WASHINGTON MANUFACTURED HOUSING ASSOCIATION

EIN: 910935278

OLYMPIA, WA

Total Revenue
$514,650
Total Expenses
$397,959
Total Assets
$1,417,592
Net Assets
$1,413,975
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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
1975
Legal Domicile
WA
Principal Officer
LANCE CLARK
Phone
3603575650
Tax Period
2024-01-01 to 2024-12-31

WASHINGTON MANUFACTURED HOUSING ASSOCIATION, founded in 1975, is a small nonprofit that reported $515K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 23% operating margin.

Mission

SERVING TO IMPROVE PUBLIC AWARENESS AND OPINION OF MANUFACTURED HOMES.

Program Service Accomplishments

Program 1

WASHINGTON MANUFACTURED HOUSING ASSOCIATION (WMHA) PROVIDES ADVOCACY, EDUCATION AND MARKETING FOR THE WMHA MEMBERSHIP AND PROMOTES ATTAINABLE HOUSING SOLUTIONS (HUD MANUFACTURED HOMES) FOR WASHINGTON...

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WASHINGTON MANUFACTURED HOUSING ASSOCIATION (WMHA) PROVIDES ADVOCACY, EDUCATION AND MARKETING FOR THE WMHA MEMBERSHIP AND PROMOTES ATTAINABLE HOUSING SOLUTIONS (HUD MANUFACTURED HOMES) FOR WASHINGTON STATE FAMILIES SEEKING HOME OWNERSHIP.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,910
Program Service Revenue $485,625
Investment Income $33,640
Other Revenue $-15,525
TOTAL REVENUE $514,650

Expense Breakdown

Grants Paid $41,250
Salaries & Benefits $216,176
Fundraising Expenses $0
Other Expenses $140,533
TOTAL EXPENSES $397,959

Year-over-Year Comparison

2024 2023 Change
Revenue $514,650 $418,273 +0.2%
Expenses $397,959 $362,116 +0.1%
Net Income $116,691 $56,157 +1.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
3
Volunteers
10

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
4
$107,374
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LANCE CLARK EXECUTIVE DI 40.00
Officer
$107,374 $0 $107,374
AISHA CARVER BOARD MEMBER 0.50
Director
$0 $0 $0
CALVIN DAHL SECRETARY/TR 0.50
Officer Director
$0 $0 $0
DEL DETRAY VICE PRESIDE 0.50
Officer Director
$0 $0 $0
PAT FAES PRESIDENT 0.50
Officer Director
$0 $0 $0
LOGAN HAMMON BOARD MEMBER 0.50
Director
$0 $0 $0
KEVIN MCSHANE BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID PEARSON BOARD MEMBER 0.50
Director
$0 $0 $0
TIM SCHWEITZER BOARD MEMBER 0.50
Director
$0 $0 $0
JENNIFER SMITH BOARD MEMBER 0.50
Director
$0 $0 $0
KATHY WENDELL BOARD MEMBER 0.50
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 $514,650 $397,959 $1,417,592 $116,691
2023 $418,273 $362,116 $1,262,339 $56,157
2022 $531,920 $627,303 $380,424 $-95,383
2021 $486,351 $548,741 $477,372 $-62,390
2020 $426,399 $441,444 $539,769 $-15,045
2019 $455,526 $515,599 $552,409 $-60,073
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