MID-SOUTH HOUSING FOUNDATION (EIN 721380444) - 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

1997

Legal Domicile

Principal Officer

CLARENCE W CHAPMAN

Phone

6622365080

Tax Period

2023-01-01 to 2023-12-31

MID-SOUTH HOUSING FOUNDATION, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $200K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $170K left a modest 15% surplus.

Mission

TO ENGAGE IN THE DEVELOPMENT, FINANCING, CONSTRUCTION, RENOVATION, REHABILITATION, MANAGEMENT, AND OTHERWISE PROVIDING FOR AND FOSTERING LOW AND MODERATE INCOME HOUSING IN THE MID-SOUTH.

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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 $140,617

Investment Income $59,478

Other Revenue $0

TOTAL REVENUE $200,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,496

Fundraising Expenses $0

Other Expenses $61,634

TOTAL EXPENSES $170,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,095	$391,180	-0.5%
Expenses	$170,130	$73,557	+1.3%
Net Income	$29,965	$317,623	-0.9%

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

$92,897

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARENCE W CHAPMAN	PRESIDENT	8.00	Director	$0	$54,203	$54,203
CLARENCE C CHAPMAN JR	SECRETARY	4.00	Director	$0	$18,341	$18,341
JOHN SCHMIDT	TREASURER	4.00	Director	$0	$14,512	$14,512
JOHN CHAPMAN	DIRECTOR	4.00	Director	$0	$5,841	$5,841
CHARLES MCCLELLAND	DIRECTOR	N/A	Director	$0	$0	$0
SALLY SHY	DIRECTOR	N/A	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	$200,095	$170,130	$27,227,591	$29,965
2022	$391,180	$73,557	$27,150,394	$317,623
2021	$448,331	$72,942	$26,795,271	$375,389
2020	$4,275,512	$61,047	$26,507,382	$4,214,465
2019	$812,019	$91,497	$25,569,773	$720,522
2018	$1,023,130	$187,172	$25,033,125	$835,958

MID-SOUTH HOUSING FOUNDATION