Washington, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Downtown Washington on the Waterfront, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $328K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $68K, a strong 21% operating margin.
The mission of the WHDA is to recruit and support businesses in the Central Business District while building partnerships that encourage preservation and promote the Harbor District as an inclusive, professional,commercial,cultural and residential community on the water.
Worked with the Chamber of Commerce, Arts of the Pamlico, and Tourism Development along with the City of Washington to increase foot traffic into local businesses expanding the local small business...
Worked with the Chamber of Commerce, Arts of the Pamlico, and Tourism Development along with the City of Washington to increase foot traffic into local businesses expanding the local small business community. Operated the Harbor District Market, an indoor Farmers Market, on Main Street bringing an average of 500 people to downtown each Saturday. In addition, renovations began to the upstairs of the Market for training and workforce development.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $328,096 | $291,743 | +0.1% |
| Expenses | $260,176 | $247,791 | +0.0% |
| Net Income | $67,920 | $43,952 | +0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Fred Watkins III | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Nikki Klapp | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| John Jesso | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Ellen Brabo | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Leesa P Jones | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kim Asby | TreasurerSecretary | 10.00 |
Officer
|
$0 | $0 | $0 |
| Chris W Furlough | President | 10.00 |
Officer
|
$0 | $0 | $0 |
| Bill Cummings | Vice President | 15.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $328,096 | $260,176 | $1,142,809 | $67,920 |
| 2023 | $291,743 | $247,791 | $973,813 | $43,952 |
| 2022 | $320,690 | $254,757 | $568,213 | $65,933 |
| 2021 | $287,031 | $167,440 | $533,070 | $119,591 |
| 2020 | $259,703 | $158,919 | $419,249 | $100,784 |
| 2019 | $261,567 | $146,071 | $338,251 | $115,496 |
| 2018 | $175,607 | $154,135 | $202,926 | $21,472 |
Compare Downtown Washington on the Waterfront with other nonprofits in North Carolina and across the country.