WARE TERRACE INC (EIN 581521907) - 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

1986

Legal Domicile

Principal Officer

C BILLUPS

Phone

9122838778

Tax Period

2024-11-01 to 2025-10-31

WARE TERRACE INC, founded in 1986, is a small nonprofit that reported $306K in total revenue in fiscal year 2024. The organization ran a surplus of $49K, a strong 16% operating margin.

Mission

THE PURPOSE OF THIS ORGANIZATION WAS TO CONSTRUCT AND OPERATE AN APARTMENT COMPLEX OF 40 UNITS UNDER SECTION 8 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD.

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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 $294,687

Investment Income $11,609

Other Revenue $0

TOTAL REVENUE $306,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,889

Fundraising Expenses $0

Program Expenses $256,815

Other Expenses $244,926

TOTAL EXPENSES $256,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$306,296	$307,809	0.0%
Expenses	$256,815	$233,122	+0.1%
Net Income	$49,481	$74,687	-0.3%

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
C BILLUPS	PRESIDENT	2.00	Officer Director	$0	$0	$0
S BURDEN	SECRETARY	1.00	Officer Director	$0	$0	$0
RONALD PAULK	CFO	3.00	Officer	$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	$306,296	$256,815	$1,479,936	$49,481
2024	$307,809	$233,122	$1,514,195	$74,687
2023	$297,387	$227,649	$1,529,665	$69,738
2022	$314,856	$248,334	$1,540,069	$66,522
2021	$390,021	$268,712	$1,533,019	$121,309
2020	$416,143	$280,815	$1,468,272	$135,328
2019	$436,558	$287,380	$1,399,127	$149,178
2018	$369,669	$291,182	$1,298,148	$78,487

WARE TERRACE INC