Wenonah Park Properties Inc (EIN 383586976) - 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

2001

Legal Domicile

Principal Officer

Drew Steury

Phone

2486894110

Tax Period

2025-01-01 to 2025-12-31

Wenonah Park Properties Inc, founded in 2001, is a mid-sized nonprofit that reported $10.2M in total revenue in fiscal year 2025. Expenses of $11.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

To ensure the City of Bay City's redevelopment of a portion of downtown and the City's economic and commercial vitality by designing, constructing and operating a first class hotel and conference center

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,240,259

Investment Income $6,953

Other Revenue $0

TOTAL REVENUE $10,247,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,075,707

Other Expenses $11,432,343

TOTAL EXPENSES $11,432,343

Year-over-Year Comparison

	2025	2024	Change
Revenue	$10,247,212	$10,293,921	0.0%
Expenses	$11,432,343	$10,921,099	+0.0%
Net Income	$-1,185,131	$-627,178	+0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Norton	Chairperson	1.00	Officer Director	$0	$0	$0
David Klippert	President	1.00	Officer Director	$0	$0	$0
Barbra Engelhardt-Carter	Director	1.00	Director	$0	$0	$0
Andrew L Merl	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Robert Bellman	Director	1.00	Director	$0	$0	$0
Drew Steury	CFO	40.00	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
2025	$10,247,212	$11,432,343	$18,723,867	$-1,185,131
2024	No data	No data	No data	No data
2023	$9,472,599	$10,610,981	$19,880,216	$-1,138,382
2022	$9,377,648	$10,434,019	$20,753,486	$-1,056,371
2021	$7,079,713	$7,924,307	$22,411,152	$-844,594
2020	$4,260,527	$6,216,616	$21,548,438	$-1,956,089
2019	$7,852,277	$9,236,478	$21,873,879	$-1,384,201
2018	$8,068,972	$9,287,606	$21,017,516	$-1,218,634

Wenonah Park Properties Inc