WINGO ELDERLY HOUSING CORPORATION (EIN 611360814) - 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

2000

Legal Domicile

Principal Officer

AMY HOBBS

Phone

2702476391

Tax Period

2023-01-01 to 2023-12-31

WINGO ELDERLY HOUSING CORPORATION, founded in 2000, is a micro nonprofit in the Housing & Shelter sector that reported $74K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $96K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY AND DISABLED.

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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 $33,355

Program Service Revenue $40,125

Investment Income $18

Other Revenue $904

TOTAL REVENUE $74,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,470

Other Expenses $95,643

TOTAL EXPENSES $95,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,402	$80,939	-0.1%
Expenses	$95,643	$101,289	-0.1%
Net Income	$-21,241	$-20,350	+0.0%

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
MARK SPILLMAN	CHAIRMAN	0.50	Officer Director	$0	$0	$0
STEPHEN TUCKER	DIRECTOR	0.25	Director	$0	$0	$0
SHIRLEY GOSSUM	DIRECTOR	0.25	Director	$0	$0	$0
SHAE COPELAND	DIRECTOR	0.25	Director	$0	$0	$0
LISA BUNCH	SECRETARY	0.25	Officer Director	$0	$0	$0
RENE BARD	DIRECTOR	0.25	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	$74,402	$95,643	$376,164	$-21,241
2022	$80,939	$101,289	$394,586	$-20,350
2021	$72,706	$83,502	$414,145	$-10,796
2020	$67,422	$92,223	$426,240	$-24,801
2019	$82,858	$99,910	$449,930	$-17,052
2018	$28,777	$45,109	$468,922	$-16,332

WINGO ELDERLY HOUSING CORPORATION