HEDWIG HOUSE INC (EIN 930838324) - 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

1983

Legal Domicile

Principal Officer

GLEN CHOBAN

Phone

2627981224

Tax Period

2024-07-01 to 2025-06-30

HEDWIG HOUSE INC, founded in 1983, is a small nonprofit that reported $190K in total revenue in fiscal year 2024. Expenses of $248K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE HOUSING FOR LOW INCOME ELDERLY INDIVIDUALS.

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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 $185,225

Investment Income $1,193

Other Revenue $3,742

TOTAL REVENUE $190,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,598

Other Expenses $248,491

TOTAL EXPENSES $248,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,160	$176,743	+0.1%
Expenses	$248,491	$129,762	+0.9%
Net Income	$-58,331	$46,981	-2.2%

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
GLEN CHOBAN	PRESIDENT/DI	N/A	Officer Director	$0	$0	$0
RICARDO DIAZ	V.PRESIDENT/	N/A	Officer Director	$0	$0	$0
REV TIMOTHY KITZKE	DIRECTOR	N/A	Director	$0	$0	$0
RUSSELL MCMINN	TREASURER/DI	N/A	Officer Director	$0	$0	$0
JEROME NEARY	SECRETARY/DI	N/A	Officer Director	$0	$0	$0
MARIANNE RAYMONDS	DIRECTOR	N/A	Director	$0	$0	$0
JOHN YENTZ	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
2025	$190,160	$248,491	$758,278	$-58,331
2024	$176,743	$129,762	$151,346	$46,981
2023	$165,037	$132,025	$146,925	$33,012
2022	$159,709	$131,393	$154,307	$28,316
2021	$158,795	$128,087	$166,476	$30,708

HEDWIG HOUSE INC