MCDOWELL COUNTY HOUSING ACTION NETWORK INC (EIN 550783816) - 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

2001

Legal Domicile

Principal Officer

DELORES JOHNSON

Phone

3044366367

Tax Period

2023-01-01 to 2023-12-31

MCDOWELL COUNTY HOUSING ACTION NETWORK INC, founded in 2001, is a micro nonprofit in the Housing & Shelter sector that reported $70K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $98K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO ENHANCE THE QUALITY OF LIFE IN MCDOWELL COUNTY IN SOUTHERN WEST VIRGINIA BY PROVIDING HOUSING FOR LOW-INCOME, ELDERLY INDIVIDUALS.

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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 $32,840

Program Service Revenue $37,594

Investment Income $41

Other Revenue $0

TOTAL REVENUE $70,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,960

Fundraising Expenses $0

Program Expenses $84,934

Other Expenses $90,073

TOTAL EXPENSES $98,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,475	$51,786	+0.4%
Expenses	$98,033	$87,931	+0.1%
Net Income	$-27,558	$-36,145	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY ADDAIR	DIRECTOR	N/A	Director	$0	$0	$0
RENEA BOLDEN	DIRECTOR	N/A	Director	$0	$0	$0
KATHY E GENTRY	MANAGING AGE	N/A	Officer Director	$0	$0	$0
KATHY HORNICK	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DELORES JOHNSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
MIKE SNOW	DIRECTOR	N/A	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	$70,475	$98,033	$818,572	$-27,558
2022	$51,786	$87,931	$829,498	$-36,145
2021	$49,059	$83,113	$852,658	$-34,054
2020	$51,807	$99,460	$880,672	$-47,653
2019	$66,571	$110,838	$916,012	$-44,267
2018	$76,570	$91,878	$942,933	$-15,308

MCDOWELL COUNTY HOUSING ACTION NETWORK INC