SHENANDOAH HOUSING CORPORATION (EIN 541583954) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

Michael G Wong

Phone

5404347386

Tax Period

2024-01-01 to 2024-12-31

SHENANDOAH HOUSING CORPORATION, founded in 2001, is a micro nonprofit in the Housing & Shelter sector that reported $92 in total revenue in fiscal year 2018. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $1K exceeded revenue, resulting in a 1255% operating deficit.

Mission

To provide housing for low income families.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $32,294

Investment Income $0

Other Revenue $0

TOTAL REVENUE $32,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,950

Other Expenses $21,950

TOTAL EXPENSES $21,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,294	$3,901	+7.3%
Expenses	$21,950	$14,673	+0.5%
Net Income	$10,344	$-10,772	-2.0%

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

$178,366

Total Directors

$178,366

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael G Wong	Vice President	1.00	Officer Director	$0	$21,899	$178,366
Melisa Michelsen	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Shonda Green	Director	1.00	Director	$0	$0	$0
Gil Colman	Director	1.00	Director	$0	$0	$0
Kenneth Kettler	Director	1.00	Director	$0	$0	$0
Kevin Coffman	Director	1.00	Director	$0	$0	$0
Luciano Benjamin	Director	1.00	Director	$0	$0	$0
Amanda Leech	Director	1.00	Director	$0	$0	$0
Janet Rogers	Director	1.00	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	$32,294	$21,950	$14,584	$10,344
2023	$3,901	$14,673	$4,240	$-10,772
2022	$26,063	$11,498	No data	$14,565
2021	$1,713	$2,052	$809	$-339
2020	No data	$563,050	$785	No data
2019	No data	$1,325	$865,810	No data
2018	$92	$1,247	$865,551	$-1,155

SHENANDOAH HOUSING CORPORATION