APPALACHIAN HOUSING AND REDEVELOPMENT CORPORATION (EIN 582346048) - 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

1996

Legal Domicile

Principal Officer

JUSTIN JONES

Phone

7062910780

Tax Period

2024-01-01 to 2024-12-31

APPALACHIAN HOUSING AND REDEVELOPMENT CORPORATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $454K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $373K, a strong 82% operating margin.

Mission

TO PROVIDE MANAGEMENT SERVICES FOR PRIVATE OWNERS OF AFFORDABLE HOUSING, TO ASSIST FIRST TIME HOME OWNERS AND FAMILIES WITH HOUSING DIFFICULTIES. TO ASSIST IN THE DEVELOPMENT OF AFFORDABLE HOUSING.

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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 $25,616

Program Service Revenue $428,283

Investment Income $0

Other Revenue $0

TOTAL REVENUE $453,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,407

Fundraising Expenses $0

Program Expenses $70,166

Other Expenses $55,843

TOTAL EXPENSES $81,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$453,899	$418,540	+0.1%
Expenses	$81,250	$101,812	-0.2%
Net Income	$372,649	$316,728	+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

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

$79,717

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE HIGHT	BOARD DIRECTOR	0.20	Director	$0	$0	$0
HILDA CURTIS	BOARD DIRECTOR	0.20	Director	$0	$0	$0
LILLIE DYAR	BOARD DIRECTOR	0.20	Director	$0	$0	$0
MARY HELEN HEANER	BOARD DIRECTOR	0.20	Director	$0	$0	$0
BETTY SUE HICKMAN	BOARD DIRECTOR	0.20	Director	$0	$0	$0
WINSTON SIRMANS	PRESIDENT	0.20	Officer Director	$0	$0	$0
JIM KEATON	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
MICHAEL TAYLOR	BOARD DIRECTOR	0.20	Director	$0	$0	$0
JUSTIN JONES	SECRETARY	2.00	Officer	$0	$0	$79,717

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
2024	$453,899	$81,250	$509,769	$372,649
2023	$418,540	$101,812	$338,184	$316,728
2022	$24,321	$192,848	$199,966	$-168,527
2021	$69,557	$238,383	$213,075	$-168,826
2020	$350,074	$248,584	$337,158	$101,490

APPALACHIAN HOUSING AND REDEVELOPMENT CORPORATION