Flagler Habitat For Humanity Inc (EIN 593172803) - 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

1992

Legal Domicile

Principal Officer

William Verhagen

Phone

3865866180

Tax Period

2023-07-01 to 2024-06-30

Flagler Habitat For Humanity Inc, founded in 1992, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 9% surplus.

Mission

Flagler Habitat for Humanity, Inc is an ecumenical Christian housing ministry whose mission is to eliminate substandard housing from Flagler County, and to make simple, decent, affordable shelter a matter of conscience and action.

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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 (2023)

Revenue Breakdown

Contributions & Grants $243,701

Program Service Revenue $1,709,913

Investment Income $223,238

Other Revenue $-9,759

TOTAL REVENUE $2,167,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,978

Fundraising Expenses $0

Program Expenses $1,831,447

Other Expenses $1,682,799

TOTAL EXPENSES $1,971,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,167,093	$1,306,885	+0.7%
Expenses	$1,971,777	$1,005,228	+1.0%
Net Income	$195,316	$301,657	-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

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

$84,273

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wilhemina Jones	Secretary	5.00	Officer Director	$0	$0	$0
Dave Hanvey	Director	2.00	Director	$0	$0	$0
Jack Leckie	Treasurer	5.00	Officer Director	$0	$0	$0
David Beck	Past President	2.00	Director	$0	$0	$0
Kim Lhota	Director	2.00	Director	$0	$0	$0
Robert Erickson	Vice President	5.00	Officer Director	$0	$0	$0
Robert Cuff	Director	2.00	Director	$0	$0	$0
William Verhagen	President	5.00	Officer Director	$0	$0	$0
Sandra McDermott	Director	2.00	Director	$0	$0	$0
Derrick Jackson	Director	2.00	Director	$0	$0	$0
Mark Larmore	Director	2.00	Director	$0	$0	$0
William Bosch	Director	2.00	Director	$0	$0	$0
Lindsay Elliott	Executive Director	40.00	Officer	$84,273	$0	$84,273

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	No data	No data	No data	No data
2024	$2,167,093	$1,971,777	$4,755,570	$195,316
2023	$1,306,885	$1,005,228	$4,070,906	$301,657
2022	$1,434,598	$1,271,809	$3,653,376	$162,789
2021	$1,944,438	$1,547,270	$3,494,933	$397,168
2020	$1,807,689	$1,810,276	$3,263,303	$-2,587
2019	$1,886,606	$1,874,541	$3,197,474	$12,065
2018	$1,783,939	$1,443,691	$3,227,504	$340,248

Flagler Habitat For Humanity Inc