Tunica County Housing Project Inc (EIN 640833346) - 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

1992

Legal Domicile

Principal Officer

Jack Kurps

Phone

6626423322

Tax Period

2022-01-01 to 2022-12-31

Tunica County Housing Project Inc, founded in 1992, is a micro nonprofit in the Housing & Shelter sector that reported $773 in total revenue in fiscal year 2022. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $3K exceeded revenue, resulting in a 353% operating deficit.

Mission

Construction of and rehabilitation of homes in Tunica County, Mississippi for low income and poverty stricken families.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $773

Other Revenue $0

TOTAL REVENUE $773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,604

Other Expenses $3,499

TOTAL EXPENSES $3,499

Year-over-Year Comparison

	2022	2021	Change
Revenue	$773	$3,119	-0.8%
Expenses	$3,499	$4,122	-0.2%
Net Income	$-2,726	$-1,003	+1.7%

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

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
Jack Kurps	President	Officer Director	$0	$0	$0
Stacy Washington	Vice-President	Officer Director	$0	$0	$0
Tim Courts	Treasurer	Officer Director	$0	$0	$0
Joyce Moore	Secretary	Officer Director	$0	$0	$0
Eddie Franklin	Director	Director	$0	$0	$0
Bulah Harper	Director	Director	$0	$0	$0
Clifton Johnson	Director	Director	$0	$0	$0
Laura Grisham	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
2022	$773	$3,499	$730,787	$-2,726
2021	$3,119	$4,122	$748,028	$-1,003
2020	$5,692	$10,622	$745,024	$-4,930
2019	$9,224	$5,384	$743,486	$3,840

Tunica County Housing Project Inc