ACCESS FOUNDATION CORP (EIN 824050917) - 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

Legal Domicile

Principal Officer

ALAN OVIATT

Phone

4356692331

Tax Period

2024-01-01 to 2024-12-31

ACCESS FOUNDATION CORP is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 178% from the prior year, signaling strong growth momentum. The organization ran a surplus of $830K, a strong 42% operating margin.

Mission

TO PROVIDE DECENT, SAFE, AND SANITARY HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PERSONS INCLUDING THOSE WITH DISABILITIES AND RALLY COMMUNITY SERVICES FOR THE SUPPORT OF THESE INDIVIDUALS. COMMUNITY SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PRIMARY HEALTHCARE, SUBSTANCE USE DISORDER TREATMENT, TRANSPORTATION SERVICES AND MORE.

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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 $947,500

Program Service Revenue $1,033,828

Investment Income $1,031

Other Revenue $0

TOTAL REVENUE $1,982,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,432

Fundraising Expenses $0

Program Expenses $1,152,190

Other Expenses $854,758

TOTAL EXPENSES $1,152,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,982,359	$713,200	+1.8%
Expenses	$1,152,190	$977,062	+0.2%
Net Income	$830,169	$-263,862	-4.1%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLY KEENAN	VICE-PRESIDE	20.00	Officer Director	$0	$0	$0
MICHAEL KEENAN	PRESIDENT	40.00	Officer Director	$0	$0	$0
ALAN OVIATT	SECRETARY	40.00	Officer Director	$0	$0	$0
TRUDY OVIATT	TREASURER	20.00	Officer 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	$1,982,359	$1,152,190	$5,038,813	$830,169
2023	$713,200	$932,721	$3,183,708	$-219,521
2022	$576,277	$657,007	$2,062,499	$-80,730
2021	$298,634	$355,925	$1,444,594	$-57,291
2020	$223,362	$228,721	$449,538	$-5,359

ACCESS FOUNDATION CORP