WELLSPRING TONINI APARTMENTS INC (EIN 452943885) - 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

2010

Legal Domicile

Principal Officer

KATHARINE DOBBINS

Phone

5026374631

Tax Period

2024-07-01 to 2025-06-30

WELLSPRING TONINI APARTMENTS INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $111K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $150K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR MEN AND WOMEN WITH MENTAL ILLNESS

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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 $109,535

Investment Income $39

Other Revenue $1,066

TOTAL REVENUE $110,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,884

Other Expenses $150,207

TOTAL EXPENSES $150,207

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,640	$95,184	+0.2%
Expenses	$150,207	$158,820	-0.1%
Net Income	$-39,567	$-63,636	-0.4%

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

$275,983

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK TRAWICK	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM FRIEL	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER HAIRGROVE	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS HARAGAN	DIRECTOR	0.50	Director	$0	$0	$0
KATHARINE DOBBINS	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$14,260	$149,873
JOHN ALEXANDER	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$6,257	$126,110

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	$110,640	$150,207	$1,833,568	$-39,567
2024	$95,184	$158,820	$1,858,329	$-63,636
2023	$83,396	$156,749	$1,922,782	$-73,353

WELLSPRING TONINI APARTMENTS INC