Cannon Housing Inc (EIN 581743456) - 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

1987

Legal Domicile

Principal Officer

DON G WELLONS

Phone

9108920436

Tax Period

2021-01-01 to 2021-12-31

Cannon Housing Inc, founded in 1987, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2021. Revenue surged 314% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 89% operating margin.

Mission

Reduced rent housing for elderly & handicapped

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $161,370

Investment Income $9

Other Revenue $1,113,332

TOTAL REVENUE $1,274,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,741

Fundraising Expenses $0

Program Expenses $109,503

Other Expenses $119,563

TOTAL EXPENSES $146,304

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,274,711	$308,115	+3.1%
Expenses	$146,304	$247,442	-0.4%
Net Income	$1,128,407	$60,673	+17.6%

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

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
Don G Wellons	Pres/Director	2.00	Director	$0	$0	$0
John H Wellons Jr	VP/Director	2.00	Director	$0	$0	$0
Leigh Anna Thompson	Sec/Treas/Director	2.00	Director	$0	$0	$0
Kathy H Kennedy	Asst Sec/Director	2.00	Director	$0	$0	$0
Sylvia W Craft	Director	2.00	Director	$0	$0	$0
Gene T Jernigan	Director	2.00	Director	$0	$0	$0
Shirley P Godwin	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
2021	$1,274,711	$146,304	No data	$1,128,407
2020	$308,115	$247,442	$369,857	$60,673
2019	$172,285	$272,871	$357,567	$-100,586
2018	$266,138	$273,197	$735,475	$-7,059

Cannon Housing Inc