Texas Association of Local Housing Finance Agencies (EIN 760273039) - 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

1989

Legal Domicile

Principal Officer

TODD KERCHEVAL

Phone

5122411657

Tax Period

2023-01-01 to 2023-12-31

Texas Association of Local Housing Finance Agencies, founded in 1989, is a small nonprofit that reported $287K in total revenue in fiscal year 2023. The organization ran a surplus of $47K, a strong 16% operating margin.

Mission

ADVOCATING FOR AND EMPOWERING LOCAL HFCS

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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 $112,790

Program Service Revenue $174,573

Investment Income $26

Other Revenue $0

TOTAL REVENUE $287,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,375

Program Expenses $221,701

Other Expenses $240,208

TOTAL EXPENSES $240,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$287,389	$288,490	0.0%
Expenses	$240,208	$254,055	-0.1%
Net Income	$47,181	$34,435	+0.4%

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

Total Directors

Key Employees

$30,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA SHIELDS	President	2.000	Officer Director	$0	$0	$0
DIANA MCLVER	2nd VP	2.000	Officer Director	$0	$0	$0
ROBERT COLEMAN	Director	2.000	Director	$0	$0	$0
RICK SHEFIELD	1st VP	2.000	Officer Director	$0	$0	$0
PATRICIA WARD	Director	1.000	Director	$0	$0	$0
PAMELA BLACK	Director	1.000	Director	$0	$0	$0
MINDY COCHRAN	Director	1.000	Director	$0	$0	$0
SHARI FLYNN	Director	1.000	Director	$0	$0	$0
MELINDA FRAZER	Director	1.000	Director	$0	$0	$0
JILL MILLER	Director	1.000	Director	$0	$0	$0
JIM SHAW	Treasurer	1.000	Officer Director	$0	$0	$0
JEFF SPICER	Director	1.000	Director	$0	$0	$0
RON WILLIAMS	Director	1.000	Director	$0	$0	$0
TODD R KERCHEVAL	Executive Director	1.000	Key Emp	$30,000	$0	$30,000
JEFF SMITH	Director	1.000	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	$287,389	$240,208	$214,783	$47,181
2022	$288,490	$254,055	$167,602	$34,435
2021	$116,070	$216,151	$197,828	$-100,081
2020	$236,951	$247,683	$273,520	$-10,732
2019	$315,477	$264,284	$260,880	$51,193
2018	$292,574	$263,355	$238,041	$29,219

Texas Association of Local Housing Finance Agencies