Altman model (Z score) is one of the multivariate analysis-model which is useful to predict the company’s bankruptcy with the trusted accuracy level. This research is purposed to know the bankruptcy prediction and also the company’s monetary performance based on the discriminant analysis with the using of Altman Model. Sample of this research is all the wood companies which is listed in Bursa Efek Jakarta, those are PT. Barito Pacific Timber Group Tbk. , PT.Daya Sakti Unggul Corporation Tbk. , PT.Surya Dumai Industri Tbk. , PT.Sumalindo Lestari Jaya Tbk. , PT. Tirta Mahakam Plywood Industri Tbk. The choosing of the population is done by saturation sampling because all the population is the sample. Research data which is collected is secondary data in the period of 2003-2006. While the source of this research data is collected from the company financial reporting in Indonesian Capital Market Directory (ICMD). Data analysistechnique which we use is discriminant analysis Altman Model which well known as Z score prediction model. The result of this research shows that all the companies are in the bankcrupt position with the different bankruptcy level. Based on the analysis, the company which has the worst bankruptcy level is PT. Surya Dumai Industri, while the company which has the fewest bankruptcy level is PT. Tirta Mahakam Plywood Industri Tbk. The good company’s financial condition shows the good monetary performance. On the other hand, the bad financial condition shows the bad monetary performance. The most dominant factor which influence the value of Z-score is EBIT, sales, and company’s debt book-value.