WILLOW ARMS MUTUAL HOUSING ASSOCIATION INC (EIN 061399543) - 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

1997

Legal Domicile

Principal Officer

CATHERINE MACKINNON

Phone

8602961797

Tax Period

2023-01-01 to 2023-12-31

WILLOW ARMS MUTUAL HOUSING ASSOCIATION INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $924K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING THROUGH THE USE OF 81 UNITS, TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.

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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 $899,457

Investment Income $80

Other Revenue $24,923

TOTAL REVENUE $924,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,016,426

Other Expenses $1,090,446

TOTAL EXPENSES $1,090,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$924,460	$893,528	+0.0%
Expenses	$1,090,446	$1,106,457	0.0%
Net Income	$-165,986	$-212,929	-0.2%

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

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

$161,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY HULTQUIST	PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHAEL LENKIEWICZ	TREASURER	0.50	Officer Director	$0	$0	$0
SHAWNETTE TAYLOR	SECRETARY	0.50	Officer Director	$0	$0	$0
CATHERINE MACKINNON	EXECUTIVE DIRECTOR	5.00	Officer	$0	$31,395	$161,512

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	$924,460	$1,090,446	$2,787,678	$-165,986
2022	$893,528	$1,106,457	$2,984,940	$-212,929
2021	$882,651	$1,090,604	$3,175,524	$-207,953
2020	$901,039	$878,939	$3,425,578	$22,100
2019	$894,643	$996,148	$3,458,356	$-101,505
2018	$820,677	$966,691	$3,579,073	$-146,014

WILLOW ARMS MUTUAL HOUSING ASSOCIATION INC