TERRAFIRMA HOMES INC (EIN 863226632) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

JOHN T COOLEY JR

Phone

8174545238

Tax Period

2023-01-01 to 2023-12-31

TERRAFIRMA HOMES INC, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $473K in total revenue in fiscal year 2023. The organization ran a surplus of $383K, a strong 81% operating margin.

Mission

TO PROMOTE SOCIAL WELFARE WITHIN THE MEANING OF SECTION 501(C)(4) OF THE CODE OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE BY PROVIDING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND COMBATTING COMMUNITY DETERIORATION BY BUILDING NEW HOMES IN NEIGHBORHOODS THAT ARE CONSIDERED DISTRESSED OR THAT WOULD BENEFIT FROM INVESTMENT OR NEW MODERATE INCOME HOMES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $472,659

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $472,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,721

Other Expenses $89,721

TOTAL EXPENSES $89,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$472,659	N/A	N/A
Expenses	$89,721	$23,556	+2.8%
Net Income	$382,938	$-23,556	-17.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
GREG CRANE	DIRECTOR	5.00	Director	$0	$0	$0
GLORIA DELGADO	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN FAUSZ	DIRECTOR	5.00	Director	$0	$0	$0
BARBARA GARCIA	DIRECTOR	5.00	Director	$0	$0	$0
CHIP HAASS	DIRECTOR	5.00	Director	$0	$0	$0
JOHN T COOLEY JR	VP & TREASUR	5.00	Officer Director	$0	$0	$0
RENEE SEELEY	SECRETARY	5.00	Officer Director	$0	$0	$0
JOHN TURCOTTE	DIRECTOR	5.00	Director	$0	$0	$0
CHARLES H TURNER	PRESIDENT &	5.00	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
2023	$472,659	$89,721	$1,452,513	$382,938

TERRAFIRMA HOMES INC