SMITH COUNTY HOUSING DEVELOPMENT CORPORATION (EIN 581387898) - 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

1975

Legal Domicile

Principal Officer

RICKY SHOULDERS

Phone

6157351139

Tax Period

2025-01-01 to 2025-12-31

SMITH COUNTY HOUSING DEVELOPMENT CORPORATION, founded in 1975, is a small nonprofit that reported $241K in total revenue in fiscal year 2025. The organization ran a surplus of $53K, a strong 22% operating margin.

Mission

PROVIDE SUBSIDIZED HOUSING FOR THE ELDERLY

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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 (2025)

Revenue Breakdown

Contributions & Grants $70,520

Program Service Revenue $165,310

Investment Income $4,740

Other Revenue $0

TOTAL REVENUE $240,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,480

Fundraising Expenses $0

Program Expenses $187,573

Other Expenses $153,093

TOTAL EXPENSES $187,573

Year-over-Year Comparison

	2025	2024	Change
Revenue	$240,570	$227,507	+0.1%
Expenses	$187,573	$181,572	+0.0%
Net Income	$52,997	$45,935	+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

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
RICKY SHOULDERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
LARRY TAYLOR WILKERSON	SEC/TREASURER	1.00	Officer Director	$0	$0	$0
SAM GRAY	BOARD MEMBER	0.00	Director	$0	$0	$0
JEFF MASON	BOARD MEMBER	0.00	Director	$0	$0	$0
DAVID BASS	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
MICHAEL NESBITT	BOARD MEMBER	0.00	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	$240,570	$187,573	$604,940	$52,997
2024	No data	No data	No data	No data
2023	$219,656	$154,638	$563,051	$65,018
2022	$207,004	$143,434	$535,779	$63,570
2021	$196,444	$144,447	$511,368	$51,997
2020	$196,077	$150,349	$492,358	$45,728
2019	$183,991	$149,478	$486,224	$34,513
2018	$180,715	$146,136	$474,071	$34,579

SMITH COUNTY HOUSING DEVELOPMENT CORPORATION