COOK INLET HOUSING DEVELOPMENT CORPORATION (EIN 920103000) - 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

1985

Legal Domicile

Principal Officer

CLAYTON BOURNE

Phone

9077933000

Tax Period

2023-01-01 to 2023-12-31

COOK INLET HOUSING DEVELOPMENT CORPORATION, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $8.8M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $15.1M exceeded revenue, resulting in a 72% operating deficit.

Mission

COOK INLET HOUSING DEVELOPMENT CORPORATION'S PURPOSE IS TO CARRY OUT CHARITABLE ACTIVITIES DIRECTLY OR INDIRECTLY THROUGH THE PROVISION OF HOUSING, MEDICAL SERVICES TO THE ELDERLY AND NEEDY, AND OTHER CHARITABLE PURPOSES THE BOARD OF DIRECTORS MAY DETERMINE.

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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 $0

Program Service Revenue $0

Investment Income $56,484

Other Revenue $8,730,508

TOTAL REVENUE $8,786,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,479,953

Fundraising Expenses $0

Program Expenses $15,144,160

Other Expenses $13,664,207

TOTAL EXPENSES $15,144,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,786,992	$10,539,669	-0.2%
Expenses	$15,144,160	$15,694,901	0.0%
Net Income	$-6,357,168	$-5,155,232	+0.2%

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
MICHAEL BOLING	CHAIRMAN	1.00	Director	$0	$0	$0
DEBRA MORRIS	SECRETARY	1.00	Director	$0	$0	$0
BOB JULIUSSEN	VICE CHAIR	1.00	Director	$0	$0	$0
PATRICK DUKE	TREASURER	1.00	Director	$0	$0	$0
BARBARA DONATELLI	MEMBER	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	$8,786,992	$15,144,160	$135,799,735	$-6,357,168
2022	$10,539,669	$15,694,901	$139,220,457	$-5,155,232
2021	$7,883,867	$12,525,373	$128,338,563	$-4,641,506
2020	$7,863,745	$11,989,365	$124,988,188	$-4,125,620
2019	$6,631,266	$10,873,193	$123,710,845	$-4,241,927
2018	$11,762,043	$10,669,005	$123,033,332	$1,093,038

COOK INLET HOUSING DEVELOPMENT CORPORATION