WOODS SENIOR LIVING CENTER INC (EIN 455215252) - 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

2012

Legal Domicile

Principal Officer

DARRELL BURNELL

Phone

3172932600

Tax Period

2024-01-01 to 2024-12-31

WOODS SENIOR LIVING CENTER INC, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $485K in total revenue in fiscal year 2024. Expenses of $720K exceeded revenue, resulting in a 49% operating deficit.

Mission

THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.

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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 $482,791

Investment Income $25

Other Revenue $1,840

TOTAL REVENUE $484,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $651,749

Other Expenses $720,250

TOTAL EXPENSES $720,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$484,656	$455,672	+0.1%
Expenses	$720,250	$653,304	+0.1%
Net Income	$-235,594	$-197,632	+0.2%

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
ERIC MULLIN	TREASURER	1.00	Officer Director	$0	$0	$0
KARATTA SWAN	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL BURNELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUANITA HAYES	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICE DUCKETT-BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA ALLEN	DIRECTOR	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	$484,656	$720,250	$4,501,037	$-235,594
2023	$455,672	$653,304	$4,725,639	$-197,632
2022	$409,533	$532,522	$5,033,229	$-122,989
2021	$377,752	$521,103	$5,144,325	$-143,351
2020	$356,079	$557,622	$5,287,700	$-201,543
2019	$448,165	$524,456	$5,421,461	$-76,291
2018	$303,970	$566,536	$5,613,286	$-262,566

WOODS SENIOR LIVING CENTER INC