Mecklenburg HUD Group Home 1 Inc (EIN 581567890) - 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

1983

Legal Domicile

Principal Officer

Lori Gougeon

Phone

7045366661

Tax Period

2024-07-01 to 2025-06-30

Mecklenburg HUD Group Home 1 Inc, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $516K in total revenue in fiscal year 2024.

Mission

To provide housing for the disabled

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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 $266,978

Program Service Revenue $236,356

Investment Income $12,933

Other Revenue $0

TOTAL REVENUE $516,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $426,152

Other Expenses $505,456

TOTAL EXPENSES $505,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$516,267	$488,980	+0.1%
Expenses	$505,456	$471,749	+0.1%
Net Income	$10,811	$17,231	-0.4%

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

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
Ronald Nordmann	Director	0.20	Director	$0	$0	$0
Kelly Hickman	Director	0.20	Director	$0	$0	$0
Doug Knowlton	Director	0.20	Director	$0	$0	$0
Mallen Bruggeman	Director	0.20	Director	$0	$0	$0
Darren Bing	Director	0.20	Director	$0	$0	$0
Gregory Proctor	Director	0.20	Director	$0	$0	$0
Jodie Anderson	Director	0.20	Director	$0	$0	$0
John Kirkland	Director	0.20	Director	$0	$0	$0
Cameron Montgomery	Director	0.20	Director	$0	$0	$0
Adrienne Williams	Director	0.20	Director	$0	$0	$0
Austin Flynn	Director	0.20	Director	$0	$0	$0
Ben Cherry	Director	0.20	Director	$0	$0	$0
Dennis Knasel	Director	0.20	Director	$0	$0	$0
Bruce Downing	Director	0.20	Director	$0	$0	$0
Justin Elliott	Director	0.20	Director	$0	$0	$0
Sandra DuPuy	Chair 2024	0.20	Officer Director	$0	$0	$0
Caitlin Horne	Chair 2025	0.20	Officer Director	$0	$0	$0
Rob Ponton	Vice Chair 2025	0.20	Officer Director	$0	$0	$0
William Bockenek	Secretary 2024	0.20	Officer Director	$0	$0	$0
Raj Pragasam	Secretary 2025	0.20	Officer Director	$0	$0	$0
David Huff	Treasurer 2025	0.20	Officer 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	$516,267	$505,456	$1,317,138	$10,811
2024	No data	No data	No data	No data
2023	$467,624	$433,734	$1,088,797	$33,890
2022	$461,611	$434,716	$1,104,042	$26,895
2021	$461,495	$408,421	$1,087,710	$53,074
2020	$480,133	$479,549	$1,099,424	$584
2019	$476,945	$466,437	$1,122,952	$10,508
2018	$471,258	$466,527	$1,152,267	$4,731

Mecklenburg HUD Group Home 1 Inc