERTY	PRESIDENT	0.30	Officer Director	$0	$0	$0
DAVID BARTUS	DIRECTOR	0.30	Director	$0	$0	$0
DOUG HANNOY	DIRECTOR	0.30	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	$4,067,417	$1,788,102	$13,506,519	$2,279,315
2023	$1,916,736	$2,535,953	$11,655,877	$-619,217
2022	$8,713,076	$7,912,386	$20,078,745	$800,690
2021	$4,864,271	$3,812,262	$25,695,068	$1,052,009
2020	$4,595,631	$3,174,814	$26,733,850	$1,420,817
2019	$3,764,375	$3,393,393	$25,824,728	$370,982
2018	$4,081,340	$3,128,083	$24,087,325	$953,257

VISION COMMUNITIES INC