Rhema Housing Inc (EIN 651142545) - 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

2005

Legal Domicile

Principal Officer

Marilyn Bragg

Phone

6784031816

Tax Period

2024-01-01 to 2024-12-31

Rhema Housing Inc, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $3.6M left a modest 12% surplus.

Mission

Provide Personal Care Homes, Group Homes, Host Homes for Temporary or Longterm Housing. Personal Support Services to clients in their individual homes. Services, Supplies, Food and Temporarily Housing to the Homeless.

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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 $4,008,918

Investment Income $68,553

Other Revenue $0

TOTAL REVENUE $4,077,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,457

Fundraising Expenses $0

Program Expenses $3,495,268

Other Expenses $3,466,180

TOTAL EXPENSES $3,590,637

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,077,471	$3,208,964	+0.3%
Expenses	$3,590,637	$2,705,246	+0.3%
Net Income	$486,834	$503,718	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

N/A

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

$28,201

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marilyn Bragg	Director	20.00	Director	$28,201	$0	$28,201

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	$4,077,471	$3,590,637	$3,201,094	$486,834
2023	$3,208,964	$2,705,246	$2,745,417	$503,718
2022	$3,131,027	$2,441,245	$2,226,519	$689,782
2021	$2,028,659	$1,729,728	$1,622,183	$298,931
2020	$1,078,473	$878,745	$1,221,829	$199,728
2019	$166,546	$346,351	$1,022,101	$-179,805
2018	$267,666	$309,611	$1,203,037	$-41,945

Rhema Housing Inc