Cartersville Affordable Housing Corp (EIN 872485701) - 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

2022

Legal Domicile

Phone

7703821414

Tax Period

2024-04-01 to 2025-03-31

Cartersville Affordable Housing Corp, founded in 2022, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $3.0M left a modest 12% surplus.

Mission

Manage 299 units of affordable housing (units converted under HUD's RAD program)

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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 $1,796,060

Program Service Revenue $1,500,779

Investment Income $57,112

Other Revenue $0

TOTAL REVENUE $3,353,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,035,432

Fundraising Expenses $0

Program Expenses $2,958,032

Other Expenses $1,922,600

TOTAL EXPENSES $2,958,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,353,951	$3,708,476	-0.1%
Expenses	$2,958,032	$2,866,308	+0.0%
Net Income	$395,919	$842,168	-0.5%

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

N/A

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
Rhonda Bohannon	CFO	5.00	Officer Director	$0	$0	$0
Jennifer Sherman	Secretary	1.00	Officer Director	$0	$0	$0
Lehmann Smith	CEO / Chairman	1.00	Officer Director	$0	$0	$0
Valerie Gilreath	Director	1.00	Director	$0	$0	$0
Charlie Milner	Director	1.00	Director	$0	$0	$0
Hedy Smith	Director	1.00	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
2025	$3,353,951	$2,958,032	$9,438,748	$395,919
2024	$3,708,476	$2,866,308	$9,918,114	$842,168
2023	$3,715,523	$1,465,191	$7,881,797	$2,250,332

Cartersville Affordable Housing Corp