Downtown Washington on the Waterfront (EIN 200175742) - 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

2003

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

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.

Mission

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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $261,240

Program Service Revenue $66,396

Investment Income $0

Other Revenue $460

TOTAL REVENUE $328,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,069

Fundraising Expenses $0

Program Expenses $195,162

Other Expenses $174,107

TOTAL EXPENSES $260,176

Year-over-Year Comparison

	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%

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

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

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

Downtown Washington on the Waterfront