SNOHOMISH AFFORDABLE HOUSING GROUP

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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

1991

Legal Domicile

Principal Officer

BILL RASER

Phone

3605680536

Tax Period

2023-01-01 to 2023-12-31

SNOHOMISH AFFORDABLE HOUSING GROUP, founded in 1991, is a small nonprofit in the Unknown sector that reported $632K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $964K exceeded revenue, resulting in a 53% operating deficit.

Mission

THE ORGANIZATION'S OBJECTIVE IS TO BRING TOGETHER THE SKILLS AND COMPASSION THAT EXISTS IN SNOHOMISH IN A LOCAL COMMUNITY EFFORT TO PRODUCE MODEST HOUSING FOR THEIR LESS FORTUNATE NEIGHBORS WITHOUT GOVERNMENT FUNDING.

Program Service Accomplishments

Program 1

Expenses: $410,922 Revenue: $258,967

AVENUE D: 42 UNIT APARTMENT PROJECT IS OCCUPIED BY SENIORS, FAMILIES WITH CHILDREN, AND DISABLED INDIVIDUALS WITH INCOME AT OR BELOW 50% OF THE MEDIAN COUNTY INCOME.

Program 2

Expenses: $176,971 Revenue: $136,092

SENIOR HOUSING: 21 UNIT SENIOR-SPECIFIC AFFORDABLE HOUSING PROJECT. DESIGNED TO SERVE SENIOR CITIZENS IN THE CITY OF SNOHOMISH.

Program 3

Expenses: $194,536 Revenue: $112,877

TUCKER PLACE: 21 UNIT APARTMENT PROJECT IS OCCUPIED BY SENIORS, FAMILIES WITH CHILDREN, AND DISABLED INDIVIDUALS WITH INCOME AT OR BELOW 50% OF THE MEDIAN COUNTY INCOME.

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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 $2,795

Program Service Revenue $616,563

Investment Income $12,246

Other Revenue $0

TOTAL REVENUE $631,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,133

Fundraising Expenses $0

Program Expenses $941,080

Other Expenses $891,239

TOTAL EXPENSES $964,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$631,604	$706,272	-0.1%
Expenses	$964,372	$545,460	+0.8%
Net Income	$-332,768	$160,812	-3.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL RASER	PRESIDENT	4.00	Officer Director	$0	$0	$0
DAN SMOOTS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN STARR	TREASURER	1.00	Officer Director	$0	$0	$0
DAWN JONES	SECRETARY	1.00	Officer Director	$0	$0	$0
RAY COOK	DIRECTOR	1.00	Director	$0	$0	$0
DOUG THORNDIKE	DIRECTOR	1.00	Director	$0	$0	$0
LAURA HUNTINGTON	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE BENSON	DIRECTOR	1.00	Director	$0	$0	$0
MARILEE SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT ZARO	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	$631,604	$964,372	$3,548,501	$-332,768
2022	$706,272	$545,460	$3,972,378	$160,812
2021	$868,681	$526,821	$3,879,572	$341,860
2020	$529,899	$512,900	$3,602,507	$16,999
2019	$523,935	$503,125	$3,649,254	$20,810
2018	$515,220	$481,546	$3,689,771	$33,674