TIMBER HILLS HOUSING OF ALCORN COUNTY INC (EIN 640928287) - 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

2000

Legal Domicile

Principal Officer

SCOTT RUSSELL

Phone

2288183226

Tax Period

2023-10-01 to 2024-09-30

TIMBER HILLS HOUSING OF ALCORN COUNTY INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $132K in total revenue in fiscal year 2023. Expenses of $172K exceeded revenue, resulting in a 31% operating deficit.

Mission

PROVIDES HOUSING FOR THE ELDERLY AND DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT THROUGH AN AGREEMENT WITH THE DEPARTMENT OF HUD

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $131,718

Investment Income $134

Other Revenue $0

TOTAL REVENUE $131,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,122

Fundraising Expenses $0

Program Expenses $123,490

Other Expenses $147,984

TOTAL EXPENSES $172,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$131,852	$124,724	+0.1%
Expenses	$172,106	$164,435	+0.0%
Net Income	$-40,254	$-39,711	+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
JUDY RAMEY	CHAIRMAN	0.20	Officer Director	$0	$0	$0
TROY HOLLIDAY	VICE CHAIRMAN	0.20	Officer Director	$0	$0	$0
KIM HODGES	SECRETARY/TREASURER	0.20	Officer Director	$0	$0	$0
JOYCE FUGITT	BOARDMEMBER	0.20	Director	$0	$0	$0
TRAVIS CHILDERS	BOARDMEMBER	0.20	Director	$0	$0	$0
JAMES MCDOWELL	BOARDMEMBER	0.20	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
2024	$131,852	$172,106	$420,044	$-40,254
2023	$124,724	$164,435	$454,738	$-39,711
2022	$100,456	$158,333	$491,328	$-57,877
2018	$101,962	$139,501	$647,725	$-37,539

TIMBER HILLS HOUSING OF ALCORN COUNTY INC