WESLEYAN HOMES II OF TROY INC

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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

1992

Legal Domicile

Principal Officer

RICHARD HINSON

Phone

9105722218

Tax Period

2023-01-01 to 2023-12-31

WESLEYAN HOMES II OF TROY INC, founded in 1992, is a small nonprofit in the Human Services sector that reported $230K in total revenue in fiscal year 2023. The organization ran a surplus of $68K, a strong 30% operating margin.

Mission

TO PROVIDE HOUSING FOR INDIVIDUALS WITH LOW AND MODERATE INCOME.

Program Service Accomplishments

Program 1

Expenses: $154,467 Revenue: $104,213

TO OPERATE A 30-UNIT APARTMENT COMPLEX FOR LOW AND MODERATE INCOME INDIVIDUALS PURSUANT TO SECTION 515(B) OF THE NATIONAL HOUSING ACT OF 1949, AS AMENDED, WHICH PROVIDES FOR INTEREST AND RENT...

TO OPERATE A 30-UNIT APARTMENT COMPLEX FOR LOW AND MODERATE INCOME INDIVIDUALS PURSUANT TO SECTION 515(B) OF THE NATIONAL HOUSING ACT OF 1949, AS AMENDED, WHICH PROVIDES FOR INTEREST AND RENT SUBSIDIES. THE PROJECT IS LOCATED IN TROY, NORTH CAROLINA AND IS REGULATED BY USDA RURAL DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $122,604

Program Service Revenue $104,213

Investment Income $2,888

Other Revenue $0

TOTAL REVENUE $229,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $154,467

Other Expenses $161,307

TOTAL EXPENSES $161,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$229,705	$216,730	+0.1%
Expenses	$161,307	$128,923	+0.3%
Net Income	$68,398	$87,807	-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
RICHARD HINSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
AMY VUNCANNON	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC M ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY HAYNES	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD LINDSEY	DIRECTOR	1.00	Director	$0	$0	$0
SHARON PIGFORD	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	No data	No data	No data	No data
2023	$229,705	$161,307	$490,338	$68,398
2022	$216,730	$128,923	$465,471	$87,807
2021	$215,579	$171,754	$415,417	$43,825
2020	$204,990	$133,481	$411,700	$71,509
2019	$196,642	$185,870	$360,187	$10,772
2018	$194,650	$198,963	$386,514	$-4,313