PIKEVILLE AFFORDABLE HOUSING CORPORATION INC (EIN 611355035) - 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

1993

Legal Domicile

Phone

6064328124

Tax Period

2023-07-01 to 2024-06-30

PIKEVILLE AFFORDABLE HOUSING CORPORATION INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $112K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $147K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO UNDERPRIVILEGED RESIDENTS IN THE CITY OF PIKEVILLE KY

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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 $0

Program Service Revenue $69,600

Investment Income $42,063

Other Revenue $0

TOTAL REVENUE $111,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,746

Other Expenses $146,746

TOTAL EXPENSES $146,746

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,663	$99,402	+0.1%
Expenses	$146,746	$176,212	-0.2%
Net Income	$-35,083	$-76,810	-0.5%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
MAX THOMPSON	President	Director	$0	$0	$0
BRETT KEENE	Secretary	Director	$0	$0	$0
JOE RAY THORNBURY	Director	Director	$0	$0	$0
JIM WILLIAMSON	Director	Director	$0	$0	$0
ELMON WALTERS	Director	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
2025	No data	No data	No data	No data
2024	$111,663	$146,746	$1,372,004	$-35,083
2023	$99,402	$176,212	$1,147,913	$-76,810
2022	$72,973	$165,451	$1,224,723	$-92,478
2021	$74,462	$165,505	$1,317,201	$-91,043
2020	$82,234	$291,010	$1,409,149	$-208,776
2019	$35,783	$83,125	$1,681,270	$-47,342
2018	$83,599	$96,680	$2,292,880	$-13,081

PIKEVILLE AFFORDABLE HOUSING CORPORATION INC