HOUSEABOUTIT COMMUNITY AND ECONOMIC DEVELOPMENT AGENCY (EIN 562514622) - 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

2009

Legal Domicile

Principal Officer

Susan Forte

Phone

5012270951

Tax Period

2022-07-01 to 2023-06-30

Houseaboutit Inc, founded in 2009, is a small nonprofit in the Youth Development sector that reported $105K in total revenue in fiscal year 2017. Revenue decreased 13% compared to the prior year. Expenses of $94K left a modest 10% surplus.

Mission

To bring positive change by educating, restoring, building, and revitalizing small communities in Rural Arkansas and the Delta region.

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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 (2022)

Revenue Breakdown

Contributions & Grants $94,857

Program Service Revenue $288,739

Investment Income $0

Other Revenue $0

TOTAL REVENUE $383,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,948

Fundraising Expenses $0

Program Expenses $320,984

Other Expenses $191,179

TOTAL EXPENSES $379,127

Year-over-Year Comparison

	2022	2021	Change
Revenue	$383,596	$349,584	+0.1%
Expenses	$379,127	$275,286	+0.4%
Net Income	$4,469	$74,298	-0.9%

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

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Forte	Executive Dir.	50.00	Officer Director	$60,000	$0	$60,000
Sharon Mimms	Treasurer	2.00	Director	$0	$0	$0
Dayton Cannady	Chairman	2.00	Director	$0	$0	$0
Sherrie Phillips	Chairman	2.00	Director	$0	$0	$0
Evelyn Jones	Director	2.00	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
2023	$383,596	$379,127	$353,187	$4,469
2022	$349,584	$275,286	$407,481	$74,298
2021	$314,670	$311,297	$215,573	$3,373
2020	$132,516	$130,112	$20,404	$2,404
2018	$104,880	$94,339	$518	$10,541

HOUSEABOUTIT COMMUNITY AND ECONOMIC DEVELOPMENT AGENCY