PINE WOODS INC (EIN 591428802) - 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

1972

Legal Domicile

Principal Officer

KARL BARTELS

Phone

3052358269

Tax Period

2023-01-01 to 2023-12-31

PINE WOODS INC, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2023. Expenses of $3.5M left a modest 7% surplus.

Mission

TO PROVIDE LOW INCOME HOUSING

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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 $2,840,384

Program Service Revenue $953,887

Investment Income $354

Other Revenue $0

TOTAL REVENUE $3,794,625

Expense Breakdown

Grants Paid $91,290

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,356,688

Other Expenses $3,445,588

TOTAL EXPENSES $3,536,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,794,625	$3,610,540	+0.1%
Expenses	$3,536,878	$2,870,958	+0.2%
Net Income	$257,747	$739,582	-0.7%

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
ANDRE KIRBY	DIRECTOR	0.23	Director	$0	$0	$0
DAVID ROSE	DIRECTOR	0.23	Director	$0	$0	$0
JAMES LEGGETT	SECRETARY	0.23	Officer Director	$0	$0	$0
JOE KOCUIBA	DIRECTOR	0.23	Director	$0	$0	$0
KARL BARTELS	PRESIDENT	0.23	Officer Director	$0	$0	$0
LUIS M SANTANA	TREASURER	0.23	Officer Director	$0	$0	$0
PERRY LEE	VICE PRESIDENT	0.23	Officer Director	$0	$0	$0
ROBERT BUHL	DIRECTOR	0.23	Director	$0	$0	$0
SANDRA JONES	DIRECTOR	0.23	Director	$0	$0	$0
TROY GILDE	DIRECTOR	0.23	Director	$0	$0	$0
WILLIAM SIELK	DIRECTOR	0.23	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
2024	No data	No data	No data	No data
2023	$3,794,625	$3,536,878	$11,919,001	$257,747
2022	$3,610,540	$2,870,958	$11,584,651	$739,582
2021	$3,520,078	$2,622,687	$10,842,761	$897,391
2020	$3,424,615	$2,489,226	$9,945,305	$935,389
2019	$3,196,436	$2,471,577	$8,995,832	$724,859
2018	$2,891,682	$1,963,202	$8,278,430	$928,480

PINE WOODS INC