WABASH SENIOR CITIZENS HOUSING INC (EIN 351146851) - 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

1968

Legal Domicile

Phone

8122325083

Tax Period

2023-01-01 to 2023-12-31

WABASH SENIOR CITIZENS HOUSING INC, founded in 1968, is a small nonprofit that reported $105K in total revenue in fiscal year 2023. Net assets of $529K represent 61 months of operating reserves.

Mission

WABASH SENIOR CITIZENS HOUSING INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 25 UNIT COMMUNITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,250

Program Service Revenue $98,654

Investment Income $14

Other Revenue $4,807

TOTAL REVENUE $104,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,428

Other Expenses $103,170

TOTAL EXPENSES $103,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,725	$106,269	0.0%
Expenses	$103,170	$98,988	+0.0%
Net Income	$1,555	$7,281	-0.8%

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
GERALDINE VARNER	PRESIDENT	0.50	Officer Director	$0	$0	$0
DRU ADAMS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CLARK COWDEN	SECRETARY	0.50	Officer 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
2024	No data	No data	No data	No data
2023	$104,725	$103,170	$539,149	$1,555
2022	$106,269	$98,988	$559,144	$7,281
2021	$103,157	$100,871	$566,901	$2,286
2020	$96,822	$98,707	$582,828	$-1,885
2019	$98,894	$108,430	$597,644	$-9,536
2018	$96,318	$104,380	$616,171	$-8,062

WABASH SENIOR CITIZENS HOUSING INC