SENIOR HOUSING ASSOCIATION OF WHITE LAKE INC (EIN 382363132) - 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

1980

Legal Domicile

Principal Officer

BRIDGETTE ZAPPACOSTA

Phone

3138237700

Tax Period

2024-01-01 to 2024-12-31

SENIOR HOUSING ASSOCIATION OF WHITE LAKE INC, founded in 1980, is a small nonprofit that reported $471K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $100K, a strong 21% operating margin.

Mission

TO PROVIDE ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SPECIAL SERVICES.

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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 $40,272

Program Service Revenue $429,886

Investment Income $816

Other Revenue $0

TOTAL REVENUE $470,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,012

Fundraising Expenses $0

Program Expenses $194,105

Other Expenses $249,218

TOTAL EXPENSES $371,230

Year-over-Year Comparison

	2024	2023	Change
Revenue	$470,974	$408,211	+0.2%
Expenses	$371,230	$445,554	-0.2%
Net Income	$99,744	$-37,343	-3.7%

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

$900

Total Directors

$900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUS PARLING	DIRECTOR	0.30	Director	$0	$0	$0
DR JOSEF STACHOWICZ	DIRECTOR	0.30	Director	$0	$0	$0
LINDA SQUIRES	SECRETARY	0.40	Officer Director	$0	$0	$0
JANICE DOWLING	TREASURER	0.30	Officer Director	$900	$0	$900
ROBERT ACKERMAN	PRESIDENT	0.60	Officer Director	$0	$0	$0
BRIDGETTE ZAPPACOSTA	DIRECTOR OF FINANCE	1.00	Officer	$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	$470,974	$371,230	$369,781	$99,744
2023	$408,211	$445,554	$319,911	$-37,343
2022	$438,131	$410,597	$397,128	$27,534
2021	$428,639	$349,956	$429,477	$78,683
2020	$442,032	$345,837	$345,891	$96,195
2019	$417,725	$342,404	$305,644	$75,321
2018	$408,846	$361,056	$346,181	$47,790

SENIOR HOUSING ASSOCIATION OF WHITE LAKE INC