THE GARDENS AT WICHITA PLACE INC (EIN 273853591) - 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

2010

Legal Domicile

Principal Officer

MARY JONES

Phone

3166851821

Tax Period

2023-01-01 to 2023-12-31

THE GARDENS AT WICHITA PLACE INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $136K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $172K exceeded revenue, resulting in a 26% operating deficit.

Mission

PROVIDES HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

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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 $135,725

Investment Income $342

Other Revenue $0

TOTAL REVENUE $136,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,895

Fundraising Expenses $0

Program Expenses $153,393

Other Expenses $139,208

TOTAL EXPENSES $172,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,067	$90,844	+0.5%
Expenses	$172,103	$153,847	+0.1%
Net Income	$-36,036	$-63,003	-0.4%

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
LAURA RAINWATER	CHAIRMAN	N/A	Director	$0	$0	$0
ARNOLD HUDSPETH	TREASURER	N/A	Officer Director	$0	$0	$0
CHARLES MCCLELLAN	SECRETARY	N/A	Officer Director	$0	$0	$0
MIKE HUGHES	MEMBER	N/A	Director	$0	$0	$0
MARY JONES	PRESIDENT &	N/A	Officer Director	$0	$0	$0
TERESE VEBERG	SENIOR DIREC	N/A	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$136,067	$172,103	$1,273,453	$-36,036
2022	$90,844	$153,847	$1,323,514	$-63,003
2021	$69,919	$139,122	$1,358,924	$-69,203
2020	$71,102	$131,230	$1,396,469	$-60,128
2019	$72,933	$127,348	$1,441,093	$-54,415
2018	$68,071	$113,005	$1,470,535	$-44,934

THE GARDENS AT WICHITA PLACE INC