Springdale Housing Phase II Inc (EIN 561964932) - 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

1992

Legal Domicile

Principal Officer

DON G WELLONS

Phone

9108920436

Tax Period

2024-01-01 to 2024-12-31

Springdale Housing Phase II Inc, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $321K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $383K exceeded revenue, resulting in a 20% operating deficit.

Mission

Reduced Rent Housing for Elderly and Handicapped

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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 $320,631

Investment Income $90

Other Revenue $0

TOTAL REVENUE $320,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,103

Fundraising Expenses $0

Program Expenses $313,420

Other Expenses $294,192

TOTAL EXPENSES $383,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$320,721	$296,188	+0.1%
Expenses	$383,295	$357,314	+0.1%
Net Income	$-62,574	$-61,126	+0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Don G Wellons	Pres/Director	2.00	Director	$0	$0	$0
Leigh W Thompson	VP/Director	2.00	Director	$0	$0	$0
Kathy H Kennedy	Sec/Treas/Director	2.00	Director	$0	$0	$0
Lauren W White	Asst Sec/Director	2.00	Director	$0	$0	$0
Sylvia W Craft	Director	2.00	Director	$0	$0	$0
Andrea C Howard	Director	2.00	Director	$0	$0	$0
Gene T Jernigan	Director	2.00	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
2025	No data	No data	No data	No data
2024	$320,721	$383,295	$354,122	$-62,574
2023	$296,188	$357,314	$412,301	$-61,126
2022	$279,727	$374,364	$475,866	$-94,637
2021	$270,293	$349,105	$570,307	$-78,812
2020	$276,938	$325,301	$646,314	$-48,363
2019	$254,653	$334,735	$715,749	$-80,082
2018	$249,057	$331,757	$811,762	$-82,700

Springdale Housing Phase II Inc