WATKINS AREA HOMES INC

EIN: 411247552

MANKATO, MN

Total Revenue
$102,994
Total Expenses
$109,124
Total Assets
$278,069
Net Assets
$265,562
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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
2005
Legal Domicile
MN
Principal Officer
DON SCHMITT
Phone
5073451290
Tax Period
2025-01-01 to 2025-12-31

WATKINS AREA HOMES INC, founded in 2005, is a small nonprofit that reported $103K in total revenue in fiscal year 2025. Net assets of $266K represent 31 months of operating reserves.

Mission

LOW INCOME HOUSING RENTAL

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $102,809
Investment Income $185
Other Revenue $0
TOTAL REVENUE $102,994

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $109,124
Other Expenses $109,124
TOTAL EXPENSES $109,124

Year-over-Year Comparison

2025 2024 Change
Revenue $102,994 $97,678 +0.1%
Expenses $109,124 $67,880 +0.6%
Net Income $-6,130 $29,798 -1.2%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL KINZER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID NEISEN BOARD MEMBER 1.00
Director
$0 $0 $0
DON SCHMITT PRESIDENT 1.00
Officer Director
$0 $0 $0
ARLIS KLEIN SECRETARY 1.00
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 $102,994 $109,124 $278,069 $-6,130
2024 $97,678 $67,880 $283,853 $29,798
2023 $80,177 $81,531 $253,983 $-1,354
2022 $77,156 $78,420 $255,549 $-1,264
2021 $78,829 $80,867 $257,755 $-2,038
2020 $87,736 $73,641 $260,240 $14,095
2019 $76,895 $68,616 $246,926 $8,279
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