WYOMING HOUSING NETWORK INC

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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

2004

Legal Domicile

Principal Officer

MELISSA NOAH

Phone

3074725843

Tax Period

2023-10-01 to 2024-09-30

WYOMING HOUSING NETWORK INC, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

TO EDUCATE HOMEBUYERS AND HOMEOWNERS AND WORK WITH PARTNERS TO CREATE AND PRESERVE AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $1,483,751 Revenue: $1,302,908

AFFORDABLE HOUSING PROGRAM: WHN HAS 433 UNITS WHICH PROVIDE AFFORDABLE HOUSING TO THE RESIDENTS OF CASPER, CODY, RIVERTON, TORRINGTON, POWELL, WHEATLAND, CHEYENNE, AND GUERNSEY, WYOMING. WHN...

AFFORDABLE HOUSING PROGRAM: WHN HAS 433 UNITS WHICH PROVIDE AFFORDABLE HOUSING TO THE RESIDENTS OF CASPER, CODY, RIVERTON, TORRINGTON, POWELL, WHEATLAND, CHEYENNE, AND GUERNSEY, WYOMING. WHN DEVELOPMENT OWNS AND MANAGES VARIOUS HOUSING CORPORATIONS THAT ASSIST IN DEVELOPING, CONSTRUCTING AND OPERATING HOUSING FACILITIES THROUGH LIMITED PARTNERSHIPS IN WHICH THE HOUSING CORPORATIONS ACT AS A MINORITY INTEREST GENERAL PARTNER. THE ORGANIZATION PROVIDES FINANCING TO SUPPORT WHN DEVELOPMENT'S ACTIVITIES ASSOCIATED WITH THE FOLLOWING LIMITED PARTNERSHIPS: OREGON TRAIL, LLC, ROCK CREEK APARTMENTS, LLC, WOLF CREEK APARTMENTS LP, CEDAR MOUNTAIN APARTMENTS, LLC, COPPER MOUNTAIN APARTMENTS LP, POWELL COURT APARTMENTS LLC, IRONWOOD APARTMENTS LLC, JUNIPER RIDGE APARTMENTS LLC, CROW CREEK APARTMENTS LLC, HAWK'S POINT LLC, HIGH PLAINS, LLC, AND ROBIN'S POINT LLC. THE ORGANIZATION IS THE OWNER OF SPRING HILL APARTMENTS AND ESTERBROOK APARTMENTS, WHICH ALSO PROVIDE AFFORDABLE HOUSING,

Program 2

Expenses: $401,835

EDUCATION: DURING THE FISCAL YEAR, WHN EDUCATED 866 HOMEBUYERS; COUNSELED 814 HOMEBUYERS, AND CREATED 1003 HOMEOWNERS.

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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 $1,006,978

Program Service Revenue $1,207,262

Investment Income $173,175

Other Revenue $11,277

TOTAL REVENUE $2,398,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,123,847

Fundraising Expenses $0

Program Expenses $1,885,586

Other Expenses $1,362,603

TOTAL EXPENSES $2,486,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,398,692	$1,835,853	+0.3%
Expenses	$2,486,450	$2,371,299	+0.0%
Net Income	$-87,758	$-535,446	-0.8%

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

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

$132,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE HEIMBUCK	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MIKE LOUGEE	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
TESS MITTELSTADT	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINE DIETERICH	TREASURER	1.00	Officer Director	$0	$0	$0
MELISSA NOAH	EXECUTIVE DIRECTOR	40.00	Officer	$132,000	$0	$132,000
JOSHUA KEEFE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM METZLER	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA DUTY	DIRECTOR	1.00	Director	$0	$0	$0
JULIE CONDELARIO	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
TAMRA IVANOFF	DIRECTOR	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	$2,398,692	$2,486,450	$21,682,142	$-87,758
2023	$1,835,853	$2,371,299	$19,389,468	$-535,446
2022	$2,282,532	$2,440,381	$16,807,217	$-157,849
2021	$2,919,478	$2,331,101	$15,520,089	$588,377
2020	$2,612,874	$3,946,568	$13,400,925	$-1,333,694
2019	$2,322,180	$2,092,613	$12,680,240	$229,567
2018	$2,004,979	$2,246,166	$12,636,017	$-241,187