WNC MADISON COUNTY HOUSING CORP INC (EIN 581643763) - 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

1977

Legal Domicile

Principal Officer

BARBARA MOLONEY

Tax Period

2023-07-01 to 2024-06-30

WNC MADISON COUNTY HOUSING CORP INC, founded in 1977, is a small nonprofit that reported $500K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $453K left a modest 9% surplus.

Mission

CARING FOR DEVELOPMENTALLY DISABLED ADULTS INCLUDING TRAINING FOR LIVING SKILLS AND SOCIAL ADAPTATION IN SOCIAL AND CULTURAL AFFAIRS.

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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 $401,719

Program Service Revenue $92,158

Investment Income $6,591

Other Revenue $0

TOTAL REVENUE $500,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,389

Fundraising Expenses $0

Program Expenses $453,090

Other Expenses $120,701

TOTAL EXPENSES $453,090

Year-over-Year Comparison

	2023	2022	Change
Revenue	$500,468	$549,936	-0.1%
Expenses	$453,090	$423,164	+0.1%
Net Income	$47,378	$126,772	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY WHITE	BOARD MEMBER	1.00	Officer	$0	$0	$0
BARBARA MOLONEY	SECRETARY	1.00	Officer	$0	$0	$0
ISAAC LASSITER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
FREDDY NICHOLS	PRESIDENT	1.00	Officer	$0	$0	$0
GAIL DUFEK	EXECUTIVE DIRECTOR	40.00	Key Emp	$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	$500,468	$453,090	$690,498	$47,378
2023	$549,936	$423,164	$584,793	$126,772
2022	$401,650	$393,238	$455,460	$8,412
2021	$455,164	$373,133	$449,780	$82,031
2020	$333,712	$367,757	$411,112	$-34,045
2019	$354,722	$343,969	$398,049	$10,753

WNC MADISON COUNTY HOUSING CORP INC