SWAN MEMORIAL HOUSING ASSOCIATION

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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

1971

Legal Domicile

Principal Officer

DOUG BERND

Phone

4255621200

Tax Period

2024-10-01 to 2025-09-30

SWAN MEMORIAL HOUSING ASSOCIATION, founded in 1971, is a small nonprofit in the Housing & Shelter sector that reported $976K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $207K, a strong 21% operating margin.

Mission

TO PROVIDE 99 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $656,490 Revenue: $963,959

SWAN MEMORIAL HOUSING ASSOCIATION PROVIDES 99 RENTAL UNITS TO LOW INCOME ELDERLY RESIDENTS UNDER THE AUSPICE OF HUD

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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 $0

Program Service Revenue $963,959

Investment Income $12,009

Other Revenue $0

TOTAL REVENUE $975,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,612

Fundraising Expenses $0

Program Expenses $656,490

Other Expenses $585,543

TOTAL EXPENSES $769,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$975,968	$853,146	+0.1%
Expenses	$769,155	$787,395	0.0%
Net Income	$206,813	$65,751	+2.1%

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

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
DOUG BERND	PRESIDENT	2.00	Officer Director	$0	$0	$0
DEBBI BALDWIN	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDA DRUMHILLER	TREASURER	2.00	Officer Director	$0	$0	$0
JOE PARK	SECRETARY	2.00	Officer Director	$0	$0	$0
BRUCE BACON	DIRECTOR	2.00	Director	$0	$0	$0
JAY SENTZ	DIRECTOR	2.00	Director	$0	$0	$0
BEN ANTONIO	DIRECTOR	2.00	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	$975,968	$769,155	$2,511,525	$206,813
2024	$853,146	$787,395	$2,364,735	$65,751
2023	$815,886	$699,942	$2,336,023	$115,944
2022	$793,569	$664,828	$2,276,323	$128,741
2021	$802,867	$631,382	$2,192,043	$171,485
2020	$772,946	$696,942	$2,096,344	$76,004
2019	$723,603	$732,777	$2,039,956	$-9,174
2018	$709,510	$741,121	$2,086,072	$-31,611