Wayne County Housing Inc (EIN 341399602) - 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

1983

Legal Domicile

Phone

3302642727

Tax Period

2024-04-01 to 2025-03-31

Wayne County Housing Inc, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $365K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

Housing for elderly and handicapped

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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 $0

Program Service Revenue $345,040

Investment Income $1,487

Other Revenue $18,826

TOTAL REVENUE $365,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,002

Fundraising Expenses $0

Program Expenses $282,181

Other Expenses $321,465

TOTAL EXPENSES $372,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$365,353	$393,041	-0.1%
Expenses	$372,467	$353,599	+0.1%
Net Income	$-7,114	$39,442	-1.2%

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
Katrina Jackson	President	N/A	Officer Director	$0	$0	$0
Martha Junkin	Vice-President	N/A	Officer Director	$0	$0	$0
Patty Phipps	Secretary	N/A	Officer Director	$0	$0	$0
Scott Morgan	Treasurer	N/A	Officer Director	$0	$0	$0
Ronald Leatherman	Trustee	N/A	Director	$0	$0	$0
Keith Chambers	Trustee	N/A	Director	$0	$0	$0
Tammy Hoffman	Trustee	N/A	Director	$0	$0	$0
Penelope Nolan	Trustee	N/A	Director	$0	$0	$0
Roger McConnell	Trustee	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	$365,353	$372,467	$477,740	$-7,114
2024	$393,041	$353,599	$563,056	$39,442
2023	$344,134	$345,311	$526,727	$-1,177
2022	$318,869	$343,401	$569,321	$-24,532
2021	$324,349	$323,307	$628,715	$1,042
2020	$322,992	$340,981	$683,580	$-17,989
2019	$314,224	$316,513	$746,944	$-2,289

Wayne County Housing Inc