WOOD COURT APARTMENTS INC (EIN 391504506) - 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

Alan Rock

Phone

7153946617

Tax Period

2024-10-01 to 2025-09-30

WOOD COURT APARTMENTS INC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $202K in total revenue in fiscal year 2024. Expenses of $175K left a modest 14% surplus.

Mission

Subsidized housing for low income senior citizens, developmentally disabled, and mentally ill people.

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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 $110,059

Program Service Revenue $91,979

Investment Income $337

Other Revenue $0

TOTAL REVENUE $202,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,225

Fundraising Expenses $0

Program Expenses $140,142

Other Expenses $140,581

TOTAL EXPENSES $174,806

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,375	$188,893	+0.1%
Expenses	$174,806	$194,183	-0.1%
Net Income	$27,569	$-5,290	-6.2%

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
Michael Welch	Board President	1	Officer Director	$0	$0	$0
Dale Johnson	Board Vice President	1	Officer Director	$0	$0	$0
Jeffrey Urbaniak	Board Secretary/Treasurer	1	Officer Director	$0	$0	$0
Tracy Allen	Board Director	1	Director	$0	$0	$0
Sue Blank	Board Director	1	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	$202,375	$174,806	$234,623	$27,569
2024	$188,893	$194,183	$261,645	$-5,290
2023	$175,466	$203,167	$303,561	$-27,701
2022	$197,490	$192,444	$357,139	$5,046

WOOD COURT APARTMENTS INC