WELLINGTON PARK CORPORATION (EIN 420981572) - 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

1968

Legal Domicile

Principal Officer

Fred Morris

Phone

3192306307

Tax Period

2024-06-01 to 2025-05-31

WELLINGTON PARK CORPORATION, founded in 1968, is a small nonprofit in the Housing & Shelter sector that reported $298K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $265K left a modest 11% surplus.

Mission

Wellington Park Apartments operates a 38-unit housing complex providing affordable housing to qualifying low/moderate-income 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 $0

Program Service Revenue $290,832

Investment Income $6,789

Other Revenue $0

TOTAL REVENUE $297,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $265,173

Other Expenses $265,173

TOTAL EXPENSES $265,173

Year-over-Year Comparison

	2024	2023	Change
Revenue	$297,621	$267,350	+0.1%
Expenses	$265,173	$275,132	0.0%
Net Income	$32,448	$-7,782	-5.2%

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
Cindy Trepp	Director	0.5	Director	$0	$0	$0
Jeff Jensen	Vice President	0.5	Director	$0	$0	$0
Fred Morris	President	1	Director	$0	$0	$0
Pat Muehl	President	0	Director	$0	$0	$0
Ted Gehrke	Treasurer	0.5	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	$297,621	$265,173	$1,484,302	$32,448
2024	$267,350	$275,132	$1,446,572	$-7,782

WELLINGTON PARK CORPORATION