WMCH DEVELOPMENT CORPORATION

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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

DR JAMES SIELSKI

Phone

6029970013

Tax Period

2023-01-01 to 2023-12-31

WMCH DEVELOPMENT CORPORATION, founded in 1984, is a small nonprofit that reported $352K in total revenue in fiscal year 2023. Expenses of $313K left a modest 11% surplus.

Mission

TO PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR HEALTH, SECURITY, AND SOCIAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $258,965 Revenue: $350,894

THIS ORGANIZATION PROVIDED AFFORDABLE HOUSING TO ELDERLY AND PERSONS WITH DISABILITIES THROUGH THE OPERATION OF A 32-UNIT MULTIFAMILY HOUSING COMPLEX IN SPRINGERVILLE, ARIZONA. IN 2023, THIS...

THIS ORGANIZATION PROVIDED AFFORDABLE HOUSING TO ELDERLY AND PERSONS WITH DISABILITIES THROUGH THE OPERATION OF A 32-UNIT MULTIFAMILY HOUSING COMPLEX IN SPRINGERVILLE, ARIZONA. IN 2023, THIS ORGANIZATION PROVIDED DECENT AND SAFE HOUSING TO 36 RESIDENTS: 6% BETWEEN THE AGES 18-61 (NON-ELDERLY PEOPLE WITH DISABILITIES), 86% BETWEEN THE AGES 62-81, AND 8% BETWEEN THE AGES 82-93.IN 2023, THE SPRINGERVILLE/EAGER CHAMBER OF COMMERCE PROVIDED SEVERAL ON-SITE ACTIVITIES FOR THE RESIDENTS. ST MARY'S FOOD BANK DELIVERED FOOD BOXES TO RESIDENTS EACH MONTH AND RESIDENTS RECEIVED COMMODITIES EVERY TUESDAY. MANY OF THE RESIDENTS RECEIVED SERVICES AND CASE MANAGEMENT THROUGH NACOG (NORTHERN ARIZONA COUNCIL OF GOVERNMENTS) AND THE ROUND VALLEY SENIOR CENTER. RESIDENTS ALSO (CONT'D ON SCH O) ATTENDED ACTIVITIES, SUCH AS BINGO, AT THE SENIOR CENTER.

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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 $0

Program Service Revenue $350,894

Investment Income $761

Other Revenue $0

TOTAL REVENUE $351,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,274

Fundraising Expenses $0

Program Expenses $258,965

Other Expenses $209,774

TOTAL EXPENSES $313,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,655	$332,590	+0.1%
Expenses	$313,048	$317,006	0.0%
Net Income	$38,607	$15,584	+1.5%

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
MARY NEDROW	PRESIDENT (THRU 10/23)	0.75	Officer Director	$0	$0	$0
RICHARD AYRES	VICE PRESIDENT (THRU 9/23)	0.75	Officer Director	$0	$0	$0
JIM BROWN	TREASURER (THRU 10/23)	0.75	Officer Director	$0	$0	$0
TIM RASMUSSEN	SECRETARY (THRU 02/23)	0.75	Officer Director	$0	$0	$0
STEVEN M HOPKINS	DIRECTOR	0.75	Director	$0	$0	$0
PAUL DRAKE	DIRECTOR (THRU 11/23)	0.75	Director	$0	$0	$0
JOHN FREDERICKSEN	DIRECTOR (THRU 10/23)	0.75	Director	$0	$0	$0
TONY RAYKOVITZ	VICE PRESIDENT (FROM 9/23)	0.75	Officer Director	$0	$0	$0
DR JAMES SIELSKI - DIRECTOR	(FROM 4/23)/PRESIDENT (FROM 10/23)	0.75	Officer Director	$0	$0	$0
PAULA PENTECOST	SECRETARY (THRU 11/23)	0.75	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
2024	No data	No data	No data	No data
2023	$351,655	$313,048	$194,275	$38,607
2022	$332,590	$317,006	$218,702	$15,584
2021	$332,447	$301,936	$263,264	$30,511
2020	$320,395	$291,297	$277,611	$29,098
2019	$316,756	$297,689	$299,615	$19,067
2018	$298,488	$289,784	$331,046	$8,704