WORKFORCE HOUSING OF OKEECHOBEE INC (EIN 813438344) - 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

2014

Legal Domicile

Principal Officer

MICHAEL F CARR

Phone

3524584635

Tax Period

2024-01-01 to 2024-12-31

WORKFORCE HOUSING OF OKEECHOBEE INC, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $299K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $436K exceeded revenue, resulting in a 46% operating deficit.

Mission

CORPORATION'S PURPOSE IS TO FOSTER, CONSTRUCT AND OPERATE A LOW-INCOME HOUSING FACILITY LOCATED IN THE CITY OF MOORE HAVEN, FLORIDA UNDER THE HUD HOME PROGRAM OR OTHER GOVERNMENT FUNDING PROGRAMS UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF.

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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 $0

Program Service Revenue $298,869

Investment Income $462

Other Revenue $0

TOTAL REVENUE $299,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,474

Fundraising Expenses $0

Program Expenses $319,039

Other Expenses $381,254

TOTAL EXPENSES $435,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,331	$335,938	-0.1%
Expenses	$435,728	$416,341	+0.0%
Net Income	$-136,397	$-80,403	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE BRITTON	SECRETARY	N/A	Officer Director	$0	$0	$0
MICHAEL F CARR	PRESIDENT	N/A	Officer Director	$0	$0	$0
PENELOPE MORRILL	DIRECTOR	N/A	Director	$0	$0	$0
HAROLD R SAMPLE	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
PATRICIA THOMPSON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JOSEPH P WUBBENA	TREASURER	N/A	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	$299,331	$435,728	$4,691,718	$-136,397
2023	$335,938	$416,341	$4,770,207	$-80,403
2022	$301,538	$427,118	$4,914,642	$-125,580
2021	$351,034	$379,502	$5,012,974	$-28,468
2020	$247,842	$369,410	$5,054,423	$-121,568
2019	$225,945	$375,541	$5,289,288	$-149,596
2018	$137,378	$329,615	$5,413,661	$-192,237

WORKFORCE HOUSING OF OKEECHOBEE INC