MERCY PROPERTIES WASHINGTON II (EIN 300117515) - 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

2002

Legal Domicile

Principal Officer

JOSEPH THOMPSON

Phone

3038303300

Tax Period

2021-01-01 to 2021-12-31

MERCY PROPERTIES WASHINGTON II, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2021. The organization ran a surplus of $543K, a strong 22% operating margin.

Mission

TO MANAGE AND DIRECT LOW-INCOME HOUSING AND PROVIDE SERVICES TO LOW-INCOME FAMILIES, ELDERLY, HANDICAPPED, HOMELESS, POTENTIALLY HOMELESS, OR OTHERWISE DISADVANTAGED PERSONS

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,524,388

Investment Income $82

Other Revenue $0

TOTAL REVENUE $2,524,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $502,212

Fundraising Expenses $0

Program Expenses $1,745,820

Other Expenses $1,479,274

TOTAL EXPENSES $1,981,486

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,524,470	$2,597,319	0.0%
Expenses	$1,981,486	$2,802,069	-0.3%
Net Income	$542,984	$-204,750	-3.7%

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

N/A

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

$1,383,482

Total Directors

$460,282

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNE LATUCHIE	CHAIR/DIRECTOR	1.00	Officer Director	$0	$0	$0
JOSEPH ROSENBLUM	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$9,419	$214,182
JOSEPH THOMPSON	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$39,267	$246,100
BRUCE SAAB	VICE PRESIDENT	1.00	Officer	$0	$17,330	$143,382
COLIN MORGAN-CROSS	VICE PRESIDENT	1.00	Officer	$0	$10,279	$160,421
MELISSA CLAYTON	VICE PRESIDENT	1.00	Officer	$0	$30,752	$252,538
STEVE SPEARS	TREASURER	1.00	Officer	$0	$33,560	$366,859

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
2021	$2,524,470	$1,981,486	No data	$542,984
2020	$2,597,319	$2,802,069	$9,766,531	$-204,750
2019	$2,531,915	$2,863,260	$10,239,271	$-331,345
2018	$2,853,608	$2,920,431	$10,680,523	$-66,823

MERCY PROPERTIES WASHINGTON II