WHITESIDE COUNTY DWELLINGS UPGRADE (EIN 363806136) - 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

Principal Officer

MICHAEL STERBA

Phone

8156250581

Tax Period

2024-01-01 to 2024-12-31

WHITESIDE COUNTY DWELLINGS UPGRADE, founded in 1968, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 29% operating deficit.

Mission

THE WHITESIDE COUNTY DWELLINGS UPGRADE ASSOCIATION (WCDUA) ASSISTS IN PROVIDING AND MAINTAINING SAFE AFFORDABLE HOUSING FOR LOW AND MIDDLE-INCOME FAMILIES. SUCH PROJECTS INCLUDE THE FOLLOWING: CEDAR WOODS, STER-LYNN, ROCK FALLS ELDERLY LIVING CENTER AND TWO LOCAL HOUSES. WCDUA HAS ALSO HELPED GET THE FOLLOWING PROJECTS STARTED: CROWNE HILL, WHISPERING WINDS, AND GREEN VIEW APARTMENT COMPLEXES

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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 $960,832

Investment Income $31,785

Other Revenue $39,975

TOTAL REVENUE $1,032,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,286

Fundraising Expenses $0

Program Expenses $949,410

Other Expenses $1,206,506

TOTAL EXPENSES $1,335,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,032,592	$1,517,055	-0.3%
Expenses	$1,335,792	$1,153,801	+0.2%
Net Income	$-303,200	$363,254	-1.8%

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

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
JENNIFER MCCLEARY	EXECUTIVE DI	1.00	Officer	$0	$0	$0
MICHAEL STERBA	CHAIRMAN	N/A	Officer Director	$0	$0	$0
KATHY FREDERICK	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
JIM HOLLAWAY	COMMISSIONER	N/A	Director	$0	$0	$0
TIMOTHY MCCASLIN	COMMISSIONER	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
2024	$1,032,592	$1,335,792	$5,071,250	$-303,200
2023	$1,517,055	$1,153,801	$6,043,226	$363,254
2022	$889,232	$953,051	$5,802,903	$-63,819
2021	$944,105	$921,246	$5,987,777	$22,859
2020	$819,065	$788,856	$6,078,122	$30,209
2019	$735,704	$726,278	$5,449,245	$9,426
2018	$763,064	$715,676	$5,587,992	$47,388

WHITESIDE COUNTY DWELLINGS UPGRADE