WISCONSIN HOUSING PRESERVATION CORP (EIN 300002040) - 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

2001

Legal Domicile

Principal Officer

MIKE SLAVISH

Phone

6088071430

Tax Period

2024-01-01 to 2024-12-31

WISCONSIN HOUSING PRESERVATION CORP, founded in 2001, is a mid-sized nonprofit in the Housing & Shelter sector that reported $79.2M in total revenue in fiscal year 2024. Expenses of $74.2M left a modest 6% surplus.

Mission

TO PRESERVE, PROVIDE, AND PROTECT AFFORDABLE HOUSING FOR THE LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES LIVING IN THE STATE OF WISCONSIN.

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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 $6,164,080

Program Service Revenue $71,120,350

Investment Income $1,954,625

Other Revenue $0

TOTAL REVENUE $79,239,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,836,645

Fundraising Expenses $0

Program Expenses $66,197,726

Other Expenses $68,363,547

TOTAL EXPENSES $74,200,192

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,239,055	$73,393,453	+0.1%
Expenses	$74,200,192	$68,931,038	+0.1%
Net Income	$5,038,863	$4,462,415	+0.1%

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

$1,453,951

Total Directors

$563,373

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGINA DUNKIN	DIRECTOR	2.00	Director	$6,600	$0	$6,600
NATALIE ERDMAN	DIRECTOR	2.00	Director	$9,350	$0	$9,350
WENDY BAUMANN	DIRECTOR	2.00	Director	$6,600	$0	$6,600
JAMES P CARTER	DIRECTOR	2.00	Director	$8,800	$0	$8,800
MARY WRIGHT	PRESIDENT	40.00	Officer Director	$426,258	$36,618	$462,876
RICHARD A HANSEN	DIRECTOR	1.00	Officer Director	$2,500	$0	$2,500
DAVID STRELITZ	SECRETARY	2.00	Officer Director	$12,227	$0	$12,227
BRETT GERBER	TREASURER	2.00	Officer Director	$16,272	$0	$16,272
DAN KROETZ	DIRECTOR	2.00	Director	$8,250	$0	$8,250
ERBERT JOHNSON	CHAIRMAN	8.00	Officer Director	$29,898	$0	$29,898
JOSEPH CARPENTER	CHIEF FINANCIAL OFFICER	40.00	Officer	$281,414	$31,406	$312,820
LEE FERDERER	VICE PRESIDENT & GENERAL COUNSEL	40.00	Officer	$271,132	$16,015	$287,147
MICHAEL SLAVISH	CHIEF OPERATING OFFICER	40.00	Officer	$299,853	$30,358	$330,211
MARK VAN DEN BROEKE	CONSTRUCTION MANAGER	40.00	Highest	$142,421	$18,239	$160,660
MATTHEW CHILDRESS	DEVELOPMENT & ACQUISITIONS MANAGER	40.00	Highest	$159,778	$33,384	$193,162
MEGAN WALELA	DEVELOPMENT & ACQUISITIONS MANAGER	40.00	Highest	$151,985	$24,378	$176,363
NICOLE PERRY-BESLEY	ASSISTANT VP - ASSET MANAGEMENT	40.00	Highest	$148,498	$14,225	$162,723
BRIAN CODA	DIRECTOR OF ACCOUNTING	40.00	Highest	$128,982	$22,110	$151,092

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	$79,239,055	$74,200,192	$521,592,972	$5,038,863
2023	$73,393,453	$68,931,038	$469,736,666	$4,462,415
2022	$56,526,588	$55,011,838	$406,689,805	$1,514,750
2021	$53,775,337	$49,228,965	$363,112,557	$4,546,372
2020	$53,105,056	$48,252,571	$347,445,559	$4,852,485
2019	$59,807,372	$48,029,061	$341,677,447	$11,778,311
2018	$54,363,780	$47,251,527	$339,925,609	$7,112,253

WISCONSIN HOUSING PRESERVATION CORP