HOUSING NORTHWEST CORVALLIS INC (EIN 814219378) - 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

2016

Legal Domicile

Principal Officer

DAVID GARNAND

Phone

5034971188

Tax Period

2021-07-01 to 2022-06-30

HOUSING NORTHWEST CORVALLIS INC, founded in 2016, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2021. Revenue surged 255% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.4M, a strong 90% operating margin.

Mission

TO BE THE PREMIER PROVIDER OF AFFORDABLE STUDENT HOUSING AND SUPPORTIVE SERVICES WHICH ENHANCE STUDENT DEVELOPMENT.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $373,117

Investment Income $7,860,260

Other Revenue $0

TOTAL REVENUE $8,233,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,485

Fundraising Expenses $0

Program Expenses $727,338

Other Expenses $719,991

TOTAL EXPENSES $791,476

Year-over-Year Comparison

	2021	2020	Change
Revenue	$8,233,377	$2,316,237	+2.6%
Expenses	$791,476	$2,177,873	-0.6%
Net Income	$7,441,901	$138,364	+52.8%

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

$398,428

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM RADAR	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL MCCRAE	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
BOB MAGNUSON	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA ROSALES	BOARD MEMBER	1.00	Director	$0	$0	$0
TENISHA TEVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
EVA PARK	BOARD MEMBER	1.00	Director	$0	$0	$0
BENJAMIN MICHAUD	BOARD MEMBER (07/01/21 - 03/31/22)	1.00	Director	$0	$0	$0
HOLLIS KINNER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID GARNAND	EXECUTIVE DIRECTOR	1.00	Officer	$0	$18,139	$258,719
STEVE DAVIES	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$11,433	$139,709

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
2022	$8,233,377	$791,476	No data	$7,441,901
2021	$2,316,237	$2,177,873	$12,579,844	$138,364

HOUSING NORTHWEST CORVALLIS INC