KERN AFFORDABLE HOUSING INC (EIN 770220625) - 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

1988

Legal Domicile

Principal Officer

DIANA ELLIOTT

Phone

6616331533

Tax Period

2023-01-01 to 2023-12-31

KERN AFFORDABLE HOUSING INC, founded in 1988, is a small nonprofit that reported $163K in total revenue in fiscal year 2023. Expenses of $142K left a modest 13% surplus.

Mission

PROVIDE LOW INCOME HOUSING

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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 $105,599

Program Service Revenue $49,756

Investment Income $1,945

Other Revenue $5,781

TOTAL REVENUE $163,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,141

Fundraising Expenses $0

Program Expenses $141,954

Other Expenses $95,106

TOTAL EXPENSES $142,247

Year-over-Year Comparison

	2023	2022	Change
Revenue	$163,081	$171,072	0.0%
Expenses	$142,247	$137,481	+0.0%
Net Income	$20,834	$33,591	-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

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
RANDY COATS	CHAIR	1.00	Officer Director	$0	$0	$0
FRED HAAS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FRANCES MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY JOHNS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELICA ORTIZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MAX BACERRA	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL TWILLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA ELLIOTT	EXECUTIVE DIRECTOR	1.00	Officer	$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
2023	$163,081	$142,247	No data	$20,834
2022	$171,072	$137,481	$286,714	$33,591
2021	$139,454	$128,299	$284,520	$11,155
2020	$121,021	$115,874	$277,635	$5,147
2019	$138,701	$126,900	$275,232	$11,801
2018	$113,623	$113,198	$266,120	$425

KERN AFFORDABLE HOUSING INC