WESTMORELAND NONPROFIT HOUSING CORP (EIN 232935865) - 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

MICHAEL WASHOWICH

Phone

7248327248

Tax Period

2023-10-01 to 2024-09-30

WESTMORELAND NONPROFIT HOUSING CORP, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $996K left a modest 10% surplus.

Mission

TO OWN AND MANAGE LOW INCOME HOUSING FOR QUALIFIED LOW INCOME INDIVIDUALS AND GOVERNMENTAL AGENCIES.

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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 $1,096,039

Investment Income $9,348

Other Revenue $0

TOTAL REVENUE $1,105,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,184

Fundraising Expenses $0

Program Expenses $995,614

Other Expenses $726,430

TOTAL EXPENSES $995,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,105,387	$1,125,327	0.0%
Expenses	$995,614	$950,639	+0.0%
Net Income	$109,773	$174,688	-0.4%

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

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 S ABRAHAM	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
MICHAEL WASHOWICH	PRESIDENT	2.00	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	$1,105,387	$995,614	$1,406,870	$109,773
2023	$1,125,327	$950,639	$1,296,671	$174,688
2022	$2,564,870	$1,428,833	$1,121,983	$1,136,037
2021	$1,185,650	$973,713	$2,200,758	$211,937
2020	$1,110,999	$930,387	$2,100,063	$180,612
2019	$920,343	$903,373	$1,978,624	$16,970

WESTMORELAND NONPROFIT HOUSING CORP