SHA INC

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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

2014

Legal Domicile

Principal Officer

MADLYN MCGOWAN

Phone

2039242736

Tax Period

2022-01-01 to 2022-12-31

Mission

SHA, INC. WAS FORMED AS A SUPPORTING ORGANIZATION FOR THE HOUSING AUTHORITY CITY OF SHELTON. SHA, INC. WILL APPLY FOR GRANTS AND OTHER GOVERNMENT FUNDING AND DISTRIBUTE PROCEEDS TO THE AUTHORITY IN SUPPORT OF ITS PURPOSE TO PROVIDE HOUSING TO ELDERLY, LOW INCOME AND DISABLED

Program Service Accomplishments

Program 1

CT HOUSING FINANCE AUTHORITY HOUSING TAX CREDIT CONTRIBUTION 414,555. PROVIDED GRANT TO THE HOUSING AUTHORITY CITY OF SHELTON, SUPPORTED ORGANIZATION, TO BE USED FOR CONSTRUCTION OF RENTAL HOUSING...

CT HOUSING FINANCE AUTHORITY HOUSING TAX CREDIT CONTRIBUTION 414,555. PROVIDED GRANT TO THE HOUSING AUTHORITY CITY OF SHELTON, SUPPORTED ORGANIZATION, TO BE USED FOR CONSTRUCTION OF RENTAL HOUSING FOR LOW INCOME ELDERLY AND DISABLE INDIVIDUALS AT 25% OR 20% OF AMI AERA MEDIAN INCOME.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	N/A	N/A

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

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
LYNDA CHERNEY	DIRECTOR	N/A	Director	$0	$0	$0
MARGARET DOMOROD	DIRECTOR	N/A	Director	$0	$0	$0
JOHN FITZGERALD	DIRECTOR	N/A	Director	$0	$0	$0
HOWARD GURA	DIRECTOR	N/A	Director	$0	$0	$0
JOHN SIMONETTI	DIRECTOR	N/A	Director	$0	$0	$0
MADLYN MCGOWAN	EXECUTIVE DI	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
2022	No data	No data	No data	No data
2021	No data	No data	No data	No data
2020	$414,555	$414,555	No data	No data