City of Lubbock Housing Initiative (EIN 752507379) - 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

1993

Legal Domicile

Principal Officer

Mike Chapman

Phone

8067762305

Tax Period

2023-10-01 to 2024-09-30

City of Lubbock Housing Initiative, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $719K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $650K left a modest 10% surplus.

Mission

To provide affordable housing services to low and moderate-income families in the Lubbock Community.

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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 $614,613

Investment Income $6,907

Other Revenue $97,733

TOTAL REVENUE $719,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,703

Fundraising Expenses $0

Program Expenses $494,623

Other Expenses $494,623

TOTAL EXPENSES $650,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$719,253	$514,452	+0.4%
Expenses	$650,326	$537,627	+0.2%
Net Income	$68,927	$-23,175	-4.0%

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

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
Toby Cecil	Chairman	1.00	Officer Director	$0	$0	$0
Ayda Martinez	Vice Chairman	1.00	Officer Director	$0	$0	$0
Mike Chapman	Secretary	1.00	Officer Director	$0	$0	$0
Amanda Gray	Resident Commissioner	1.00	Director	$0	$0	$0
Vecelia Mann	Director	1.00	Director	$0	$0	$0
Jerry Raminrez	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
2024	$719,253	$650,326	$4,799,833	$68,927
2023	$514,452	$537,627	$4,019,682	$-23,175
2022	$1,020,268	$481,192	$4,048,689	$539,076
2021	$232,343	$323,415	$3,225,552	$-91,072
2020	$392,861	$1,062,759	$2,597,981	$-669,898

City of Lubbock Housing Initiative