FAMILY HOUSING RESOURCES INC (EIN 860750139) - 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

1994

Legal Domicile

Principal Officer

MEGHAN HEDDINGS

Phone

5203180993

Tax Period

2024-01-01 to 2024-12-31

FAMILY HOUSING RESOURCES INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 97% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 50% operating margin.

Mission

WE CREATE LASTING SOLUTIONS TO HELP INDIVIDUALS AND FAMILIES REACH FINANCIAL FREEDOM THROUGH HOUSING SUPPORT, EDUCATION, AND PARTNERSHIP. TO ACCOMPLISH THIS, WE WORK THROUGH TWO PRIMARY AREAS OF OUR WORK; HOUSING SUPPORT AND EDUCATION AND COUNSELING.

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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 $1,696,703

Program Service Revenue $1,862,953

Investment Income $133,392

Other Revenue $25,078

TOTAL REVENUE $3,718,126

Expense Breakdown

Grants Paid $11,786

Salaries & Benefits $868,136

Fundraising Expenses $0

Program Expenses $1,835,514

Other Expenses $992,007

TOTAL EXPENSES $1,871,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,718,126	$1,891,286	+1.0%
Expenses	$1,871,929	$2,070,561	-0.1%
Net Income	$1,846,197	$-179,275	-11.3%

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

N/A

Independent Members

N/A

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

Total Directors

$154,299

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN HEDDINGS	EXECUTIVE DIR.	1.00	Director	$154,299	$0	$154,299
DIANE QUIHUIS	TREASURER	0.00	Officer Director	$0	$0	$0
MEGAN O'LEARY	SECRETARY	0.00	Officer Director	$0	$0	$0
STANLEY LEHMAN	PRESIDENT	0.00	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	$3,718,126	$1,871,929	$14,795,096	$1,846,197
2023	$1,891,286	$2,070,561	$10,101,023	$-179,275
2022	$2,032,057	$1,978,342	$10,162,926	$53,715
2021	$6,406,733	$2,787,769	$9,168,887	$3,618,964
2020	$2,622,190	$2,775,551	$8,903,283	$-153,361
2019	$3,948,240	$2,278,975	$8,877,517	$1,669,265
2018	$1,296,924	$1,932,480	$5,949,758	$-635,556

FAMILY HOUSING RESOURCES INC