WASHINGTON HOUSING NON-PROFIT INC (EIN 582320952) - 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

1997

Legal Domicile

Principal Officer

FRANKLIN SCOTT

Phone

2526442413

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON HOUSING NON-PROFIT INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $471K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 25% operating margin.

Mission

ORGANIZATIONS MISSION IS TO PROVIDE SAFE AND AFFORDABLE HOUSING FOR LOW-INCOME CITIZENS OF THE TOWN OF WASHINGTON, NORTH CAROLINA.

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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 $357,471

Program Service Revenue $109,430

Investment Income $3,746

Other Revenue $0

TOTAL REVENUE $470,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,701

Fundraising Expenses $0

Program Expenses $245,841

Other Expenses $314,883

TOTAL EXPENSES $353,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$470,647	$384,653	+0.2%
Expenses	$353,584	$281,010	+0.3%
Net Income	$117,063	$103,643	+0.1%

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
ALICE MILLS-SADLER	CHAIRPERSON	0.10	Officer Director	$0	$0	$0
GIL DAVIS	VICE-CHAIRPERSON	0.10	Officer Director	$0	$0	$0
JONEICE CARROLL	DIRECTOR	0.10	Director	$0	$0	$0
RUDY BURNS	DIRECTOR	0.10	Director	$0	$0	$0
DAWN SLANN	DIRECTOR	0.10	Director	$0	$0	$0
LORRAINE GORDON	DIRECTOR	0.10	Director	$0	$0	$0
BUTCH STRICKLAND	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL BEST	SECRETARY-TREASURER	5.00	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
2024	No data	No data	No data	No data
2023	$470,647	$353,584	$2,775,156	$117,063
2022	$384,653	$281,010	$2,472,982	$103,643
2021	$345,174	$307,423	$2,411,559	$37,751
2020	$349,409	$309,039	$2,412,405	$40,370
2019	$327,514	$292,021	$2,411,529	$35,493
2018	$315,704	$323,517	$2,412,353	$-7,813

WASHINGTON HOUSING NON-PROFIT INC