The Willows at Melvin Place

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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

2009

Legal Domicile

Principal Officer

Cindy Boling

Phone

4253747675

Tax Period

2024-05-01 to 2025-04-30

The Willows at Melvin Place, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $115K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $168K exceeded revenue, resulting in a 46% operating deficit.

Mission

To create pathways to recovery, stability, resilency, and successful community membership throughout Everett and Snohomish County with a focus on addressing the affordable supportive housing needs of community members who struggle with mental or physical disabilities

Program Service Accomplishments

Program 1

Expenses: $124,697 Revenue: $56,914

Provide affordable supportive housing needs of community members who struggle with mental or physical 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 $58,069

Program Service Revenue $56,914

Investment Income $31

Other Revenue $0

TOTAL REVENUE $115,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,040

Fundraising Expenses $0

Program Expenses $124,697

Other Expenses $159,308

TOTAL EXPENSES $168,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,014	$100,114	+0.1%
Expenses	$168,348	$152,209	+0.1%
Net Income	$-53,334	$-52,095	+0.0%

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

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
Cindy Boling	President	3.00	Officer Director	$0	$0	$0
Jenifer Gross	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Deanne Heggem	Vice President	1.00	Officer Director	$0	$0	$0
Christine Shields	Member	1.00	Director	$0	$0	$0
Lisa Hanks	Member	3.00	Director	$0	$0	$0
Cheri Wright	Member	1.00	Director	$0	$0	$0
EJ Norton	Member	1.00	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	$115,014	$168,348	$1,449,070	$-53,334
2024	$100,114	$152,209	$1,500,189	$-52,095
2023	$95,604	$134,856	$1,540,616	$-39,252
2022	$91,057	$150,633	$1,576,026	$-59,576
2021	$85,085	$143,432	$1,634,950	$-58,347
2020	$83,776	$133,267	$1,687,348	$-49,491
2019	$77,689	$130,400	$1,731,423	$-52,711