WATKINS AREA HOMES II CO SMR MANAGEMENT

EIN: 411391752 501(c)(3)

WATKINS, MN

Total Revenue
$258,012
Total Expenses
$233,664
Total Assets
$768,245
Net Assets
$-99,223
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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
MN
Principal Officer
DON SCHMIDT
Phone
5073451290
Tax Period
2023-07-01 to 2024-06-30

WATKINS AREA HOMES II CO SMR MANAGEMENT, founded in 1983, is a small nonprofit that reported $258K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $234K left a modest 9% surplus.

Mission

TO PROVIDE LOW-INCOME HOUSING TO THE ELDERLY AND LOW-INCOME INDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $257,987
Investment Income $25
Other Revenue $0
TOTAL REVENUE $258,012

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,035
Fundraising Expenses $0
Program Expenses $233,664
Other Expenses $197,629
TOTAL EXPENSES $233,664

Year-over-Year Comparison

2023 2022 Change
Revenue $258,012 $307,091 -0.2%
Expenses $233,664 $250,258 -0.1%
Net Income $24,348 $56,833 -0.6%
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
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON SCHMITT PRESIDENT 0.10
Officer Director
$0 $0 $0
RACHEL KINZER VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
DAVID NEISEN BOARD MEMBER 0.10
Director
$0 $0 $0
ARLIS KLEIN SECRETARY 0.10
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 $258,012 $233,664 $768,245 $24,348
2023 $307,091 $250,258 $791,525 $56,833
2022 $294,858 $225,685 $355,632 $69,173
2021 $307,715 $218,083 $376,621 $89,632
2019 $300,477 $244,541 $420,543 $55,936
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