BANOR HOUSING INC (EIN 521060147) - 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

1974

Legal Domicile

Principal Officer

CHELSEA ANDREWS

Phone

2406279754

Tax Period

2024-07-01 to 2025-06-30

BANOR HOUSING INC, founded in 1974, is a micro nonprofit in the Housing & Shelter sector that reported $683 in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $5K exceeded revenue, resulting in a 647% operating deficit.

Mission

THE ORGANIZATION PROVIDES AFFORDABLE HOUSING TO MODERATE AND LOW-INCOME ELDERLY AND DISABLED HANDICAPPED 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 $0

Program Service Revenue $0

Investment Income $683

Other Revenue $0

TOTAL REVENUE $683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,100

TOTAL EXPENSES $5,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$683	$861	-0.2%
Expenses	$5,100	N/A	N/A
Net Income	$-4,417	$861	-6.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROY PRIEST	CHAIR	0.25	Officer Director	$0	$0	$0
JEFF MERKOWITZ	VICE CHAIR	0.25	Officer Director	$0	$0	$0
LINDA CROOM	DIRECTOR	0.25	Director	$0	$0	$0
PAMELA BYRD THROUGH 012025	DIRECTOR	0.25	Director	$0	$0	$0
ROBIN SALOMON	CHAIR PRO TEM	0.25	Officer Director	$0	$0	$0
CHELSEA ANDREWS	EXECUTIVE DIRECTOR/SECRETARY-TREASURER	0.25	Officer Director	$0	$0	$0
JONATHAN MILLER	DIRECTOR (BEGINNING 02/2025)	0.25	Director	$0	$0	$0
IZOLA SHAW	DIRECTOR (BEGINNING 02/2025)	0.25	Director	$0	$0	$0
PAUL WEECH	DIRECTOR (BEGINNING 02/2025)	0.25	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
2025	$683	$5,100	$46,058	$-4,417
2024	$861	No data	$45,375	No data
2023	$16,273	$2,000	$39,339	$14,273
2022	$7	$2,000	$23,066	$-1,993
2021	$-2,549,903	$389,269	$22,752	$-2,939,172
2020	$1,906,403	$921,493	$4,070,505	$984,910
2019	$1,681,224	$743,402	$2,851,064	$937,822
2018	$2,073,751	$861,986	$1,977,392	$1,211,765

BANOR HOUSING INC