TROY HOUSING SERVICES CORPORATION

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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

1987

Legal Domicile

Principal Officer

VICKIE SIPPER

Phone

3345661271

Tax Period

2024-10-01 to 2025-09-30

TROY HOUSING SERVICES CORPORATION, founded in 1987, is a micro nonprofit in the Housing & Shelter sector that reported $98K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $172K exceeded revenue, resulting in a 76% operating deficit.

Mission

THE CORPORATION WAS FORMED FOR THE PURPOSE TO PROVIDE SOCIAL AND OTHER SERVICES TO TENANTS OF PUBLIC HOUSING IN THE CITY OF TROY.

Program Service Accomplishments

Program 1

Expenses: $133,127 Revenue: $81,911

MEDICAID WAIVERED SERVICES, ITS PURPOSE IS TO IMPLEMENT HOME AND COMMUNITY-BASED SERVICES TO ELIGIBLE RECIPIENTS UNDER THE MEDICAID WAIVERED SERVICES PROGRAM. IT PROVIDES RESPITE CARE, HOMEMAKER...

MEDICAID WAIVERED SERVICES, ITS PURPOSE IS TO IMPLEMENT HOME AND COMMUNITY-BASED SERVICES TO ELIGIBLE RECIPIENTS UNDER THE MEDICAID WAIVERED SERVICES PROGRAM. IT PROVIDES RESPITE CARE, HOMEMAKER SERVICES, AND ADULT DAY CARE TO THE ELDERLY.

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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 $1,292

Program Service Revenue $81,911

Investment Income $4,728

Other Revenue $9,875

TOTAL REVENUE $97,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,253

Fundraising Expenses $0

Program Expenses $133,127

Other Expenses $53,929

TOTAL EXPENSES $172,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,806	$280,829	-0.7%
Expenses	$172,182	$358,030	-0.5%
Net Income	$-74,376	$-77,201	0.0%

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

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
NICK BAVARO	DIRECTOR	N/A	Director	$0	$0	$0
BILLY JEFCOAT	DIRECTOR	N/A	Director	$0	$0	$0
DEBBIE ROGERS	SECRETARY/ T	N/A	Officer Director	$0	$0	$0
FRANK SCARBROUGH	DIRECTOR	N/A	Director	$0	$0	$0
VICKIE SIPPER	BOARD PRESID	N/A	Director	$0	$0	$0
DALE TAYLOR	DIRECTOR	N/A	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	$1,508	$745,987	No data	$-744,479
2025	$97,806	$172,182	$475,469	$-74,376
2024	$280,829	$358,030	$558,039	$-77,201
2023	$310,698	$317,598	$633,680	$-6,900
2022	$377,934	$383,366	$640,803	$-5,432
2021	$446,906	$400,153	$643,749	$46,753
2020	$477,209	$458,002	$598,113	$19,207
2019	$502,676	$404,450	$580,630	$98,226