WESTERN IOWA HOUSING CORPORATION (EIN 260078223) - 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

2004

Legal Domicile

Principal Officer

BRAD SCHROEDER

Phone

8135055989

Tax Period

2024-07-01 to 2025-06-30

WESTERN IOWA HOUSING CORPORATION, founded in 2004, is a micro nonprofit in the Housing & Shelter sector that reported $90K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $197K exceeded revenue, resulting in a 118% operating deficit.

Mission

PROVIDE HOUSING FACILITIES AND SERVICES TO PERSONS WITH DISABILITIES.

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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 $90,364

Investment Income $126

Other Revenue $0

TOTAL REVENUE $90,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,414

Fundraising Expenses $0

Program Expenses $129,429

Other Expenses $171,818

TOTAL EXPENSES $197,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,490	$63,244	+0.4%
Expenses	$197,232	$73,732	+1.7%
Net Income	$-106,742	$-10,488	+9.2%

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

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
BRAD SCHROEDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
STACEY WARNER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIE ROURICK	SECRETARY	1.00	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
2025	$90,490	$197,232	$914,034	$-106,742
2024	$63,244	$73,732	$1,058,908	$-10,488
2023	$92,717	$108,612	$1,057,701	$-15,895
2022	$78,072	$117,430	$1,104,398	$-39,358
2021	$79,201	$101,895	$1,134,784	$-22,694
2020	$80,167	$95,492	$1,146,139	$-15,325
2019	$64,174	$95,452	$1,270,730	$-31,278
2018	$76,311	$98,552	$1,273,968	$-22,241

WESTERN IOWA HOUSING CORPORATION