WHEDA FOUNDATION INC (EIN 391464540) - 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

1983

Legal Domicile

Principal Officer

ELMER MOORE

Phone

6082667884

Tax Period

2023-07-01 to 2024-06-30

WHEDA FOUNDATION INC, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $804K, a strong 32% operating margin.

Mission

The WHEDA Foundation Inc is responsible for receiving and administering housing grant funds on behalf of the Wisconsin Housing and Economic Development Authority. The WHEDA Foundation received $500,000 in fiscal 2024 to pay single family funding fees.

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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 $2,500,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,500,000

Expense Breakdown

Grants Paid $1,695,906

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,695,906

Other Expenses $0

TOTAL EXPENSES $1,695,906

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,500,000	$2,150,000	+0.2%
Expenses	$1,695,906	$2,000,000	-0.2%
Net Income	$804,094	$150,000	+4.4%

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
Elmer Moore	President/Director	0.25	Officer Director	$0	$0	$0
James M Langdon	Vice President/Director	0.25	Officer Director	$0	$0	$0
Sherry L Gerondale	Secretary/Treasurer/Director	0.25	Officer Director	$0	$0	$0
Mary Wright	Director	0.25	Director	$0	$0	$0
Melissa Baxter	Director	0.25	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
2025	No data	No data	No data	No data
2024	$2,500,000	$1,695,906	$3,758,188	$804,094
2023	$2,150,000	$2,000,000	$1,165,222	$150,000
2022	$1,000,000	$1,000,000	$1,008,723	No data
2021	$1,000,000	$1,000,000	$1,008,183	No data

WHEDA FOUNDATION INC