Boomerang Housing Corporation (EIN 943190802) - 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

1991

Legal Domicile

Principal Officer

GINA DACUS

Phone

4152062140

Tax Period

2023-01-01 to 2023-12-31

Boomerang Housing Corporation, founded in 1991, is a small nonprofit that reported $500K in total revenue in fiscal year 2023. Revenue surged 624% from the prior year, signaling strong growth momentum. The organization ran a surplus of $425K, a strong 85% operating margin.

Mission

TO PROVIDE HOUSING FOR LOW-INCOME PERSONS, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS AND TO SERVE AS A GENERAL PARTNER IN A LIMITED PARTNERSHIP WHICH OWNS AND OPERATES HOUSING FOR THE BENEFIT OF LOW INCOME PERSONS WHO ARE IN THE NEED OF AFFORDABLE, DECENT, SAFE AND SANITARY HOUSING AND RELATED SERVICES.

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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 $13,093

Investment Income $489,476

Other Revenue $-2,453

TOTAL REVENUE $500,116

Expense Breakdown

Grants Paid $59,569

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,519

Other Expenses $15,950

TOTAL EXPENSES $75,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$500,116	$69,059	+6.2%
Expenses	$75,519	$14,589	+4.2%
Net Income	$424,597	$54,470	+6.8%

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

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

$188,434

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA DACUS	Executive Dir.	2.00	Officer	$0	$13,111	$188,434
MICHAEL SMITH	President	1.00	Officer Director	$0	$0	$0
ROBERT CROCKRON	Secretary	1.00	Officer Director	$0	$0	$0
LAUREL MUNIZ	Treasurer	1.00	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	$500,116	$75,519	$1,183,158	$424,597
2022	$69,059	$14,589	$1,145,729	$54,470
2021	$16,898	$13,343	$1,144,974	$3,555
2020	$15,918	$12,136	$1,143,296	$3,782
2019	$90,944	$91,522	$1,131,314	$-578
2018	$268,498	$181,930	$7,199,942	$86,568

Boomerang Housing Corporation