NWC CORPORATION HUD 2 INC (EIN 341822065) - 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

1996

Legal Domicile

Principal Officer

STEVEN J BOONE

Phone

6149422020

Tax Period

2022-07-01 to 2023-06-30

NWC CORPORATION HUD 2 INC, founded in 1996, is a micro nonprofit in the Housing & Shelter sector that reported $86K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $107K exceeded revenue, resulting in a 24% operating deficit.

Mission

HOUSING FACILITIES & SERVICES FOR DISABLED 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 (2022)

Revenue Breakdown

Contributions & Grants $50,282

Program Service Revenue $34,260

Investment Income $714

Other Revenue $943

TOTAL REVENUE $86,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,847

Other Expenses $107,178

TOTAL EXPENSES $107,178

Year-over-Year Comparison

	2022	2021	Change
Revenue	$86,199	$94,084	-0.1%
Expenses	$107,178	$119,562	-0.1%
Net Income	$-20,979	$-25,478	-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

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

$134,500

Total Directors

$169,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN J BOONE	PRESIDENT	1.00	Officer Director	$0	$0	$100,000
WILLIAM A HARVEY	V. PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE GUTHRIE	SECRETARY	1.00	Officer Director	$0	$0	$34,500
CARLISA SALTSMAN	BOARD MEMBER	1.00	Director	$0	$0	$34,500
TIMOTHY HASTREITER	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$86,199	$107,178	$420,778	$-20,979
2022	$94,084	$119,562	$436,992	$-25,478
2021	$96,571	$93,454	$435,861	$3,117
2020	$95,273	$103,498	$432,171	$-8,225
2019	$96,329	$103,989	$439,599	$-7,660
2018	$96,571	$105,887	$447,430	$-9,316

NWC CORPORATION HUD 2 INC