WASHINGTON SQUARE SERVICES CORPORATION (EIN 050457525) - 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

1991

Legal Domicile

Principal Officer

JAMIE LEHANE III

Phone

4018465114

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON SQUARE SERVICES CORPORATION, founded in 1991, is a small nonprofit that reported $696K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $802K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE EMPLOYMENT, TRAINING AND HOUSING OPPORTUNITIES FOR LOW INCOME RESIDENTS

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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 $296,254

Program Service Revenue $398,534

Investment Income $948

Other Revenue $0

TOTAL REVENUE $695,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $592,182

Fundraising Expenses $0

Program Expenses $788,129

Other Expenses $209,947

TOTAL EXPENSES $802,129

Year-over-Year Comparison

	2024	2023	Change
Revenue	$695,736	$776,337	-0.1%
Expenses	$802,129	$839,495	0.0%
Net Income	$-106,393	$-63,158	+0.7%

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

N/A

Employees

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	Role	Reportable Comp	Other Comp	Total
ROBERT SABEL	Treasurer	Officer Director	$0	$0	$0
STEPHEN OSTIGUY	Director	Director	$0	$0	$0
JAMIE LEHANE III	President	Officer Director	$0	$0	$0
DEBORAH JOHNSTON	Secretary	Officer Director	$0	$0	$0
RILWAN FEYISITAN	Director	Director	$0	$0	$0
GWEN REDMOND	Director	Director	$0	$0	$0
HEATHER STROUT	Director	Director	$0	$0	$0
PARTAJA SPANN	Director	Director	$0	$0	$0
CHRISTINE GREENIA	Director	Director	$0	$0	$0
BARBARA WINKLER	Director	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	$695,736	$802,129	$263,595	$-106,393
2024	$776,337	$839,495	$375,457	$-63,158
2023	$758,377	$765,109	$430,502	$-6,732
2022	$725,468	$632,639	$430,021	$92,829
2021	$764,417	$663,491	$338,610	$100,926
2020	$657,594	$618,243	$259,771	$39,351
2019	$644,228	$627,965	$195,796	$16,263

WASHINGTON SQUARE SERVICES CORPORATION