HABITAT FOR HUMANITY OF THE EASTER… - 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

1993

Legal Domicile

Principal Officer

IVER OLSEN

Phone

3042633154

Tax Period

2024-07-01 to 2025-06-30

HABITAT FOR HUMANITY OF THE EASTERN PANHANDLE INC, founded in 1993, is a small nonprofit that reported $192K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $356K exceeded revenue, resulting in a 85% operating deficit.

Mission

TO CREATE DECENT, SAFE, AND AFFORDABLE HOUSING FOR THOSE IN NEED.

Program Service Accomplishments

Program 1

Expenses: $330,378

TO OFFER AFFORDABLE HOUSING, AFFORDABLE HOME FINANCING, AND FAMILY SUPPORT FOR THOSE IN NEED.

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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 $47,397

Program Service Revenue $114,973

Investment Income $0

Other Revenue $29,411

TOTAL REVENUE $191,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,942

Fundraising Expenses $1,767

Program Expenses $330,378

Other Expenses $216,589

TOTAL EXPENSES $355,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$191,781	$108,972	+0.8%
Expenses	$355,531	$171,380	+1.1%
Net Income	$-163,750	$-62,408	+1.6%

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

115

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
IVER OLSEN	PRESIDENT	1.00	Officer	$0	$0	$0
RICHARD IRVIN	VICE PRESIDE	1.00	Officer	$0	$0	$0
AUDREY MORRIS	SECRETARY	1.00	Officer	$0	$0	$0
ANTHONY PIRRONE	TREASURER	1.00	Officer	$0	$0	$0
MARK ASWALL	DIRECTOR	1.00	Director	$0	$0	$0
LAURA CHANDLER	DIRECTOR	1.00	Director	$0	$0	$0
MONIQUE BOOTS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KNOWLES	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA COLWELL	DIRECTOR	1.00	Director	$0	$0	$0
TUCKER RYAN	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
2025	$191,781	$355,531	$963,408	$-163,750
2024	$108,972	$171,380	$1,093,355	$-62,408
2023	$290,100	$619,544	$763,019	$-329,444
2022	$151,741	$123,445	$1,094,569	$28,296
2021	$128,733	$113,150	$1,044,856	$15,583
2020	$141,425	$255,648	$1,042,613	$-114,223
2019	$41,864	$132,106	$1,165,030	$-90,242

HABITAT FOR HUMANITY OF THE EASTERN PANHANDLE INC