PAYSON REGIONAL HOUSING DEVELOPMENT (EIN 861018112) - 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

2003

Legal Domicile

Principal Officer

Jake Swartwood

Phone

4804270089

Tax Period

2024-07-01 to 2025-06-30

PAYSON REGIONAL HOUSING DEVELOPMENT, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $802K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $761K left a modest 5% surplus.

Mission

Develop and manage low-income housing projects in the Payson, the Rim Country area, and Arizona

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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 $643,280

Program Service Revenue $143,280

Investment Income $15,120

Other Revenue $749

TOTAL REVENUE $802,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,800

Fundraising Expenses $0

Program Expenses $716,558

Other Expenses $689,952

TOTAL EXPENSES $760,752

Year-over-Year Comparison

	2024	2023	Change
Revenue	$802,429	$664,450	+0.2%
Expenses	$760,752	$728,925	+0.0%
Net Income	$41,677	$-64,475	-1.6%

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

$30,170

Total Directors

$8,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jake Swartwood	President	30.00	Officer Highest	$23,900	$0	$23,900
Carol Quigley	Treasurer	5.00	Officer	$4,270	$0	$4,270
Craig Swartwood	Director	2.00	Director	$2,000	$0	$2,000
Katherine Klein	Director	2.00	Director	$2,000	$0	$2,000
William Easton	Director	0.00	Director	$2,000	$0	$2,000
Doug Martin	Director	2.00	Director	$2,000	$0	$2,000
Ralph Bossert	Vice President	2.00	Officer	$2,000	$0	$2,000

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	$802,429	$760,752	$2,348,418	$41,677
2024	$472,300	$50,712	$2,423,475	$421,588
2023	$68,381	$59,157	$2,001,887	$9,224
2022	$594,265	$329,154	$1,992,663	$265,111
2021	$142,808	$62,391	$1,727,552	$80,417
2020	$59,099	$85,439	$1,647,968	$-26,340
2019	$121,494	$38,778	$1,673,475	$82,716

PAYSON REGIONAL HOUSING DEVELOPMENT