MARATHON HOUSING ASSOCIATION INC

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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

1974

Legal Domicile

Principal Officer

JILL SCHULZ

Phone

6082582080

Tax Period

2023-01-01 to 2023-12-31

MARATHON HOUSING ASSOCIATION INC, founded in 1974, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE SAFE, HEALTHY, AND AFFORDABLE HOUSING FOR THOSE WHO ARE 62 YEARS AND OLDER OR DISABLED IN MARATHON COUNTY, WI AND SURROUNDING AREAS INCLUDING THE OPERATION OF 14 APARTMENT COMPLEXES.

Program Service Accomplishments

Program 1

Expenses: $1,524,440 Revenue: $1,098,168

TO MANAGE MARATHON COUNTY HOUSING REDEVELOPMENT - RD, LLC IN WHICH MARATHON HOUSING ASSOCIATION, INC. IS THE SOLE MEMBER.

Program 2

Expenses: $450,755 Revenue: $284,407

TO MANAGE MARATHON COUNTY HOUSING REDEVELOPMENT - HUD, LLC IN WHICH MARATHON HOUSING ASSOCIATION, INC. IS THE SOLE MEMBER.

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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 $0

Program Service Revenue $1,382,575

Investment Income $245,069

Other Revenue $0

TOTAL REVENUE $1,627,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,975,195

Other Expenses $1,975,764

TOTAL EXPENSES $1,975,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,627,644	$1,493,287	+0.1%
Expenses	$1,975,764	$1,814,302	+0.1%
Net Income	$-348,120	$-321,015	+0.1%

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
JILL SCHULZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD WIRKUS	VICE PRESIDENT & TREASURER	2.00	Officer Director	$0	$0	$0
KAY FRANK	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID TYLINSKI	DIRECTOR	2.00	Director	$0	$0	$0
JUDY TRAWICKI	DIRECTOR	2.00	Director	$0	$0	$0
PAUL UNTIET	DIRECTOR	2.00	Director	$0	$0	$0
DARLENE UNERTL	DIRECTOR	2.00	Director	$0	$0	$0
BECKY DAVIES	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$1,627,644	$1,975,764	$5,969,981	$-348,120
2022	$1,493,287	$1,814,302	$6,851,392	$-321,015
2021	$1,200,737	$1,610,194	$7,187,550	$-409,457
2020	$1,238,744	$1,604,934	$7,612,109	$-366,190
2019	$387,886	$390,640	$7,992,561	$-2,754
2018	$377,521	$396,517	$6,060,550	$-18,996