WLC HOUSING INC (EIN 043260692) - 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

1995

Legal Domicile

Principal Officer

TIMOTHY WISMAR

Phone

6177867601

Tax Period

2024-01-01 to 2024-12-31

WLC HOUSING INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $800K, a strong 30% operating margin.

Mission

PROVIDE QUALITY DIGNIFIED HOUSING AND OTHER SERVICES FOR THE LOW-INCOME ELDERLY.

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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 $787,966

Program Service Revenue $1,893,676

Investment Income $19,882

Other Revenue $0

TOTAL REVENUE $2,701,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,059

Fundraising Expenses $0

Program Expenses $1,767,010

Other Expenses $1,549,438

TOTAL EXPENSES $1,901,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,701,524	$1,618,662	+0.7%
Expenses	$1,901,497	$1,384,970	+0.4%
Net Income	$800,027	$233,692	+2.4%

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

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

$739,060

Total Directors

$739,060

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY WISMAR	PRESIDENT/TREASURER/DIRECT	1.00	Officer Director	$0	$63,950	$444,067
STEVE LAW	VICE PRESIDENT/DIRECTOR	0.50	Officer Director	$0	$21,595	$294,993
MARCIA BAILEY	DIRECTOR	0.50	Director	$0	$0	$0
REVEREND ADOLPH WISMAR JR	DIRECTOR	0.50	Director	$0	$0	$0
REVEREND JAMES KIMMELL	DIRECTOR	0.50	Director	$0	$0	$0
KOMBORERO SHOKO	DIRECTOR	0.50	Director	$0	$0	$0
LOLA TOM	DIRECTOR/SECRETARY/CLERK	0.50	Officer Director	$0	$0	$0
LESLEY CHEN	DIRECTOR	0.50	Director	$0	$0	$0
REVEREND RICHARD LAW	DIRECTOR	0.50	Director	$0	$0	$0
JOSIE MCGOVERN	DIRECTOR OF FINANCE	10.00	Highest	$47,360	$47,047	$246,322

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	$2,701,524	$1,901,497	$8,787,731	$800,027
2023	$1,618,662	$1,384,970	$4,187,112	$233,692
2022	$1,173,716	$1,273,249	$3,946,151	$-99,533
2021	$1,166,208	$1,211,097	$4,030,738	$-44,889
2020	$1,144,156	$1,136,369	$4,063,889	$7,787
2019	$1,122,414	$1,125,482	$4,031,008	$-3,068
2018	$1,330,867	$1,099,207	$4,029,176	$231,660

WLC HOUSING INC