NEVADA HAND INC (EIN 841247057) - 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

1993

Legal Domicile

Principal Officer

MEGAN SCHIMICK

Phone

7027393345

Tax Period

2023-01-01 to 2023-12-31

NEVADA HAND INC, founded in 1993, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.5M in total revenue in fiscal year 2023. Expenses of $8.4M exceeded revenue, resulting in a 84% operating deficit.

Mission

NEVADA H.A.N.D., INC. DEVELOPS AFFORDABLE HOUSING FOR SENIORS, FAMILIES WITH LOW TO MODERATE INCOMES. NEVADA H.A.N.D., INC. ALSO PROVIDES RESIDENT SERVICES TO COMMUNITIES OWNED OR OPERATED BY THE ORGANIZATION.

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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 $1,424,307

Program Service Revenue $2,513,764

Investment Income $0

Other Revenue $607,922

TOTAL REVENUE $4,545,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,743,034

Fundraising Expenses $0

Program Expenses $2,043,586

Other Expenses $2,621,389

TOTAL EXPENSES $8,364,423

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,545,993	$4,567,076	0.0%
Expenses	$8,364,423	$7,962,928	+0.1%
Net Income	$-3,818,430	$-3,395,852	+0.1%

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

$1,379,710

Total Directors

Key Employees

$784,909

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY SHIREY	CHAIRMAN	0.80	Director	$0	$0	$0
EARLINE LOVELACE	SECRETARY	0.80	Director	$0	$0	$0
SARAH ODIA	TREASURER	0.80	Director	$0	$0	$0
KEN LADD	BOARD MEMBER	0.80	Director	$0	$0	$0
VICKY VANMEETREN	BOARD MEMBER	0.80	Director	$0	$0	$0
SAM LOYA	BOARD MEMBER	0.80	Director	$0	$0	$0
BRUCE SPOTLESON	BOARD MEMBER	0.80	Director	$0	$0	$0
MARIE WILSON	BOARD MEMBER	0.80	Director	$0	$0	$0
CANDACE ROSIAK	BOARD MEMBER	0.80	Director	$0	$0	$0
ERIC HORN	BOARD MEMBER	0.80	Director	$0	$0	$0
KATHY SILVER	BOARD MEMBER	0.80	Director	$0	$0	$0
BOB WHITE	BOARD MEMBER	0.80	Director	$0	$0	$0
GREG MCKINLEY	BOARD MEMBER	0.80	Director	$0	$0	$0
ELOIZA MARTINEZ	BOARD MEMBER	0.80	Director	$0	$0	$0
AUDRA HAMERNIK	PRESIDENT AND CEO	45.00	Officer	$556,001	$27,755	$583,756
TIMOTHY VEENSTRA	COO	45.00	Officer	$378,899	$25,248	$404,147
MEGAN SCHIMICK	CFO	45.00	Officer	$379,272	$12,535	$391,807
RALPH MURPHY	SENIOR VP OF DEVELOPMENT	45.00	Key Emp	$247,645	$18,255	$265,900
TRACY WORTHAM	VP OF HUMAN RESOURCES	45.00	Key Emp	$233,346	$23,962	$257,308
KATHALENE CARPENTER	VP OF ASSET MANAGEMENT	45.00	Key Emp	$244,065	$17,636	$261,701
WALDON SWENSON	VP OF CORPORATE AFFAIRS	45.00	Highest	$252,550	$18,898	$271,448
KRISTIN FRIEDLI	CONTROLLER	45.00	Highest	$190,469	$18,633	$209,102
DAIGO ISHIKAWA	DIRECTOR OF REAL ESTATE DEVELOPMENT	45.00	Highest	$135,378	$14,551	$149,929
MARISSA SHOOP	DIRECTOR OF RESIDENT SERVICES	45.00	Highest	$121,375	$19,360	$140,735
APRIL DEANE	ASSISTANT CONTROLLER	45.00	Highest	$119,354	$9,937	$129,291

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	No data	No data	No data	No data
2023	$4,545,993	$8,364,423	$85,767,134	$-3,818,430
2022	$4,567,076	$7,962,928	$81,654,943	$-3,395,852
2021	$13,558,861	$7,300,524	$77,122,058	$6,258,337
2020	$4,825,621	$7,794,956	$63,949,855	$-2,969,335
2019	$4,679,043	$7,586,827	$57,752,735	$-2,907,784
2018	$10,959,349	$6,634,708	$56,186,411	$4,324,641

NEVADA HAND INC