Poplar Street Housing 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

DON G WELLONS

Phone

9108920436

Tax Period

2024-01-01 to 2024-12-31

Poplar Street Housing Inc, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $271K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $331K exceeded revenue, resulting in a 22% operating deficit.

Mission

Reduced rent housing for elderly and handicapped

Program Service Accomplishments

Program 1

Expenses: $260,944 Revenue: $271,215

Provide elderly and handicapped persons with reduced rent housing and services specially designed to meet their physical, social and psychological needs and to promote their health, security...

Provide elderly and handicapped persons with reduced rent housing and services specially designed to meet their physical, social and psychological needs and to promote their health, security, happiness and usefulness in longer living. 44 units provided

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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 $270,929

Investment Income $286

Other Revenue $0

TOTAL REVENUE $271,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,978

Fundraising Expenses $0

Program Expenses $260,944

Other Expenses $244,819

TOTAL EXPENSES $330,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,215	$246,696	+0.1%
Expenses	$330,797	$290,813	+0.1%
Net Income	$-59,582	$-44,117	+0.4%

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
Gene T Jernigan	Director	2.00	Director	$0	$0	$0
Andrea C Howard	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	$271,215	$330,797	$503,760	$-59,582
2023	$246,696	$290,813	$554,262	$-44,117
2022	$234,122	$264,108	$587,076	$-29,986
2021	$234,271	$290,104	$624,379	$-55,833
2020	$237,906	$299,602	$675,610	$-61,696
2019	$233,084	$292,663	$774,835	$-59,579
2018	$217,137	$284,683	$901,069	$-67,546