WOLLASTON LUTHERAN CHURCH APTS INC (EIN 237036017) - 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

1960

Legal Domicile

Principal Officer

TIMOTHY WISMAR

Phone

6177735875

Tax Period

2023-01-01 to 2023-12-31

WOLLASTON LUTHERAN CHURCH APTS INC, founded in 1960, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $5.0M exceeded revenue, resulting in a 21% operating deficit.

Mission

ORGANIZATION SUPPORTS, AND HOLDS FUNDS FOR, ITS NONPROFIT MEMBER INSTITUTIONS

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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 $4,113,166

Investment Income $5,020

Other Revenue $0

TOTAL REVENUE $4,118,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,199,076

Fundraising Expenses $0

Program Expenses $4,701,047

Other Expenses $3,788,977

TOTAL EXPENSES $4,988,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,118,186	$3,293,575	+0.3%
Expenses	$4,988,053	$3,579,112	+0.4%
Net Income	$-869,867	$-285,537	+2.0%

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

$351,080

Total Directors

$351,080

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY M WISMAR	PRESIDENT/TREASURER	1.00	Officer Director	$0	$55,732	$246,946
STEVE LAW	VICE-PRESIDENT	0.50	Officer Director	$0	$14,506	$104,134
LOLA TOM	SECRETARY/CLERK	0.50	Officer Director	$0	$0	$0
RICHARD LAW	DIRECTOR	0.50	Director	$0	$0	$0
MS MARCIA BAILEY	DIRECTOR	0.50	Director	$0	$0	$0
KOMBORERO SHOKO	DIRECTOR	0.50	Director	$0	$0	$0
REV JAMES KIMMELL	DIRECTOR	0.50	Director	$0	$0	$0
REV AH WISMAR JR	DIRECTOR	0.50	Director	$0	$0	$0
LESLEY CHEN	DIRECTOR	0.50	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	$4,118,186	$4,988,053	$21,455,106	$-869,867
2022	$3,293,575	$3,579,112	$20,858,741	$-285,537
2021	$3,151,671	$3,243,120	$16,446,016	$-91,449
2020	$3,450,776	$2,998,853	$6,999,473	$451,923
2019	$2,937,930	$2,802,042	$3,614,597	$135,888
2018	$2,533,844	$2,545,344	$3,754,926	$-11,500

WOLLASTON LUTHERAN CHURCH APTS INC