SPOKANE HOUSING VENTURES (EIN 911551154) - 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

1992

Legal Domicile

Principal Officer

STEVE MCBRIDE

Phone

5092320170

Tax Period

2022-01-01 to 2022-12-31

SPOKANE HOUSING VENTURES, founded in 1992, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.8M in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $9.8M exceeded revenue, resulting in a 68% operating deficit.

Mission

TO PRESERVE AND DEVELOP HOUSING FOR FAMILIES AND INDIVIDUALS WITH LIMITED INCOMES AND DISABILITIES, AND TO HELP RESIDENTS ACCESS SUPPORTIVE SERVICES TO ACHIEVE SELF-SUFFICIENCY. SEE SCHEDULE O FOR THE MISSION STATEMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $234,088

Program Service Revenue $5,565,427

Investment Income $2,231

Other Revenue $10,648

TOTAL REVENUE $5,812,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,400,146

Fundraising Expenses $0

Program Expenses $7,370,615

Other Expenses $8,383,727

TOTAL EXPENSES $9,783,873

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,812,394	$7,474,764	-0.2%
Expenses	$9,783,873	$7,024,144	+0.4%
Net Income	$-3,971,479	$450,620	-9.8%

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
SPENCER GARDNER	REAL EST COM	2.00	Director	$0	$0	$0
PAUL HAWKINS	DIRECTOR	2.00	Director	$0	$0	$0
KEITH KELLEY	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
STEVE MCBRIDE	PRESIDENT	2.00	Officer Director	$0	$0	$0
BETHANY PASHEL	TREASURER	2.00	Officer Director	$0	$0	$0
DIANNE QUAST	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
BETSY WILKERSON	DIRECTOR	2.00	Director	$0	$0	$0
STEVE WILLIAMS	SECRETARY	2.00	Officer Director	$0	$0	$0
LEROY EADIE	EXECUTIVE DI	40.00	Officer	$0	$0	$0
JOYCE SAISBURY-DICKSON	CFO	40.00	Officer	$0	$0	$0
HALONA THOMPSON	VP HOUSING F	40.00	Officer	$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
2022	No data	No data	No data	No data
2022	$5,812,394	$9,783,873	$36,515,376	$-3,971,479
2021	$7,474,764	$7,024,144	$41,846,446	$450,620
2020	$6,487,771	$7,003,890	$39,816,690	$-516,119
2019	$6,198,491	$6,616,039	$37,767,078	$-417,548
2018	$2,517,792	$3,241,946	$18,511,658	$-724,154

SPOKANE HOUSING VENTURES