ELMWOOD I INC (EIN 844021608) - 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

2002

Legal Domicile

Principal Officer

FRED SPANNAUS

Tax Period

2023-07-01 to 2024-06-30

ELMWOOD I INC, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $50K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $25K, a strong 50% operating margin.

Mission

OUR SOLE ACTIVITY IS OWNING AND OPERATING THE ELMWOOD ARMS APARTMENTS AS PERMANENT SUPPORTIVE HOUSING FOR HOMELESS INDIVIDUALS AND FAMILIES.

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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 $437

Program Service Revenue $49,061

Investment Income $494

Other Revenue $0

TOTAL REVENUE $49,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,860

Other Expenses $24,860

TOTAL EXPENSES $24,860

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,992	$61,696	-0.2%
Expenses	$24,860	$94,659	-0.7%
Net Income	$25,132	$-32,963	-1.8%

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

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
SUSAN GRIEVE	SECRETARY	1.00	Officer Director	$0	$0	$0
MALCOLM MOORE	DIRECTOR	1.00	Director	$0	$0	$0
FRED SPANNAUS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DARSONYA SWITZER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD VIRGIN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CINDY WENE	DIRECTOR	1.00	Director	$0	$0	$0
JEAN WOLLENBERG	TREASURER	1.00	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	$49,992	$24,860	$1,096,464	$25,132
2023	$61,696	$94,659	$1,071,969	$-32,963
2022	$41,563	$45,240	$1,109,070	$-3,677

ELMWOOD I INC