POCO WAY HDC INC (EIN 770378030) - 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

1994

Legal Domicile

Principal Officer

PRESTON PRINCE

Phone

4082758770

Tax Period

2024-01-01 to 2024-12-31

POCO WAY HDC INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $4.4M exceeded revenue, resulting in a 311% operating deficit.

Mission

THE ORGANIZATION OPERATED HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES.

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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 $1,072,407

Investment Income $674

Other Revenue $0

TOTAL REVENUE $1,073,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,382,856

Other Expenses $4,413,951

TOTAL EXPENSES $4,413,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,073,081	$1,236,524	-0.1%
Expenses	$4,413,951	$1,494,287	+2.0%
Net Income	$-3,340,870	$-257,763	+12.0%

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

N/A

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

$1,143,462

Total Directors

$1,143,462

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRESTON PRINCE	PRESIDENT	1.00	Officer Director	$0	$69,198	$507,304
RUSSELL BRUNSON	VICE PRESIDENT/SECRETARY	1.00	Officer Director	$0	$17,712	$308,835
FLAHERTY WARD	VICE PRESIDENT/TREASURER	1.00	Officer Director	$0	$39,072	$327,323

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	$1,073,081	$4,413,951	$64,731,810	$-3,340,870
2023	$1,236,524	$1,494,287	$62,652,455	$-257,763
2022	$1,262,135	$1,427,318	$60,885,931	$-165,183
2021	$1,132,405	$1,390,257	$59,880,484	$-257,852
2020	$1,577,665	$1,019,552	$57,214,298	$558,113
2019	$488,708	$421,306	$53,582,410	$67,402
2018	$326,155	$89,924	$52,824,518	$236,231

POCO WAY HDC INC