SEARCY HOUSING SOLUTIONS 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

2020

Legal Domicile

Principal Officer

David Gates

Phone

5012688547

Tax Period

2023-01-01 to 2023-12-31

SEARCY HOUSING SOLUTIONS INC, founded in 2020, is a small nonprofit in the Housing & Shelter sector that reported $220K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $143K, a strong 65% operating margin.

Mission

To support the Searcy Housing Authority, a public housing authority, and to promote and support the development of quality housing for low income persons in the City of Searcy Arkansas and in White County, Arkansas and surrounding counties.

Program Service Accomplishments

Program 1

Expenses: $7,540 Revenue: $0

Moving expenses paid on behalf of tenants of Searcy Housing Authority, a supported organization.

Program 2

Expenses: $8,668 Revenue: $0

Contract costs for tenant services including pest control, grounds maintenance, and consulting

Program 3

Expenses: $4,010 Revenue: $0

Utility expenses for tenants

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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 $203,999

Program Service Revenue $0

Investment Income $15,597

Other Revenue $0

TOTAL REVENUE $219,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,318

Other Expenses $76,602

TOTAL EXPENSES $76,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,596	$460,763	-0.5%
Expenses	$76,602	$6,127	+11.5%
Net Income	$142,994	$454,636	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Arthur Churchill	President and Director	1	Officer Director	$0	$0	$0
David Goff	Vice President and Director	1	Officer Director	$0	$0	$0
Karen Millar	Director	1	Director	$0	$0	$0
Clint Butler	Director	1	Director	$0	$0	$0
Sonja Parsons	Director	1	Director	$0	$0	$0
David Gates	Secretary/Treasurer	1	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$219,596	$76,602	$927,630	$142,994
2022	$460,763	$6,127	$784,636	$454,636