GOODWILL INDUSTRIES OF ACADIANA HOUSING CORP INC (EIN 721278083) - 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

1994

Legal Domicile

Principal Officer

DEACON ED BOUSTANY

Phone

3374068500

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF ACADIANA HOUSING CORP INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $388K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PROVIDES HOUSING TO LOW INCOME ELDERLY INDIVIDUALS, WHICH IS SUBSIDIZED BY HUD SECTION 8 RENTAL ASSISTANCE PAYMENTS.

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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 $234,863

Program Service Revenue $151,893

Investment Income $84

Other Revenue $1,010

TOTAL REVENUE $387,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,675

Fundraising Expenses $0

Program Expenses $297,404

Other Expenses $338,622

TOTAL EXPENSES $377,297

Year-over-Year Comparison

	2023	2022	Change
Revenue	$387,850	$336,558	+0.2%
Expenses	$377,297	$355,288	+0.1%
Net Income	$10,553	$-18,730	-1.6%

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

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
DEACON ED BOUSTANY	CEO/PRESIDEN	1.00	Officer Director	$0	$0	$0
FRANCHESCA L HAMILTON-ACKER	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
SUSAN HOLLIDAY	CHAIR EMERIT	1.00	Officer Director	$0	$0	$0
PAUL MOLBERT	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JOSEPH B WOLF SR	SECRETARY	1.00	Officer Director	$0	$0	$0
KEN STANSBURY	TREASURER	1.00	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	No data	No data	No data	No data
2023	$387,850	$377,297	$1,369,126	$10,553
2022	$336,558	$355,288	$1,373,264	$-18,730
2021	$315,356	$318,911	$1,395,055	$-3,555
2020	$278,038	$319,972	$1,374,658	$-41,934
2019	$234,620	$293,506	$1,407,271	$-58,886
2018	$236,720	$291,046	$1,466,995	$-54,326

GOODWILL INDUSTRIES OF ACADIANA HOUSING CORP INC