LITTLE MANATEE HOUSING CORPORATION (EIN 650979677) - 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

1999

Legal Domicile

Principal Officer

STEVE KIRK

Phone

3052422142

Tax Period

2024-01-01 to 2024-12-31

LITTLE MANATEE HOUSING CORPORATION, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.8M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE PRIMARY FUNCTION OF THE CORPORATION IS TO PROVIDE LOW COST HOUSING TO MIGRANT AND SEASONAL FARM WORKERS IN HILLSBOROUGH COUNTY, FLORIDA.

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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 $0

Program Service Revenue $1,482,287

Investment Income $5,433

Other Revenue $0

TOTAL REVENUE $1,487,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,479

Fundraising Expenses $0

Program Expenses $1,821,774

Other Expenses $1,577,295

TOTAL EXPENSES $1,821,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,487,720	$1,345,609	+0.1%
Expenses	$1,821,774	$1,466,410	+0.2%
Net Income	$-334,054	$-120,801	+1.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
PINITA ALEGRE	DIRECTOR	N/A	Director	$0	$0	$0
DIANA GONZALES	SECRETARY	N/A	Director	$0	$0	$0
ARTURO LOPEZ	DIRECTOR	N/A	Director	$0	$0	$0
PETER MCDOUGAL	VICE CHAIR	N/A	Director	$0	$0	$0
DAVID POWERS	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN RUBIO RIVERA	VICE CHAIR	N/A	Director	$0	$0	$0
CARLOS SALGADA	DIRECTOR	N/A	Director	$0	$0	$0
AL TOWNSEL	CHAIR	N/A	Director	$0	$0	$0
KATRINA WRIGHT	DIRECTOR	N/A	Director	$0	$0	$0
STEVE KIRK	PRESIDENT	N/A	Officer	$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	$1,487,720	$1,821,774	$7,960,981	$-334,054
2023	$1,345,609	$1,466,410	$8,061,614	$-120,801
2022	$1,262,696	$1,334,014	$8,377,142	$-71,318
2021	$1,258,639	$1,256,718	$8,676,474	$1,921
2020	$1,226,340	$1,228,675	$8,748,779	$-2,335
2019	$1,060,905	$1,188,165	$8,993,945	$-127,260
2018	$1,089,452	$1,167,369	$9,241,219	$-77,917

LITTLE MANATEE HOUSING CORPORATION