HOUSING OPPORTUNITIES OF NORTHERN KENTUCKY INC (EIN 611216638) - 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

1991

Legal Domicile

Principal Officer

DAVID HASTINGS

Phone

8595814665

Tax Period

2024-01-01 to 2024-12-31

HOUSING OPPORTUNITIES OF NORTHERN KENTUCKY INC, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $300K, a strong 29% operating margin.

Mission

ELEVATE THE ASPIRATIONS, HOPES STABILITY AND ACCOMPLISHMENT OF LOW-INCOME WORKING FAMILIES

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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 $886,737

Program Service Revenue $64,779

Investment Income $-52,736

Other Revenue $152,557

TOTAL REVENUE $1,051,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $293,946

Fundraising Expenses $28,091

Program Expenses $644,082

Other Expenses $457,118

TOTAL EXPENSES $751,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,051,337	$649,146	+0.6%
Expenses	$751,064	$758,556	0.0%
Net Income	$300,273	$-109,410	-3.7%

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

240

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

$92,462

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT LAMOTHE	TREASURER	1.00	Director	$0	$0	$0
YVONNE RICH	PRESIDENT	1.00	Director	$0	$0	$0
AARON JUDD	VICE PRESIDENT	1.00	Director	$0	$0	$0
REBECCA WEBER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLEY WAYMAN	DIRECTOR	1.00	Director	$0	$0	$0
VICKY BERLING	DIRECTOR	1.00	Director	$0	$0	$0
CHEVY ROSS	DIRECTOR	1.00	Director	$0	$0	$0
TOM WITHORN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HASTINGS	EXECUTIVE DIR.	40.00	Officer	$92,462	$0	$92,462

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	$1,051,337	$751,064	$5,091,944	$300,273
2023	$649,146	$758,556	$4,688,424	$-109,410
2022	$673,041	$690,879	$4,711,526	$-17,838
2022	$673,041	$690,879	$4,711,526	$-17,838
2021	$878,676	$715,579	$4,786,749	$163,097
2020	$1,029,719	$526,320	$4,560,690	$503,399
2019	$605,123	$495,216	$4,207,982	$109,907
2018	$623,945	$495,810	$3,907,508	$128,135

HOUSING OPPORTUNITIES OF NORTHERN KENTUCKY INC