TIMBER HILLS HOUSING OF TIPPAH COUNTY INC (EIN 640940579) - 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

2001

Legal Domicile

Principal Officer

SCOTT RUSSELL

Phone

6018562362

Tax Period

2023-10-01 to 2024-09-30

TIMBER HILLS HOUSING OF TIPPAH COUNTY INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $129K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $175K exceeded revenue, resulting in a 35% 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 $129,388

Investment Income $2

Other Revenue $0

TOTAL REVENUE $129,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,899

Fundraising Expenses $0

Program Expenses $116,495

Other Expenses $152,320

TOTAL EXPENSES $175,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$129,390	$139,913	-0.1%
Expenses	$175,219	$173,662	+0.0%
Net Income	$-45,829	$-33,749	+0.4%

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
TROY HOLLIDAY	VICE CHAIRMAN	0.20	Officer Director	$0	$0	$0
KIM HODGES	SECRETARY/TREASURER	0.20	Officer Director	$0	$0	$0
JUDY RAMEY	CHAIRMAN	0.20	Officer Director	$0	$0	$0
JOYCE FUGITT	BOARMEMBER	0.20	Director	$0	$0	$0
TRAVIS CHILDERS	BOARMEMBER	0.20	Director	$0	$0	$0
JAMES MCDOWELL	BOARMEMBER	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	$129,390	$175,219	$309,651	$-45,829
2023	$139,913	$173,662	$351,939	$-33,749
2022	$114,937	$165,240	$382,848	$-50,303
2021	$114,342	$151,968	$424,691	$-37,626
2020	$93,536	$143,601	$462,216	$-50,065
2019	$101,908	$146,658	$503,617	$-44,750
2018	$90,307	$148,202	$539,848	$-57,895

TIMBER HILLS HOUSING OF TIPPAH COUNTY INC