OAK WOODS INC (EIN 223496040) - 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

GARY WESALO

Phone

7323559009

Tax Period

2024-01-01 to 2024-12-31

OAK WOODS INC, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 8% surplus.

Mission

THE ORGANIZATION OWNS AND OPERATES A SECTION 202 HUD FINANCED MULTIFAMILY HOUSING PROJECT FOR THE ELDERLY CONSISTING OF 74 UNITS.

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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 $257,368

Program Service Revenue $895,503

Investment Income $10,730

Other Revenue $1,535

TOTAL REVENUE $1,165,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $405,489

Fundraising Expenses $0

Program Expenses $675,540

Other Expenses $668,134

TOTAL EXPENSES $1,073,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,165,136	$1,093,107	+0.1%
Expenses	$1,073,623	$1,031,664	+0.0%
Net Income	$91,513	$61,443	+0.5%

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

$161,794

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY WESALO	TREASURER	2.00	Officer Director	$0	$0	$0
ANNE LUCK	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARTHA ASINOBI	SECRETARY	2.00	Officer Director	$0	$0	$0
EILEEN JANSSON	TRUSTEE	1.00	Director	$0	$0	$0
JESSIE PARKER	TRUSTEE	1.00	Director	$0	$0	$0
KAMAL NAJJAR	TRUSTEE	1.00	Director	$0	$0	$0
ALAN KANE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BARBARA CHRISTIANO	TRUSTEE	1.00	Director	$0	$0	$0
PAUL DWYER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM BUZBY JR	TRUSTEE	1.00	Director	$0	$0	$0
BOB HOLT	TRUSTEE	1.00	Director	$0	$0	$0
NOOR JAFAR	TRUSTEE	1.00	Director	$0	$0	$0
KAREN SCALERA	EXECUTIVE DIRECTOR	20.00	Officer	$0	$8,015	$161,794

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	$1,165,136	$1,073,623	$5,082,314	$91,513
2023	$1,093,107	$1,031,664	$4,996,804	$61,443
2022	$1,205,602	$985,643	$4,916,847	$219,959
2021	$826,606	$985,797	$5,035,328	$-159,191
2020	$812,167	$967,858	$5,213,969	$-155,691
2019	$801,925	$959,869	$5,351,228	$-157,944
2018	$811,036	$930,754	$5,518,591	$-119,718

OAK WOODS INC