KARNES HOUSING CORPORATION (EIN 741714309) - 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

1971

Legal Domicile

Phone

8307804053

Tax Period

2024-04-01 to 2025-03-31

KARNES HOUSING CORPORATION, founded in 1971, is a small nonprofit that reported $328K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $119K, a strong 36% operating margin.

Mission

A GROUP OF LOCAL BUSINESS PERSONS PROVIDING AFFORDABLE RESIDENTIAL RENTAL TO ALL ECONOMIC SEGMENTS OF THE LOCAL POPULATION AS WELL AS RENTAL OFFICE SPACE FOR VARIOUS BUSINESSES IN KARNES COUNTY

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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 $0

Investment Income $2,965

Other Revenue $324,971

TOTAL REVENUE $327,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,758

Fundraising Expenses $0

Program Expenses $200,754

Other Expenses $136,412

TOTAL EXPENSES $209,170

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,936	$385,246	-0.1%
Expenses	$209,170	$241,142	-0.1%
Net Income	$118,766	$144,104	-0.2%

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

$70,251

Total Directors

$70,251

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN SCHULZ II	President	20.00	Officer Director	$56,300	$0	$56,300
RUSSEL SWIZE	Secretary	10.00	Officer Director	$8,569	$0	$8,569
RANDY WITTE	Vice President	5.00	Officer Director	$598	$0	$598
RENE SOLIZ	Director	1.00	Officer Director	$598	$0	$598
ELFREN MOCZYGEMGA	Director	1.00	Officer Director	$598	$0	$598
TRACY WITTE	Director	1.00	Officer Director	$598	$0	$598
KIRBY HAERTNER	Director	1.00	Officer Director	$598	$0	$598
CHARLIE MALIK	Director	1.00	Officer Director	$598	$0	$598
MARK BORDOVSKY	Director	1.00	Officer Director	$598	$0	$598
DAVID CARROTHERS	Director	1.00	Officer Director	$299	$0	$299
GARY JANACEK	Director	1.00	Officer Director	$299	$0	$299
ROBERT DIETZ	Director	1.00	Officer Director	$299	$0	$299
MARK WITTE	Director	1.00	Officer Director	$299	$0	$299
TRIP RUCKMAN	Director	1.00	Officer 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	$327,936	$209,170	$1,557,978	$118,766
2024	$385,246	$241,142	$1,437,178	$144,104
2023	$392,518	$213,351	$1,490,049	$179,167
2022	$341,170	$220,509	$1,398,788	$120,661
2021	$256,765	$219,562	$1,367,343	$37,203
2020	$296,115	$243,267	$1,436,149	$52,848
2019	$397,824	$233,484	$1,512,719	$164,340

KARNES HOUSING CORPORATION