MANUFACTURED HOUSING EDUC TRUST

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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

1982

Legal Domicile

Principal Officer

TROY SHADIAN

Phone

9493803300

Tax Period

2025-01-01 to 2025-12-31

MANUFACTURED HOUSING EDUC TRUST, founded in 1982, is a small nonprofit that reported $780K in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $731K left a modest 6% surplus.

Mission

The organization was formed in order to educate mobile home managers and management entities about the profession and standard of care.

Program Service Accomplishments

Program 1

The organization holds member events to help fund continued efforts at providing education and assistance for affordable housing and rental alternatives.

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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 (2025)

Revenue Breakdown

Contributions & Grants $572,241

Program Service Revenue $188,623

Investment Income $19,589

Other Revenue $0

TOTAL REVENUE $780,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,935

Fundraising Expenses $0

Other Expenses $602,148

TOTAL EXPENSES $731,083

Year-over-Year Comparison

	2025	2024	Change
Revenue	$780,453	$669,104	+0.2%
Expenses	$731,083	$659,511	+0.1%
Net Income	$49,370	$9,593	+4.1%

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

N/A

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
EVA HORNBURG	Executive Board	2.00	Officer Director	$0	$0	$0
REBECCA REBELO	Vice President	2.00	Officer Director	$0	$0	$0
TROY SHADIAN	Treasurer	2.00	Officer Director	$0	$0	$0
NATALIE COSTAGLIO	Secretary	2.00	Officer Director	$0	$0	$0
EILEEN CIRILLO	Executive Board	2.00	Director	$0	$0	$0
ROD ANDERSON	Executive Board	2.00	Director	$0	$0	$0
KEITH CASENHISER	Executive Board	1.00	Director	$0	$0	$0
JERRY JACBOSON	Executive Board	1.00	Director	$0	$0	$0
STANLEY MAGILL JR	Executive Board	1.00	Director	$0	$0	$0
LEE MILLER	Executive Board	1.00	Director	$0	$0	$0
JOHN SPIEZIA	Executive Board	1.00	Director	$0	$0	$0
CHAD CASENHISER	President	4.00	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	$780,453	$731,083	$793,506	$49,370
2024	$669,104	$659,511	$744,136	$9,593
2023	$665,351	$720,240	$734,543	$-54,889
2022	$605,301	$540,359	$789,432	$64,942
2021	$550,109	$469,049	$724,490	$81,060
2020	$495,606	$407,354	$643,430	$88,252
2019	$473,486	$413,235	$555,178	$60,251
2018	$469,401	$412,207	$494,927	$57,194