WORKFORCE HOUSING VENTURES INC (EIN 593333830) - 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

1995

Legal Domicile

Principal Officer

HAROLD R SAMPLE

Phone

3524584635

Tax Period

2024-07-01 to 2025-06-30

WORKFORCE HOUSING VENTURES INC, founded in 1995, is a micro nonprofit in the Housing & Shelter sector that reported $796 in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $25K exceeded revenue, resulting in a 3065% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE DECENT AFFORDABLE HOUSING FOR LOW INCOME FAMILIES THROUGH OPERATION OF RENTAL PROPERTIES.

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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 $0

Investment Income $0

Other Revenue $796

TOTAL REVENUE $796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,394

Other Expenses $25,190

TOTAL EXPENSES $25,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$796	$2,238	-0.6%
Expenses	$25,190	$35,465	-0.3%
Net Income	$-24,394	$-33,227	-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
KATHERINE BRITTON	SECRETARY	N/A	Officer Director	$0	$0	$0
MICHAEL F CARR	PRESIDENT	N/A	Officer Director	$0	$0	$0
PENELOPE MORRILL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
HAROLD R SAMPLE	EXECUTIVE DI	N/A	Director	$0	$0	$0
PATRICIA THOMPSON	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH WUBBENA	TREASURER	N/A	Officer 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	$796	$25,190	$3,118,497	$-24,394
2024	No data	No data	No data	No data
2023	$180	$76,265	$3,171,032	$-76,085
2022	$90,187	$14,834	$3,244,917	$75,353
2021	$80,003	$99,655	$3,169,564	$-19,652
2020	$14,313	$9,541	$3,189,216	$4,772
2019	$73,290	$32,312	$1,138,933	$40,978

WORKFORCE HOUSING VENTURES INC