WASHINGTON COURT INC (EIN 020493499) - 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

1998

Legal Domicile

Principal Officer

CASSIE CROSBY

Phone

6032251767

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON COURT INC, founded in 1998, is a micro nonprofit in the Housing & Shelter sector that reported $76K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $129K exceeded revenue, resulting in a 71% operating deficit.

Mission

TO PROVIDE DECENT, SAFE, AFFORDABLE HOUSING WITH SUPPORT TO MEMBERS OF OUR COMMUNITY WHO LIVE WITH MENTAL ILLNESS.

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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 $49,197

Program Service Revenue $22,609

Investment Income $459

Other Revenue $3,259

TOTAL REVENUE $75,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,982

Fundraising Expenses $0

Program Expenses $119,671

Other Expenses $103,850

TOTAL EXPENSES $128,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,524	$80,420	-0.1%
Expenses	$128,832	$114,558	+0.1%
Net Income	$-53,308	$-34,138	+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

$95,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAGE CANNON	TRUSTEE	0.10	Director	$0	$0	$0
CASSIE CROSBY	PRESIDENT/VICE-PRESIDENT	0.10	Officer Director	$0	$0	$0
ROBIN MILNES	TRUSTEE	0.10	Director	$0	$0	$0
JOHN B MARTIN ESQ	PRESIDENT	0.10	Officer Director	$0	$0	$0
TODD WATSON	SECRETARY/TRUSTEE	0.10	Officer Director	$0	$0	$0
ISAAC DAVIS	VICE-PRESIDENT/SECRETARY	0.10	Officer Director	$0	$0	$0
PHIL D'ACUNTO JR	TREASURER	0.10	Officer Director	$0	$0	$0
PAULA MATTIS	TRUSTEE	0.10	Director	$0	$0	$0
DR KEVIN GROUT	TRUSTEE	0.10	Director	$0	$0	$0
CASEY DESTEFANO	TRUSTEE	0.10	Director	$0	$0	$0
JULIA HAWTHORN	TRUSTEE	0.10	Director	$0	$0	$0
DAN HARTFORD	TRUSTEE	0.10	Director	$0	$0	$0
EMILY MARSH	TRUSTEE	0.10	Director	$0	$0	$0
HERBERT CARPENTER	EXECUTIVE DIRECTOR	0.60	Officer	$0	$1,242	$95,040

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	$75,524	$128,832	$501,234	$-53,308
2024	$80,420	$114,558	$516,444	$-34,138
2023	$91,863	$88,438	$573,442	$3,425
2022	$86,414	$69,068	$553,897	$17,346
2021	$88,070	$89,559	$540,427	$-1,489
2020	$80,571	$90,560	$547,104	$-9,989
2019	$88,934	$85,748	$555,230	$3,186

WASHINGTON COURT INC