WISCONSIN COVE INC

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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

2006

Legal Domicile

Principal Officer

DONALD G BROWN

Phone

6016380031

Tax Period

2024-10-01 to 2025-09-30

WISCONSIN COVE INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $177K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $228K exceeded revenue, resulting in a 29% operating deficit.

Mission

PROVIDES HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

Program Service Accomplishments

Program 1

Expenses: $211,186 Revenue: $176,647

PROVIDES HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

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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 $0

Program Service Revenue $176,647

Investment Income $655

Other Revenue $0

TOTAL REVENUE $177,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,800

Fundraising Expenses $0

Program Expenses $211,186

Other Expenses $217,431

TOTAL EXPENSES $228,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,302	$233,952	-0.2%
Expenses	$228,231	$207,250	+0.1%
Net Income	$-50,929	$26,702	-2.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS CARSON	MEMBER	N/A	Director	$0	$0	$0
JENNETTE FLAGGS	MEMBER	N/A	Director	$0	$0	$0
JEANINE HANKS	MEMBER	N/A	Director	$0	$0	$0
SHEILA LOWE	MEMBER	N/A	Director	$0	$0	$0
CHARLES STAMPLEY	MEMBER	N/A	Director	$0	$0	$0
DONALD G BROWN	PRESIDENT	N/A	Officer	$0	$0	$0
LEIGH E COOK	VICE PRESIDE	N/A	Officer	$0	$0	$0
RICK VESSELL	TREASURER/SE	N/A	Officer	$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	$177,302	$228,231	$1,511,669	$-50,929
2024	$233,952	$207,250	$1,564,854	$26,702
2023	$136,001	$216,392	$1,615,006	$-80,391
2022	$125,287	$201,265	$1,690,186	$-75,978
2021	$137,631	$201,510	$1,766,278	$-63,879
2020	$142,201	$183,744	$1,825,340	$-41,543
2019	$132,092	$186,437	$1,867,539	$-54,345