Nicholas House Inc (EIN 581762614) - 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

1989

Legal Domicile

Phone

4046220793

Tax Period

2024-09-01 to 2025-08-31

Nicholas House Inc, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

TO HELP FAMILIES EXPERIENCING HOMELESSNESS BECOME SELF SUFFICIENT BY PROVIDING THEM WITH STABLE HOUSING WHILE ADDRESSING THE ROOT CAUSES OF THEIR HOMELESSNESS SO THAT THEY NEVER BECOME HOMELESS AGAIN.

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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 $1,973,067

Program Service Revenue $1,540,572

Investment Income $10,633

Other Revenue $-1,955

TOTAL REVENUE $3,522,317

Expense Breakdown

Grants Paid $1,483,172

Salaries & Benefits $1,549,436

Fundraising Expenses $443,587

Program Expenses $2,756,787

Other Expenses $352,372

TOTAL EXPENSES $3,447,927

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,522,317	$2,442,810	+0.4%
Expenses	$3,447,927	$2,595,893	+0.3%
Net Income	$74,390	$-153,083	-1.5%

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

1668

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

$261,046

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRITTANY RAWAY	Vice President	1.8	Officer Director	$0	$0	$0
EDMUND MORRELL	SECRETARY	1.8	Officer Director	$0	$0	$0
JASON COLE	Treasurer	1.8	Officer Director	$0	$0	$0
MICHAEL JONES	PAST PRESIDENT	1.8	Officer Director	$0	$0	$0
ROBERT MILSTEAD	PRESIDENT	1.8	Officer Director	$0	$0	$0
AMANDA CHAPPLE	DIRECTOR	1.3	Director	$0	$0	$0
CHRISTAL CHERRY	DIRECTOR	1.3	Director	$0	$0	$0
DAVID RILEY	DIRECTOR	1.3	Director	$0	$0	$0
JAMEELA HARTMAN	DIRECTOR	1.3	Director	$0	$0	$0
JOHN BROGAN	DIRECTOR	1.3	Director	$0	$0	$0
KIMBERLY BROWN	DIRECTOR	1.3	Director	$0	$0	$0
Mark Gannan	DIRECTOR	1.3	Director	$0	$0	$0
NATALIE VUORIAHO	DIRECTOR	1.3	Director	$0	$0	$0
OLLIE MOORE	DIRECTOR	1.3	Director	$0	$0	$0
S BOLA TILGHMAN PHD	DIRECTOR	1.8	Director	$0	$0	$0
STACEY BROOKS	DIRECTOR	1.3	Director	$0	$0	$0
TRENT DUNN	DIRECTOR	1.3	Director	$0	$0	$0
XANTHE NEAL	DIRECTOR	1.3	Director	$0	$0	$0
JANNAN THOMAS	EXECUTIVE DIRECTOR	40.0	Officer	$154,217	$0	$154,217
SHELLY HINCKSON	DIRECTOR OF FINANCE	40.0	Officer	$106,829	$0	$106,829

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	$3,522,317	$3,447,927	$1,496,752	$74,390
2024	$2,442,810	$2,595,893	$1,415,097	$-153,083
2023	$2,146,137	$2,090,855	$1,563,341	$55,282
2022	$2,580,088	$2,475,335	$1,596,296	$104,753
2021	$4,180,579	$4,073,718	$1,554,894	$106,861
2020	$2,663,639	$2,487,416	$2,007,355	$176,223
2019	$2,343,612	$2,170,400	$1,126,208	$173,212
2018	$1,988,703	$1,918,482	$884,173	$70,221

Nicholas House Inc