SWEETWATER HOUSING DEVELOPMENT INC (EIN 621020263) - 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

1974

Legal Domicile

Principal Officer

DEBBIE EXUM

Phone

4233377471

Tax Period

2024-01-01 to 2024-12-31

SWEETWATER HOUSING DEVELOPMENT INC, founded in 1974, is a small nonprofit in the Housing & Shelter sector that reported $135K in total revenue in fiscal year 2024.

Mission

THE CORPORATION IS ORGANIZED TO ACQUIRE BY OPTION, LEASE OR PURCHASE REAL ESTATE TO BE USED FOR THE DEVELOPMENT AND MANAGEMENT OF RENTAL HOUSING FOR THE ELDERLY AND/OR HANDICAPPED OR DISABLED OF LOW OR MODERATE INCOME LEVELS IN THE GENERAL AREA OF SWEETWATER, TENNESSEE.

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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 $18,417

Program Service Revenue $116,011

Investment Income $322

Other Revenue $0

TOTAL REVENUE $134,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,920

Fundraising Expenses $0

Program Expenses $101,926

Other Expenses $79,066

TOTAL EXPENSES $131,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,750	$127,956	+0.1%
Expenses	$131,986	$130,738	+0.0%
Net Income	$2,764	$-2,782	-2.0%

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

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

$50,000

Total Directors

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWAINE THOMAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRENT WATSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEBBIE EXUM	SECRETARY/TREASURER	40.00	Officer Director	$50,000	$0	$50,000
MARILYN KENNEDY	TENANT REPRESENTATIVE	1.00	Officer Director	$0	$0	$0
ROBERT JENKINS	MEMBER	1.00	Director	$0	$0	$0
DR JAMES	MEMBER	1.00	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	$134,750	$131,986	$434,529	$2,764
2023	$127,956	$130,738	$429,958	$-2,782
2022	$129,402	$126,973	$428,726	$2,429
2021	$113,799	$133,946	$424,437	$-20,147
2020	$114,959	$112,663	$441,023	$2,296
2019	$113,294	$144,222	$436,872	$-30,928
2018	$116,280	$129,597	$464,001	$-13,317

SWEETWATER HOUSING DEVELOPMENT INC