WOOD LANE APARTMENTS INC (EIN 261684226) - 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

2007

Legal Domicile

Principal Officer

JESSICA MILLER-BLAKELY

Phone

4193539577

Tax Period

2023-01-01 to 2023-12-31

WOOD LANE APARTMENTS INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $104K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $151K exceeded revenue, resulting in a 45% operating deficit.

Mission

PROVIDE SAFE, LOW-COST HOUSING TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN WOOD COUNTY

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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 $29,980

Program Service Revenue $72,995

Investment Income $430

Other Revenue $864

TOTAL REVENUE $104,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,283

Fundraising Expenses $0

Program Expenses $140,211

Other Expenses $142,931

TOTAL EXPENSES $151,214

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,269	$111,813	-0.1%
Expenses	$151,214	$143,563	+0.1%
Net Income	$-46,945	$-31,750	+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

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
MEGAN NEWLOVE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RANDY ROBERTS	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS NORTH	TREASURER	1.00	Officer Director	$0	$0	$0
JUDY CONDA	SECRETARY	1.00	Director	$0	$0	$0
RANDY SANNER	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA FERGUSON	TRUSTEE	1.00	Director	$0	$0	$0
MIKE ASPACHER	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA MILLER-BLAKELY	CEO	1.00	Officer	$0	$0	$0
TONIA PETERS	CFO	1.00	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	No data	No data	No data	No data
2023	$104,269	$151,214	$1,416,603	$-46,945
2022	$111,813	$143,563	$1,457,582	$-31,750
2021	$105,142	$133,367	$1,492,242	$-28,225
2020	$107,321	$138,568	$1,527,199	$-31,247
2019	$104,581	$142,549	$1,552,828	$-37,968
2018	$89,152	$138,518	$1,615,491	$-49,366

WOOD LANE APARTMENTS INC