O'CONNOR WOODS HOUSING CORPORATION (EIN 680201024) - 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

1988

Legal Domicile

Principal Officer

MARK ORNELLAS

Phone

2099563400

Tax Period

2024-01-01 to 2024-12-31

O'CONNOR WOODS HOUSING CORPORATION, founded in 1988, is a mid-sized nonprofit in the Human Services sector that reported $37.8M in total revenue in fiscal year 2024.

Mission

TO PROVIDE EXCEPTIONAL LIVING AND A NETWORK OF SERVICES FOR SENIORS IN OUR REGION TO SUPPORT AND INSPIRE THE HUMAN SPIRIT BY NURTURING WELL-BEING, INDEPENDENCE AND A SENSE OF COMMUNITY.

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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 $84,046

Program Service Revenue $34,936,175

Investment Income $2,692,637

Other Revenue $125,672

TOTAL REVENUE $37,838,530

Expense Breakdown

Grants Paid $68,600

Salaries & Benefits $18,952,302

Fundraising Expenses $83,660

Program Expenses $33,796,584

Other Expenses $20,469,000

TOTAL EXPENSES $39,489,902

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,838,530	$35,988,173	+0.1%
Expenses	$39,489,902	$39,886,398	0.0%
Net Income	$-1,651,372	$-3,898,225	-0.6%

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

535

Volunteers

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

$243,327

Total Directors

Key Employees

$178,133

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PENNY MALLETTE	EXECUTIVE DIRECTOR	40.00	Officer	$214,529	$28,798	$243,327
TAMMY NGUYEN - COORDINATOR	OF RESIDENT ASSESSMENT	40.00	Highest	$169,227	$11,509	$180,736
MICHELLE SMITH	SNF ADMINISTRATOR	40.00	Key Emp	$164,793	$13,340	$178,133
MARY ANN PIANA-CHAPMAN	SENIOR RESIDENTIAL LIVING ADVISOR	40.00	Highest	$136,716	$22,570	$159,286
LEAH ELEMEN	LICENSED VOCATIONAL NURSE	40.00	Highest	$118,193	$21,678	$139,871
SUSAN MACFARLANE	RESIDENTIAL LIVING ADVISOR	40.00	Highest	$138,907	$23	$138,930
ALISHA MERCER	IP QA NURSE LVN	40.00	Highest	$126,021	$9,690	$135,711
MARK ORNELLAS	CHAIR	1.00	Officer Director	$0	$0	$0
LOU MEYER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RUDY CROCE	TREASURER	1.00	Officer Director	$0	$0	$0
BROOKE MCCOLLOUGH	SECRETARY	1.00	Officer Director	$0	$0	$0
BETSY DONOVAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIN FLETCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
SISTER KATHERINE HAMILTON	BOARD MEMBER (THRU 11/24)	1.00	Director	$0	$0	$0
DALE NIEMI	BOARD MEMBER	1.00	Director	$0	$0	$0
JERILYN RATTO	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY SPAUGH	BOARD MEMBER (AS OF 11/24)	1.00	Director	$0	$0	$0
MARGARET STEPHENS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANITRA WILLIAMS	BOARD MEMBER	1.00	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
2024	$37,838,530	$39,489,902	$75,366,404	$-1,651,372
2023	$35,988,173	$39,886,398	$77,656,346	$-3,898,225
2022	$33,415,034	$38,401,365	$79,616,783	$-4,986,331
2021	$33,053,547	$35,081,256	$90,240,253	$-2,027,709
2020	$39,123,123	$34,453,943	$92,248,827	$4,669,180
2019	$33,940,198	$34,643,456	$87,271,861	$-703,258
2018	$34,149,391	$32,824,991	$83,470,943	$1,324,400

O'CONNOR WOODS HOUSING CORPORATION