REDI CORPORATION (EIN 840761658) - 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

1974

Legal Domicile

Principal Officer

STEVE HINSON

Phone

3038607885

Tax Period

2024-04-01 to 2025-03-31

REDI CORPORATION, founded in 1974, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $708K, a strong 55% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE LOW-INCOME, CHRONICALLY MENTALLY ILL.

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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 $359,805

Program Service Revenue $667,303

Investment Income $260,669

Other Revenue $94

TOTAL REVENUE $1,287,871

Expense Breakdown

Grants Paid $94,890

Salaries & Benefits $100,036

Fundraising Expenses $0

Program Expenses $472,647

Other Expenses $385,291

TOTAL EXPENSES $580,217

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,287,871	$849,183	+0.5%
Expenses	$580,217	$491,085	+0.2%
Net Income	$707,654	$358,098	+1.0%

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

$115,391

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MURPHY	FORMER EXECUTIVE DIRECTOR	2.00	Officer	$62,891	$0	$62,891
STEVE HINSON	EXECUTIVE DIRECTOR	2.00	Officer	$52,500	$0	$52,500
TERRY BARNARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
SANDRA GOLDHABER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HEATHER IDEN	TREASURER	1.00	Officer Director	$0	$0	$0
DIEGO KISSACK	SECRETARY	1.00	Officer Director	$0	$0	$0
CRAIG STACK	DIRECTOR	1.00	Director	$0	$0	$0
TREASA BURKE	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	$1,287,871	$580,217	$8,012,409	$707,654
2024	$849,183	$491,085	$7,211,516	$358,098
2023	$2,334,546	$389,779	$6,766,334	$1,944,767
2022	$882,183	$430,159	$3,313,086	$452,024
2021	$316,351	$266,808	$2,751,610	$49,543
2020	$262,760	$277,903	$2,498,364	$-15,143
2019	$268,697	$336,511	$2,594,378	$-67,814
2018	$286,247	$347,544	$2,662,012	$-61,297

REDI CORPORATION