OLDER AMERICAN HOUSING IN SPOTSWOOD INC (EIN 521809800) - 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

1995

Legal Domicile

Principal Officer

KEN VAN WAGENINGE

Phone

7327230008

Tax Period

2024-01-01 to 2024-12-31

OLDER AMERICAN HOUSING IN SPOTSWOOD INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024.

Mission

PROVIDE LOW RENTAL HOUSING FOR LOW INCOME ELIGIBLE SENIORS IN COMPLANCE WITH HUD CONTRACT 031-EE009.

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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 $1,562,265

Investment Income $16,598

Other Revenue $49,275

TOTAL REVENUE $1,628,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $637,198

Fundraising Expenses $0

Program Expenses $1,372,101

Other Expenses $1,078,241

TOTAL EXPENSES $1,715,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,628,138	$1,550,346	+0.1%
Expenses	$1,715,439	$1,895,151	-0.1%
Net Income	$-87,301	$-344,805	-0.7%

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

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

$302,821

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY CANO	TRUSTEE	5.00	Director	$0	$0	$0
LUKE KNOX	TRUSTEE	5.00	Director	$0	$0	$0
SHARON MILLER	TRUSTEE	5.00	Director	$0	$0	$0
DAVID SLIKER	TRUSTEE	5.00	Director	$0	$0	$0
CHARLES UHL	TRUSTEE	5.00	Director	$0	$0	$0
KATHY ROMERO	SECRETARY	5.00	Officer Director	$0	$0	$0
PETER SIANO	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
KEN VAN WAGENINGE	PRESIDENT	10.00	Officer Director	$0	$0	$0
LINDA SOLEY	ASSISTANT MANAGER	10.00	Officer	$0	$36,636	$213,910
JOSEPH WOODS	MANAGER	20.00	Officer	$54,460	$34,451	$88,911
WILLIAM SHEPSKO	BUILDING SUPERINTENDENT	35.00	Highest	$116,090	$14,066	$130,156
TAMI MCGEACHY	OCCUPANCY SPECIALIST	35.00	Highest	$108,645	$40,507	$149,152

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	$1,628,138	$1,715,439	$2,956,619	$-87,301
2023	$1,550,346	$1,895,151	$3,061,179	$-344,805
2022	$1,595,059	$1,684,206	$3,376,332	$-89,147
2021	$1,306,208	$1,460,252	$3,334,554	$-154,044
2020	$1,267,149	$1,396,344	$3,480,878	$-129,195

OLDER AMERICAN HOUSING IN SPOTSWOOD INC