MICAH HOUSE INC ICO JOEL KORN

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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

1990

Legal Domicile

Principal Officer

JOEL KORN

Tax Period

2023-01-01 to 2023-12-31

MICAH HOUSE INC ICO JOEL KORN, founded in 1990, is a small nonprofit that reported $120K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 55% operating margin.

Mission

PROVIDE HOUSING AND SOCIAL SERVICES TO PREVIOUSLY HOMELESS WOMEN WHO WERE SUBJECT TO ABUSE AND ADDICTION

Program Service Accomplishments

Program 1

Expenses: $45,246

PROVIDE HOUSING, SOCIAL SERVICES, EDUCATION AND TRAINING TO

Program 2

Expenses: $1,354

RESIDENTS SAVINGS MATHCHING PROGRAM ENCOURAGES RESIDENTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $102,592

Program Service Revenue $8,288

Investment Income $9,450

Other Revenue $0

TOTAL REVENUE $120,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,583

Program Expenses $46,600

Other Expenses $54,102

TOTAL EXPENSES $54,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$120,330	$95,280	+0.3%
Expenses	$54,102	$54,648	0.0%
Net Income	$66,228	$40,632	+0.6%

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

N/A

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
AMY BERMAN	PRESIDENT	2	Officer Director	$0	$0	$0
JOEL KORN	TREASURER	2	Officer Director	$0	$0	$0
DAVID ADLER	DIRECTOR	1	Director	$0	$0	$0
HELEN BURSTIN	DIRECTOR	1	Director	$0	$0	$0
JARRET FERRIER	DIRECTOR	1	Director	$0	$0	$0
JOSH SEIDMAN	DIRECTOR	1	Director	$0	$0	$0
JUDY WARSHOF	DIRECTOR	1	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	$120,330	$54,102	$523,508	$66,228