ISLAND WORKFORCE HOUSING (EIN 833534060) - 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

2019

Legal Domicile

Principal Officer

Peter Roth

Tax Period

2023-01-01 to 2023-12-31

ISLAND WORKFORCE HOUSING, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $186K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $71K, a strong 38% operating margin.

Mission

Create housing solutions in Deer Isle and Stonington that are permanently affordable to individuals and families working in these communities.

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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 $147,904

Program Service Revenue $0

Investment Income $83

Other Revenue $37,650

TOTAL REVENUE $185,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,860

Other Expenses $114,860

TOTAL EXPENSES $114,860

Year-over-Year Comparison

	2023	2022	Change
Revenue	$185,637	$197,763	-0.1%
Expenses	$114,860	$29,284	+2.9%
Net Income	$70,777	$168,479	-0.6%

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

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
Peter Roth	Treasurer	N/A	Officer Director	$0	$0	$0
Ciona Ulbrich	Director	N/A	Director	$0	$0	$0
Samuel Harrington	Director	N/A	Director	$0	$0	$0
Susan Buxton	Chair	N/A	Officer Director	$0	$0	$0
William Anderson	Director	N/A	Director	$0	$0	$0
Maggie Kirsch	Director	N/A	Officer Director	$0	$0	$0
Linda Campbell	Vice Chair	N/A	Officer Director	$0	$0	$0
Megan Dewey-Wood	Director	N/A	Director	$0	$0	$0
Roger Block	Director	N/A	Director	$0	$0	$0
Caitlin O'Keeffe	Director	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	No data	No data	No data	No data
2023	$185,637	$114,860	$2,649,937	$70,777
2022	$197,763	$29,284	$1,687,995	$168,479
2021	$670,544	$14,195	$1,462,258	$656,349
2020	$739,943	$8,005	$805,909	$731,938

ISLAND WORKFORCE HOUSING