Norman Affordable Housing Corporation (EIN 731529495) - 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

Karen Canavan SecTreas

Phone

4053290933

Tax Period

2024-07-01 to 2025-06-30

Norman Affordable Housing Corporation, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $590K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $562K left a modest 5% surplus.

Mission

To manage and develop low income apartment complexes

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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 $545,690

Investment Income $44,804

Other Revenue $0

TOTAL REVENUE $590,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $280,615

Fundraising Expenses $0

Program Expenses $300,407

Other Expenses $281,636

TOTAL EXPENSES $562,251

Year-over-Year Comparison

	2024	2023	Change
Revenue	$590,494	$796,811	-0.3%
Expenses	$562,251	$641,984	-0.1%
Net Income	$28,243	$154,827	-0.8%

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

$271,140

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Canavan	Sec/Treas	12.00	Officer	$0	$0	$271,140
Marianne Ratliff	President	1.00	Officer	$0	$0	$0
Rick McKinney	Vice President	1.00	Officer	$0	$0	$0
Jeff Cummins	Director	1.00	Director	$0	$0	$0
Peggy Stockwell	Director	1.00	Director	$0	$0	$0
Becky Hunt	Director	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
2025	$590,494	$562,251	$5,851,535	$28,243
2024	$796,811	$641,984	$5,829,400	$154,827
2023	$2,196,725	$1,202,133	$5,827,848	$994,592
2022	$1,079,057	$447,182	$4,997,830	$631,875
2021	$383,154	$373,073	$4,341,046	$10,081

Norman Affordable Housing Corporation