STORY COUNTY HOUSING TRUST

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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

2017

Legal Domicile

Principal Officer

LATIFAH FAISAL

Phone

5153043524

Tax Period

2024-07-01 to 2025-06-30

STORY COUNTY HOUSING TRUST, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $949K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $185K, a strong 19% operating margin.

Mission

STORY COUNTY HOUSING TRUST PROVIDES LOW INCOME PERSONS IN STORY COUNTY TO INNOVATIVE AND FLEXIBLE FUNDING FROM VARIOUS FEDERAL, STATE AND LOCAL SOURCES OF REVENUE TO PRODUCE NEW AND PRESERVE EXISTING AFFORDABLE HOUSING, TO PROMOTE HOMEOWNERSHIP, AND SUPPORT HOMES AND TRANSITIONAL HOUSING SERVICES.

Program Service Accomplishments

Program 1

Expenses: $686,730

STORY COUNTY HOUSING TRUST PROVIDES FUNDING TO PRODUCE NEW AND PRESERVE EXISTING AFFORDABLE HOUSING, TO PROMOTE HOMEOWNERSHIP, AND SUPPORT HOMES AND TRANSITIONAL HOUSING SERVICES FOR LOW INCOME...

STORY COUNTY HOUSING TRUST PROVIDES FUNDING TO PRODUCE NEW AND PRESERVE EXISTING AFFORDABLE HOUSING, TO PROMOTE HOMEOWNERSHIP, AND SUPPORT HOMES AND TRANSITIONAL HOUSING SERVICES FOR LOW INCOME RESIDENTS OF STORY COUNTY.

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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 $948,263

Program Service Revenue $0

Investment Income $622

Other Revenue $0

TOTAL REVENUE $948,885

Expense Breakdown

Grants Paid $679,468

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $686,730

Other Expenses $84,795

TOTAL EXPENSES $764,263

Year-over-Year Comparison

	2024	2023	Change
Revenue	$948,885	$669,586	+0.4%
Expenses	$764,263	$619,116	+0.2%
Net Income	$184,622	$50,470	+2.7%

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
LATIFAH FAISAL	CHAIR	1.00	Director	$0	$0	$0
CRAIG HENRY	VICE CHAIR	1.00	Director	$0	$0	$0
STEVE RINGLEE	SECRETARY	1.00	Director	$0	$0	$0
ERIK BUNKER	TREASURER	1.00	Director	$0	$0	$0
AMBER CORRIERI	DIRECTOR	1.00	Director	$0	$0	$0
NANCY BEATTY	DIRECTOR	1.00	Director	$0	$0	$0
HOPE METHENY	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS FEVOLD	DIRECTOR	1.00	Director	$0	$0	$0
MATT FLUMMERFELT	DIRECTOR	1.00	Director	$0	$0	$0
GREG PIKLAPP	DIRECTOR	1.00	Director	$0	$0	$0
GREG SCHLUETER	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
2025	$948,885	$764,263	$503,107	$184,622
2024	No data	No data	No data	No data
2023	$239,515	$271,188	$116,382	$-31,673
2022	$199,064	$176,754	$110,310	$22,310
2022	$232,675	$196,684	$145,310	$35,991
2021	$332,919	$314,506	$102,592	$18,413