ADVENT HOUSING GROUP 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

2018

Legal Domicile

Principal Officer

DR MICHAEL WIMBERLY

Phone

8283238968

Tax Period

2023-01-01 to 2023-12-31

ADVENT HOUSING GROUP INC, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $104K in total revenue in fiscal year 2023. Revenue surged 1730% from the prior year, signaling strong growth momentum. Expenses of $137K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO ASSIST LOW INCOME FAMILIES AND INDIVIDUALS RESIDING IN CATAWBA, BURKE AND ALEXANDER COUNTIES OF NORTH CAROLINA WITH HOUSING

Program Service Accomplishments

Program 1

Expenses: $133,742

TO ASSIST LOW INCOME FAMILIES WITH HOUSING

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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 (2023)

Revenue Breakdown

Contributions & Grants $901

Program Service Revenue $0

Investment Income $103,384

Other Revenue $0

TOTAL REVENUE $104,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,742

Other Expenses $136,789

TOTAL EXPENSES $136,789

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,285	$5,700	+17.3%
Expenses	$136,789	$6,562	+19.8%
Net Income	$-32,504	$-862	+36.7%

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

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

$140,459

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL HENRY	MEMBER	1.00	Director	$0	$0	$0
DANIEL COLLINSON	MEMBER	1.00	Director	$0	$0	$0
FORREST TOMS	MEMBER	1.00	Director	$0	$0	$0
MICHAEL WIMBERLY	CHAIRMAN	1.00	Officer	$0	$0	$0
SIDNEY MYLES	VICE CHAIR	1.00	Officer	$0	$0	$0
DIANA NGUYEN	CFO	1.00	Officer	$0	$15,373	$140,459
ALANDA RICHARDSON	CEO	1.00	Highest	$0	$17,706	$161,777

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
2023	$104,285	$136,789	$171,281	$-32,504
2022	$5,700	$6,562	$203,785	$-862
2021	$40,366	$6,598	$204,647	$33,768