Westover Metropolitan Development Corp (EIN 042553520) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

Andy Widor

Phone

4135936421

Tax Period

2023-01-01 to 2023-12-31

Westover Metropolitan Development Corp, founded in 1974, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Expenses of $2.5M left a modest 7% surplus.

Mission

Aid private enterprise in the conversion and redevelopment of lands formerly used at Westover Air Force Base to nonmilitary use in order to reduce unemployment and economic blight.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $646,147

Program Service Revenue $1,640,898

Investment Income $79,931

Other Revenue $335,080

TOTAL REVENUE $2,702,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,351,111

Other Expenses $2,520,522

TOTAL EXPENSES $2,520,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,702,056	$2,539,078	+0.1%
Expenses	$2,520,522	$2,717,530	-0.1%
Net Income	$181,534	$-178,452	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$273,128

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Bolton Left Aug 2023	CEO	40.00	Officer	$142,696	$0	$142,696
Andy Widor	CEO	40.00	Officer	$130,432	$0	$130,432
John J Liberia Jr	Chairman	2.00	Officer Director	$0	$0	$0
Luke Kettles	Treasurer	3.00	Officer Director	$0	$0	$0
Patrick Egan	Director	0.50	Director	$0	$0	$0
Jim Hosey	Director	0.50	Director	$0	$0	$0
Marie Laflamme	Director	0.50	Director	$0	$0	$0
Ed Czepiel	Director	1.00	Director	$0	$0	$0
Kim Downing	Vice Chair	0.50	Director	$0	$0	$0
Bud Shuback	Secretary	0.50	Officer Director	$0	$0	$0
Derek Debarge	Director	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	No data	No data	No data	No data
2023	$2,702,056	$2,520,522	$19,033,308	$181,534
2022	$2,539,078	$2,717,530	$19,443,410	$-178,452
2021	$2,810,014	$2,374,119	$18,341,408	$435,895
2020	$3,490,102	$2,163,585	$18,297,074	$1,326,517
2019	$3,033,245	$2,354,427	$16,336,050	$678,818
2018	$2,696,911	$2,005,476	$15,168,292	$691,435

Westover Metropolitan Development Corp