HOMEOWNERSHIP CENTER OF TACOMA (EIN 911604011) - 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

1993

Legal Domicile

Principal Officer

SUSAN ELKIN

Phone

2536276560

Tax Period

2022-07-01 to 2023-06-30

HOMEOWNERSHIP CENTER OF TACOMA, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $898K in total revenue in fiscal year 2022. Revenue fell 52% from the prior year — a significant decline worth monitoring.

Mission

TO REHABILITATE AND CONSTRUCT HOMES FOR SALE TO FIRST-TIME, LOW-INCOME HOME BUYERS IN WASHINGTON STATE. COUNSELING IS ALSO PROVIDED TO FIRST-TIME HOME BUYERS.

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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 $40,906

Program Service Revenue $438,700

Investment Income $0

Other Revenue $418,488

TOTAL REVENUE $898,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,107

Fundraising Expenses $0

Program Expenses $661,851

Other Expenses $658,219

TOTAL EXPENSES $915,326

Year-over-Year Comparison

	2022	2021	Change
Revenue	$898,094	$1,880,686	-0.5%
Expenses	$915,326	$2,063,481	-0.6%
Net Income	$-17,232	$-182,795	-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

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

$121,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN ELKIN	EXECUTIVE DIRECTOR	32	Officer	$121,000	$0	$121,000
NORMAN BRICKHOUSE	PRESIDENT	2	Officer Director	$0	$0	$0
KYLE PRICE	SECRETARY	2	Officer Director	$0	$0	$0
BRIDGETTE JOHNSON	TREASURER	2	Officer Director	$0	$0	$0
JEN WILLEY	BOARD MEMBER	2	Director	$0	$0	$0
JENN HALVERSON KUEHN	BOARD MEMBER	2	Director	$0	$0	$0
BRANDI BROWN	BOARD MEMBER	2	Director	$0	$0	$0
KEISHAWNA SMITH	BOARD MEMBER	2	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	$898,094	$915,326	$1,142,743	$-17,232
2022	$1,880,686	$2,063,481	$1,954,038	$-182,795
2022	$893,072	$1,136,694	$2,806,343	$-243,622
2021	$1,269,326	$1,289,016	$3,084,961	$-19,690
2020	$2,293,969	$2,843,665	$2,760,083	$-549,696
2019	$1,139,216	$1,349,802	$3,499,489	$-210,586

HOMEOWNERSHIP CENTER OF TACOMA