THURSTON HOUSING LAND TRUST (EIN 830744308) - 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

2018

Legal Domicile

Principal Officer

REBECA POTASNIK

Phone

3603461920

Tax Period

2024-01-01 to 2024-12-31

THURSTON HOUSING LAND TRUST, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $106K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Net assets of $225K represent 25 months of operating reserves.

Mission

TO ACQUIRE AND BUILD AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PEOPLE, AND TO PRESERVE HOUSING AFFORDABILITY FOR FUTURE GENERATIONS OF LOW AND MODERATE INCOME PEOPLE, ACCOMPLISHED THROUGH A SHARED EQUITY FORM OF HOME OWNERSHIP.

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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 $46,359

Program Service Revenue $59,933

Investment Income $71

Other Revenue $0

TOTAL REVENUE $106,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,253

Fundraising Expenses $2,424

Program Expenses $94,866

Other Expenses $88,415

TOTAL EXPENSES $115,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,363	$257,062	-0.6%
Expenses	$115,668	$200,374	-0.4%
Net Income	$-9,305	$56,688	-1.2%

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

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
DAN RUBIN	SECRETARY	10.00	Officer Director	$0	$0	$0
REBECA POTASNIK	TREASURER	5.00	Officer Director	$0	$0	$0
SUSAN DAVENPORT-MOORE	TRUSTEE	4.00	Director	$0	$0	$0
GRACE MCLARTY	TRUSTEE	1.00	Director	$0	$0	$0
JERRY BUSTAMANTE	PRESIDENT	5.00	Officer Director	$0	$0	$0
ANN VANDEMAN	TRUSTEE	1.00	Director	$0	$0	$0
PAUL KNOX	TRUSTEE	5.00	Director	$0	$0	$0
ROBIN DOWNEY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KIRY NELSON	TRUSTEE	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
2024	$106,363	$115,668	$1,452,857	$-9,305
2023	$257,062	$200,374	$233,838	$56,688
2022	$115,431	$37,644	$177,150	$77,787
2021	$37,070	$11,596	$99,363	$25,474

THURSTON HOUSING LAND TRUST