Whetstone Homes Corporation (EIN 520858257) - 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

1966

Legal Domicile

Principal Officer

Deborah Vermillion

Phone

3019480121

Tax Period

2024-01-01 to 2024-12-31

Whetstone Homes Corporation, founded in 1966, is a small nonprofit that reported $573K in total revenue in fiscal year 2024. Expenses of $666K exceeded revenue, resulting in a 16% operating deficit.

Mission

Maintenance of common property

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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 $507,792

Program Service Revenue $0

Investment Income $58,612

Other Revenue $6,428

TOTAL REVENUE $572,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $602,133

Other Expenses $665,542

TOTAL EXPENSES $665,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$572,832	$560,437	+0.0%
Expenses	$665,542	$308,913	+1.2%
Net Income	$-92,710	$251,524	-1.4%

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

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
Deborah Vermillion	President	N/A	Officer	$0	$0	$0
Katherine Webb	Vice-President	N/A	Officer	$0	$0	$0
Bryan Price	Treasurer/Secretary	N/A	Officer	$0	$0	$0
James Martin	Director	N/A	Director	$0	$0	$0
Jason Taylor	Director	N/A	Director	$0	$0	$0
Timothy Thompson	Director	N/A	Director	$0	$0	$0
Scott Crews	Director	N/A	Director	$0	$0	$0
Lori Perine	Director	N/A	Director	$0	$0	$0
Greg Davis	Director	N/A	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	$572,832	$665,542	$2,662,207	$-92,710
2023	$560,437	$308,913	$2,670,497	$251,524
2022	$542,266	$1,127,078	$2,464,483	$-584,812
2021	$550,145	$428,060	$2,931,608	$122,085
2020	$550,286	$253,040	$2,709,645	$297,246
2019	$511,399	$398,543	$2,332,117	$112,856
2018	$493,553	$311,778	$2,132,385	$181,775

Whetstone Homes Corporation