LOTTIE JOHNSON MEMORIAL HOUSING INC (EIN 942185014) - 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

1970

Legal Domicile

Phone

5102681736

Tax Period

2023-01-01 to 2023-12-31

LOTTIE JOHNSON MEMORIAL HOUSING INC, founded in 1970, is a small nonprofit that reported $364K in total revenue in fiscal year 2023. Expenses of $404K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES ELDERLY AND HANDICAPPED PURSUANT TO SECTION 236 OF THE NATIONAL HOUSING ACT

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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 $363,532

Investment Income $229

Other Revenue $0

TOTAL REVENUE $363,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,376

Fundraising Expenses $0

Program Expenses $403,970

Other Expenses $299,594

TOTAL EXPENSES $403,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$363,761	$342,519	+0.1%
Expenses	$403,970	$363,442	+0.1%
Net Income	$-40,209	$-20,923	+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
Pastor Michael Wallace	President	2.00	Officer Director	$0	$0	$0
Cleothas Simmons	Vice President	2.00	Officer Director	$0	$0	$0
Archie Belford	Secretary	2.00	Officer Director	$0	$0	$0
Tyrone Snipes	Treasurer	2.00	Officer 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	$363,761	$403,970	$485,803	$-40,209
2022	$342,519	$363,442	$525,196	$-20,923
2021	$367,280	$361,324	$541,078	$5,956
2020	$345,299	$360,480	$535,122	$-15,181

LOTTIE JOHNSON MEMORIAL HOUSING INC