TRI COUNTY HOUSING INC (EIN 841296087) - 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

1995

Legal Domicile

Phone

7192635168

Tax Period

2024-01-01 to 2024-12-31

TRI COUNTY HOUSING INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $9.6M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE AFFORDABLE HOUSING OPTIONS TO LOW AND MODERATE INCOME FAMILIES.

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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 $7,048,394

Program Service Revenue $2,530,304

Investment Income $22,094

Other Revenue $0

TOTAL REVENUE $9,600,792

Expense Breakdown

Grants Paid $6,346,998

Salaries & Benefits $1,473,311

Fundraising Expenses $0

Program Expenses $9,380,987

Other Expenses $1,904,345

TOTAL EXPENSES $9,724,654

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,600,792	$15,982,565	-0.4%
Expenses	$9,724,654	$15,462,776	-0.4%
Net Income	$-123,862	$519,789	-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

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

$145,883

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN R CORDOVA	Executive Dir.	40.00	Officer	$140,149	$5,734	$145,883
MARGARET GARDNER	BOARD MEMBER	1.00	Director	$0	$0	$0
SIMONA GALLEGOS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
CODY ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE SNIDER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
SONNY SMITH	OFFICER	1.00	Officer Director	$0	$0	$0
LAURA DIPRINCE	BOARD MEMBER	1.00	Officer 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	$9,600,792	$9,724,654	$12,490,694	$-123,862
2023	$16,804,917	$16,207,354	$15,486,565	$597,563
2023	$15,982,565	$15,462,776	$12,395,684	$519,789
2022	$17,086,914	$18,317,085	$14,778,085	$-1,230,171
2021	$8,095,427	$7,900,703	$14,600,374	$194,724
2020	$3,211,269	$3,089,507	$12,519,892	$121,762
2019	$905,434	$1,247,562	$12,129,721	$-342,128
2018	$924,546	$1,227,834	$12,092,973	$-303,288

TRI COUNTY HOUSING INC