WOLLASTON LUTHERAN HOUSING INC (EIN 061731780) - 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

2004

Legal Domicile

Principal Officer

TIMOTHY WISMAR

Phone

6174790248

Tax Period

2023-01-01 to 2023-12-31

WOLLASTON LUTHERAN HOUSING INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $171K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE ACCESS TO PAYROLL SERVICES, INCLUDING GROUP HEALTH AND RETIREMENT BENEFITS, AND OTHER SUPPORT AND MANAGEMENT SERVICES TO NON-PROFIT AND FOR PROFIT ORGANIZATIONS - SPECIFICALLY ORGANIZATIONS PROVIDING QUALITY DIGNIFIED HOUSING TO THE LOW-INCOME ELDERLY AND HANDICAPPED AND OTHER ENTITIES WHICH SUPPORT THEM.

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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 $0

Investment Income $4,129

Other Revenue $167,358

TOTAL REVENUE $171,487

Expense Breakdown

Grants Paid $166,386

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $166,386

Other Expenses $3,162

TOTAL EXPENSES $169,548

Year-over-Year Comparison

	2023	2022	Change
Revenue	$171,487	$1,079,975	-0.8%
Expenses	$169,548	$1,093,505	-0.8%
Net Income	$1,939	$-13,530	-1.1%

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

Employees

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
MARCIA BAILEY	DIRECTOR	N/A	Director	$0	$0	$0
REV JAMES KIMMELL	DIRECTOR	N/A	Director	$0	$0	$0
REV RICHARD LAW	DIRECTOR	N/A	Director	$0	$0	$0
REV STEVE LAW	DIRECTOR/VIC	N/A	Officer Director	$0	$0	$0
KOMBORERO SHOKO	DIRECTOR	N/A	Director	$0	$0	$0
LOLA TOM	DIRECTOR / C	N/A	Officer Director	$0	$0	$0
BARBARA WISMAR	DIRECTOR	N/A	Director	$0	$0	$0
REV ADOLPH WISMAR	DIRECTOR	N/A	Director	$0	$0	$0
TIMOTHY WISMAR	PRESIDENT/TR	N/A	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	$171,487	$169,548	$298,726	$1,939
2022	$1,079,975	$1,093,505	$267,878	$-13,530
2020	$3,226,703	$2,619,913	$641,220	$606,790
2019	$2,479,030	$2,396,091	$6,217,869	$82,939
2018	$2,642,852	$2,449,310	$6,219,987	$193,542

WOLLASTON LUTHERAN HOUSING INC