SAVO ISLAND COOPERATIVE HOMES INC (EIN 942687767) - 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

1978

Legal Domicile

Principal Officer

HOREA MUSSA-SAID

Phone

5106470700

Tax Period

2024-09-01 to 2025-08-31

SAVO ISLAND COOPERATIVE HOMES INC, founded in 1978, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $369K, a strong 20% operating margin.

Mission

TO PROVIDE COOPERATIVE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,077,075

Program Service Revenue $617,599

Investment Income $107,876

Other Revenue $0

TOTAL REVENUE $1,802,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,324

Fundraising Expenses $0

Program Expenses $1,331,347

Other Expenses $1,242,362

TOTAL EXPENSES $1,433,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,802,550	$1,657,414	+0.1%
Expenses	$1,433,686	$1,445,499	0.0%
Net Income	$368,864	$211,915	+0.7%

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
HOREA MUSSA-SAID	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEZANDREA BROOKS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SANDRA HENNEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOEL RUBENZAHL	TREASURER	1.00	Officer Director	$0	$0	$0
ZEWDI BERHE	VICE TREASURER	1.00	Officer Director	$0	$0	$0
MARY ELIASAR	DIRECTOR	1.00	Director	$0	$0	$0
JANE STILLWATER	DIRECTOR	1.00	Director	$0	$0	$0
KEITH BELL	DIRECTOR	1.00	Director	$0	$0	$0
STACY BELL	DIRECTOR	1.00	Director	$0	$0	$0
CAROLE NORRIS	DIRECTOR	1.00	Director	$0	$0	$0
AHMED HAROUN	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
2025	$1,802,550	$1,433,686	$10,156,033	$368,864
2024	$1,657,414	$1,445,499	$9,210,699	$211,915
2023	$1,254,927	$1,746,725	$9,314,829	$-491,798
2022	$4,183,960	$1,423,590	$9,594,982	$2,760,370
2021	$1,255,657	$1,226,949	$6,937,091	$28,708
2020	$1,239,914	$1,210,583	$6,984,095	$29,331
2019	$1,219,920	$1,137,653	$7,144,489	$82,267
2018	$1,147,069	$1,351,722	$7,268,711	$-204,653

SAVO ISLAND COOPERATIVE HOMES INC