WELCOME HOUSE INC (EIN 421633755) - 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

2005

Legal Domicile

Principal Officer

HELEN WHITE

Phone

7017510142

Tax Period

2024-01-01 to 2024-12-31

WELCOME HOUSE INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $187K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $179K left a modest 4% surplus.

Mission

THE ABILITY TO PROVIDE SHELTER AND PROPER LIVING CONDITIONS FOR HOMELESS FAMILIES AND PERSONS IN NEED.

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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 $184,920

Program Service Revenue $2,404

Investment Income $11

Other Revenue $0

TOTAL REVENUE $187,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,737

Fundraising Expenses $0

Program Expenses $92,096

Other Expenses $64,752

TOTAL EXPENSES $179,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$187,335	$133,145	+0.4%
Expenses	$179,489	$191,199	-0.1%
Net Income	$7,846	$-58,054	-1.1%

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

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

$50,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT MCCLOUD	Executive Dir.	40.00	Officer	$50,846	$0	$50,846
RAYMOND GREYBEAR	Vice President	2.00	Director	$0	$0	$0
HELEN WHITE	President	2.00	Officer Director	$0	$0	$0
ASHLEY WAGNER	Secretary	2.00	Officer Director	$0	$0	$0
JOSH LUGER	Director	2.00	Director	$0	$0	$0
MIKE BECK	Director	2.00	Director	$0	$0	$0
VAN VECHTEN CRANE	Director	2.00	Officer Director	$0	$0	$0
SHANE SPLONSKOWSKI	Treasurer	2.00	Officer Director	$0	$0	$0
DANIELLE SMITH	Director	2.00	Director	$0	$0	$0
SABRINA LUGER	Director	2.00	Director	$0	$0	$0
KEN HALL	Director	2.00	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
2024	$187,335	$179,489	$102,651	$7,846
2023	$133,145	$191,199	$85,796	$-58,054
2022	$221,903	$190,603	$147,172	$31,300
2021	$195,529	$186,103	$112,447	$9,426
2020	$206,408	$210,906	$105,796	$-4,498

WELCOME HOUSE INC