EUFAULA HOUSING DEVELOPMENT INC (EIN 631241037) - 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

GARRY GARRISON

Phone

3346872451

Tax Period

2024-01-01 to 2024-12-31

EUFAULA HOUSING DEVELOPMENT INC, founded in 2000, is a micro nonprofit in the Housing & Shelter sector that reported $80K in total revenue in fiscal year 2018. Revenue decreased 16% compared to the prior year. Expenses of $70K left a modest 13% surplus.

Mission

TO PROVIDE EDUCATIONAL AND LOW INCOME HOUSING OPPORTUNITIES TO THE CITIZENS OF EUFAULA, AL

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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 $14,022

Program Service Revenue $542,633

Investment Income $35,589

Other Revenue $171,558

TOTAL REVENUE $763,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,336

Fundraising Expenses $0

Program Expenses $658,146

Other Expenses $670,973

TOTAL EXPENSES $755,309

Year-over-Year Comparison

	2024	2023	Change
Revenue	$763,802	$477,428	+0.6%
Expenses	$755,309	$450,001	+0.7%
Net Income	$8,493	$27,427	-0.7%

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

N/A

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

$194,984

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARRY GARRISON	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEREK THOMAS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JERRY STANLEY	DIRECTOR	1.00	Director	$0	$0	$0
PHIL CLAYTON	DIRECTOR	1.00	Director	$0	$0	$0
LARRY THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
TOM WACHS	SECRETARY	1.00	Officer	$0	$27,374	$194,984

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	$763,802	$755,309	$8,588,237	$8,493
2023	$477,428	$450,001	$7,646,622	$27,427
2022	$2,520,069	$244,026	$5,338,817	$2,276,043
2021	$100,659	$65,960	$2,086,451	$34,699
2020	$40,004	$32,781	$808,579	$7,223
2019	$56,847	$33,026	$801,356	$23,821
2018	$79,514	$69,535	$777,035	$9,979

EUFAULA HOUSING DEVELOPMENT INC