WARSAW SENIOR CITIZENS HOUSING ASSOCIATION (EIN 431094265) - 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

1988

Legal Domicile

Principal Officer

JIM SCHNAKENBERG

Phone

4176244144

Tax Period

2024-01-01 to 2024-12-31

WARSAW SENIOR CITIZENS HOUSING ASSOCIATION, founded in 1988, is a small nonprofit that reported $439K in total revenue in fiscal year 2024. Expenses of $618K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW TO MODERATE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $381,583

Investment Income $49,592

Other Revenue $8,018

TOTAL REVENUE $439,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,610

Fundraising Expenses $0

Program Expenses $562,973

Other Expenses $552,737

TOTAL EXPENSES $618,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$439,193	$416,523	+0.1%
Expenses	$618,347	$384,732	+0.6%
Net Income	$-179,154	$31,791	-6.6%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK ALLCORN	SEC/TREASURE	1.00	Officer Director	$0	$0	$0
KELLI DALESKE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RICK DOUDRICK	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK LIMBACK	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM SCHNAKENBERG	PRESIDENT	1.00	Officer Director	$0	$0	$0
BARRY WHITE	BOARD MEMBER	1.00	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	$439,193	$618,347	$1,450,884	$-179,154
2023	$410,301	$559,407	$1,646,751	$-149,106
2022	$396,917	$420,204	$1,893,257	$-23,287
2021	$416,523	$384,732	$889,747	$31,791
2020	$398,973	$392,431	$928,736	$6,542
2019	$380,949	$401,906	$934,432	$-20,957
2018	$370,068	$372,399	$944,674	$-2,331

WARSAW SENIOR CITIZENS HOUSING ASSOCIATION