FIRST AME HOUSING ASSOCIATION (EIN 911148798) - 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

1969

Legal Domicile

Principal Officer

ROXANNE BUCHANAN

Phone

2065103061

Tax Period

2023-01-01 to 2023-12-31

FIRST AME HOUSING ASSOCIATION, founded in 1969, is a community nonprofit in the Housing & Shelter sector that reported $3.2M in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $517K, a strong 16% operating margin.

Mission

PROVISION OF AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES AND THE ELDERLY

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,627,127

Program Service Revenue $1,180,655

Investment Income $397,522

Other Revenue $0

TOTAL REVENUE $3,205,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $637,067

Fundraising Expenses $0

Program Expenses $2,687,813

Other Expenses $2,050,746

TOTAL EXPENSES $2,687,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,205,304	$10,980,310	-0.7%
Expenses	$2,687,813	$1,556,272	+0.7%
Net Income	$517,491	$9,424,038	-0.9%

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

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
ROXANNE BUCHANAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
LARRY LANDRY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARCUS PRICE	TREASURER	1.00	Officer Director	$0	$0	$0
HAROLD WRIGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
ROSS HAYNES	DIRECTOR	1.00	Director	$0	$0	$0
SIMEON RHODEN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
LARRY GILMORE	DIRECTOR	1.00	Director	$0	$0	$0
CAMILLE JENKINS	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
2024	No data	No data	No data	No data
2023	$3,205,304	$2,687,813	$19,600,847	$517,491
2022	$10,980,310	$1,556,272	$19,532,975	$9,424,038
2021	$2,370,228	$1,839,904	$7,193,916	$530,324
2020	$2,562,567	$1,592,756	$8,060,730	$969,811
2020	$2,643,565	$1,566,693	$8,131,931	$1,076,872
2019	$2,120,843	$1,297,971	$6,447,039	$822,872
2019	$2,268,986	$1,319,601	$6,510,795	$949,385
2018	$2,196,796	$1,283,588	$4,882,333	$913,208

FIRST AME HOUSING ASSOCIATION