WEST CARROLL ELDERLY HOUSING INC (EIN 721014869) - 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

1984

Legal Domicile

Principal Officer

BRENDA HAGAN

Phone

3184283073

Tax Period

2023-07-01 to 2024-06-30

WEST CARROLL ELDERLY HOUSING INC, founded in 1984, is a small nonprofit that reported $513K in total revenue in fiscal year 2023. Expenses of $482K left a modest 6% surplus.

Mission

THE PROJECT IS A 54-UNIT APARTMENT COMPLEX LOCATED IN OAK GROVE, LOUISIANA. THE PROJECT IS OPERATED UNDER SECTION 202/SECTION 8 OF THE NATIONAL HOUSING ACT TO PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY.

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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 $352,931

Program Service Revenue $159,729

Investment Income $500

Other Revenue $0

TOTAL REVENUE $513,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,664

Fundraising Expenses $0

Program Expenses $359,807

Other Expenses $361,537

TOTAL EXPENSES $482,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$513,160	$518,494	0.0%
Expenses	$482,201	$476,110	+0.0%
Net Income	$30,959	$42,384	-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

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
ELLEN COLLINS	BOARD MEMBER	N/A	Director	$0	$0	$0
BRENDA HAGAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
TROY HENDRIX	BOARD MEMBER	N/A	Director	$0	$0	$0
RUTH HORTON	BOARD MEMBER	N/A	Director	$0	$0	$0
ALBERT HOWARD	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
THERESA SAMMONS	SECRETARY/ T	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	No data	No data	No data	No data
2024	$513,160	$482,201	$1,008,429	$30,959
2023	$518,494	$476,110	$1,017,452	$42,384
2022	$467,951	$447,011	$1,019,977	$20,940
2021	$465,529	$437,259	$1,000,732	$28,270
2020	$440,311	$390,712	$1,001,362	$49,599
2019	$432,746	$415,231	$993,469	$17,515

WEST CARROLL ELDERLY HOUSING INC