HOME FOR GOOD OF EAU CLAIRE 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

ASTRI GRACEHEART

Phone

7155290648

Tax Period

2023-01-01 to 2023-12-31

HOME FOR GOOD OF EAU CLAIRE INC, founded in 2020, is a small nonprofit in the Housing & Shelter sector that reported $283K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $370K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE SAFE AND AFFORDABLE HOUSING TO FAMILIES EXPERIENCING HOUSING INSECURITY IN DOWNTOWN EAU CLAIRE.

Program Service Accomplishments

Program 1

Expenses: $274,035 Revenue: $85,551

PROVIDE SAFE AND AFFORDABLE HOUSING TO FAMILIES EXPERIENCING HOUSING INSECURITY IN DOWNTOWN EAU CLAIRE: PARTNERED WITH LOCAL EMERGENCY HOUSING ORGANIZATIONS TO PLACE 12 FAMILIES EXPERIENCING HOUSING INSECURITY IN PROGRAM-OWNED, LONG-TERM, SINGLE-FAMILY HOUSING IN EAU CLAIRE, WI. HOUSING RENTS ARE SET AT OR BELOW FAIR MARKET RENTAL RATES, ADJUSTED TO FIT SECTION 8 HOUSING VOUCHER RATES. THIS PROGRAM PROVIDES RELIABLE INTERNET, WATER AND SEWER, LAWN CARE AND SNOW REMOVAL, AND WASTE REMOVAL FOR ALL 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 $150,725

Program Service Revenue $85,551

Investment Income $46,273

Other Revenue $0

TOTAL REVENUE $282,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,902

Fundraising Expenses $10

Program Expenses $274,035

Other Expenses $242,709

TOTAL EXPENSES $369,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,549	$642,864	-0.6%
Expenses	$369,611	$149,768	+1.5%
Net Income	$-87,062	$493,096	-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

N/A

Volunteers

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

$63,054

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITA DORSEY	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD HALMSTAD	DIRECTOR	0.50	Director	$0	$0	$0
THERESE PERSHALL	DIRECTOR	0.50	Director	$0	$0	$0
ASTRI GRACEHEART	PROGRAM DIRECTOR	0.50	Officer	$0	$0	$63,054

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	$282,549	$369,611	$2,731,494	$-87,062
2022	$642,864	$149,768	$1,520,963	$493,096