WHITE RIVER REGIONAL HOUSING DEVELOPMENT CORPORATI (EIN 710502737) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Tax Period

2020-07-01 to 2021-06-30

WHITE RIVER REGIONAL HOUSING DEVELOPMENT CORPORATION, founded in 1977, is a micro nonprofit that reported $21K in total revenue in fiscal year 2018. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $189K exceeded revenue, resulting in a 779% operating deficit.

Mission

THE ORGANIZATION DEVELOPS MULTIFAMILY HOUSING PROJECTS FOR LOW-INCOME RESIDENTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $7,523

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,925

Fundraising Expenses $0

Program Expenses $7,401

Other Expenses $15,607

TOTAL EXPENSES $195,532

Year-over-Year Comparison

	2020	2019	Change
Revenue	$7,523	$19,435	-0.6%
Expenses	$195,532	$198,777	0.0%
Net Income	$-188,009	$-179,342	+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

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

$171,828

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DENNIS WILES	EXECUTIVE DIRECTOR	Officer	$88,414	$0	$88,414
DARLENE WILSON	ASSISTANT DIRECTOR	Officer	$83,414	$0	$83,414
MARTY GOODWIN	PAST PRESIDENT	Director	$0	$0	$0
MIKE CONE	DIRECTOR	Director	$0	$0	$0
CURREN EVERETT	DIRECTOR	Director	$0	$0	$0
GARRY LAWRENCE	PRESIDENT	Officer	$0	$0	$0
NEIL WILKINS	VICE PRESIDENT	Officer	$0	$0	$0
LARRY GOODWIN	SEC-TREAS	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
2021	$7,523	$195,532	$110,836	$-188,009
2020	$19,435	$198,777	$298,025	$-179,342
2019	$21,464	$188,646	$480,237	$-167,182

WHITE RIVER REGIONAL HOUSING DEVELOPMENT CORPORATI