OLDENBURG HOUSING COUNCIL INC DBA MEAD (EIN 310984862) - 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

1979

Legal Domicile

Principal Officer

MITCH WALTERS

Phone

3178344756

Tax Period

2025-01-01 to 2025-12-31

OLDENBURG HOUSING COUNCIL INC DBA MEAD, founded in 1979, is a small nonprofit in the Housing & Shelter sector that reported $168K in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $220K exceeded revenue, resulting in a 31% operating deficit.

Mission

MANAGE HOUSING FOR LOW INCOME ELDERLY

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $166,409

Investment Income $34

Other Revenue $1,857

TOTAL REVENUE $168,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,328

Fundraising Expenses $0

Program Expenses $188,700

Other Expenses $195,380

TOTAL EXPENSES $219,708

Year-over-Year Comparison

	2025	2024	Change
Revenue	$168,300	$144,001	+0.2%
Expenses	$219,708	$209,044	+0.1%
Net Income	$-51,408	$-65,043	-0.2%

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
MITCH WALTERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE WALTERS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHANIE WALTERS	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALD KING	BOARD 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	$168,300	$219,708	$929,162	$-51,408
2024	$144,001	$209,044	$984,882	$-65,043
2023	$123,102	$169,323	$1,047,813	$-46,221
2022	$-38,716	$75,998	$1,115,650	$-114,714
2021	$-51,855	$169,710	$1,183,646	$-221,565
2020	$-50,180	$168,633	$1,255,656	$-218,813
2019	$118,837	$175,168	$1,323,836	$-56,331
2018	$117,781	$181,809	$1,393,616	$-64,028

OLDENBURG HOUSING COUNCIL INC DBA MEAD