HOUSING ASSISTANCE CORPORATION OF JASPER ALABAMA (EIN 630971546) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

VERNELL JOHNSON

Phone

2053844864

Tax Period

2024-07-01 to 2025-06-30

HOUSING ASSISTANCE CORPORATION OF JASPER, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $275K in total revenue in fiscal year 2017. Expenses of $472K exceeded revenue, resulting in a 72% operating deficit.

Mission

TO PROMOTE AND ADVANCE HOUSING PROJECTS AND RELATED FACILITIES FOR LOW-INCOME FAMILIES, INCLUDING ELDERLY AND DISABLED, AND TO WORK TO ACQUIRE PROPERTY LOCATED IN JASPER, AL AND NEARBY AREAS TO DEVELOP AFFORDABLE HOUSING.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $193,392

Program Service Revenue $153,725

Investment Income $1,800

Other Revenue $0

TOTAL REVENUE $348,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $227,962

Other Expenses $324,508

TOTAL EXPENSES $324,508

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,917	$322,117	+0.1%
Expenses	$324,508	$310,113	+0.0%
Net Income	$24,409	$12,004	+1.0%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE RECTOR	PRESIDENT/CHAIRMAN	0.05	Officer Director	$0	$0	$0
DON KILGORE	VICE-PRESIDENT/VICE-CHAIRMAN	0.05	Officer Director	$0	$0	$0
JEWEL HICKS DUNCAN	DIRECTOR	0.05	Director	$0	$0	$0
MARY MOORE	DIRECTOR	0.05	Director	$0	$0	$0
JOE DOWNS	DIRECTOR	0.05	Director	$0	$0	$0
MARLA W SCOTT	SECRETARY TREASURER (OFFICER)	8.00		$0	$8,253	$166,670

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	$348,917	$324,508	$336,838	$24,409
2024	$322,117	$310,113	$318,535	$12,004
2023	$284,947	$269,300	$293,717	$15,647
2022	$249,253	$313,185	$260,506	$-63,932
2021	$266,511	$322,242	$217,917	$-55,731
2020	$282,537	$361,517	$201,899	$-78,980
2019	$289,105	$467,769	$228,394	$-178,664
2018	$274,868	$472,163	$414,020	$-197,295

HOUSING ASSISTANCE CORPORATION OF JASPER ALABAMA