HABITAT FOR HUMANITY OF WORCESTER … - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

ANDREA BOWLAND

Phone

4102084440

Tax Period

2024-01-01 to 2024-12-31

HABITAT FOR HUMANITY OF WORCESTER COUNTY INC, founded in 1995, is a small nonprofit that reported $320K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $393K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO BUILD AND REHABILITATE HOUSES WHICH ARE SOLD TO LOW-INCOME FAMILIES THROUGH NO-INTEREST LOANS

Program Service Accomplishments

Program 1

Expenses: $63,146

HABITAT HOMES ARE BUILT IN PART WITH VOLUNTEER EFFORTS AND DONATED MATERIALS, KEEPING THE OVERALL COSTS LOWER. PARTNER FAMILIES WHO BECOME HOMEOWNERS THEN PAY THE COST TO BUILD BACK THROUGH MORTGAGE LOANS FOR A CERTAIN NUMBER OF YEARS. HABITAT AFFILIATES DO NOT MAKE A PROFIT OFF OF THE HOMES THEY BUILD. SINCE ITS INCORPORATION IN 1995, HABITAT FOR HUMANITY OF WORCESTER COUNTY HAS COMPLETED OVER 20 HOME PROJECTS INCLUDING BUILDS FROM THE GROUND UP AND CRITICAL REPAIRS AND REHABS.

Program 2

Expenses: $238,226 Revenue: $258,045

TO OPERATE A RETAIL RESTORE WHERE BUILDING MATERIALS, HOME FURNISHINGS, APPLIANCES AND OTHER ITEMS ARE DONATED AND THEN SOLD TO THE COMMUNITY AT A GREATLY REDUCED PRICE.

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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 $50,726

Program Service Revenue $0

Investment Income $0

Other Revenue $269,528

TOTAL REVENUE $320,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,914

Fundraising Expenses $26,480

Program Expenses $301,372

Other Expenses $296,420

TOTAL EXPENSES $393,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$320,254	$295,563	+0.1%
Expenses	$393,334	$340,863	+0.2%
Net Income	$-73,080	$-45,300	+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

Employees

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

$90,493

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA BOWLAND	EXECUTIVE DI	40.00	Officer	$83,263	$7,230	$90,493
CLINT BICKFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMANTHA PIELSTICK	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEY PINO	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW RECORD	BOARD MEMBER	1.00	Director	$0	$0	$0
JON BARKER	PRESIDENT	1.00	Officer	$0	$0	$0
LUKE BUAS	TREASURER	1.00	Officer	$0	$0	$0
KATIE HUTTENBERGER	SECRETARY	1.00	Officer	$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	$320,254	$393,334	$758,846	$-73,080
2023	$295,563	$340,863	$602,897	$-45,300
2022	$283,806	$301,773	$733,788	$-17,967
2021	$291,268	$294,467	$745,249	$-3,199
2020	$172,568	$271,772	$811,885	$-99,204
2018	$196,640	$300,828	$932,966	$-104,188

HABITAT FOR HUMANITY OF WORCESTER COUNTY INC