WINTER HARBOR HOUSING DEVELOPMENT CORP (EIN 237356332) - 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

1972

Legal Domicile

Principal Officer

PETER DRINKWATER

Phone

2074601458

Tax Period

2024-01-01 to 2024-12-31

WINTER HARBOR HOUSING DEVELOPMENT CORP, founded in 1972, is a small nonprofit that reported $222K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $47K, a strong 21% operating margin.

Mission

ELDERLY LOW INCOME HOUSING

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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 $153,525

Program Service Revenue $68,315

Investment Income $548

Other Revenue $0

TOTAL REVENUE $222,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $175,668

Other Expenses $175,668

TOTAL EXPENSES $175,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,388	$178,277	+0.2%
Expenses	$175,668	$177,295	0.0%
Net Income	$46,720	$982	+46.6%

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
LARRY D SMITH	DIRECTOR	5.00	Director	$0	$0	$0
BETTY WILLIAMS	DIRECTOR	5.00	Director	$0	$0	$0
ROSEANNE SHAFER	DIRECTOR	5.00	Director	$0	$0	$0
EARL BLACKNEY	DIRECTOR	5.00	Director	$0	$0	$0
JOHANNA SMITH	DIRECTOR	5.00	Director	$0	$0	$0
PEARL BARTO	DIRECTOR	5.00	Director	$0	$0	$0
PETER DRINKWATER	PRESIDENT	5.00	Officer	$0	$0	$0
MOLLY BLAIR	VICE PRESIDENT	5.00	Officer	$0	$0	$0
LINDA WHITNEY	SECRETARY/TREASURER	5.00	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
2024	$222,388	$175,668	$232,505	$46,720

WINTER HARBOR HOUSING DEVELOPMENT CORP