WATERTOWER WEST INC

EIN: 200475502 501(c)(3) Mental Health

MERRILLVILLE, IN

Total Revenue
$126,401
Total Expenses
$162,486
Total Assets
$994,583
Net Assets
$911,829
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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
2002
Legal Domicile
IN
Principal Officer
LASHAUN WOODS
Phone
2197571921
Tax Period
2024-07-01 to 2025-06-30

WATERTOWER WEST INC, founded in 2002, is a small nonprofit in the Mental Health sector that reported $126K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $162K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $66,022
Program Service Revenue $59,401
Investment Income $15
Other Revenue $963
TOTAL REVENUE $126,401

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $137,485
Other Expenses $162,486
TOTAL EXPENSES $162,486

Year-over-Year Comparison

2024 2023 Change
Revenue $126,401 $108,246 +0.2%
Expenses $162,486 $170,136 0.0%
Net Income $-36,085 $-61,890 -0.4%
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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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
5
$558,746
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLA HOUCK CHAIR 0.50
Officer Director
$0 $0 $0
LINDA JONAITIS VICE CHAIR 0.50
Officer Director
$0 $0 $0
DR AMY HAN SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
CAROL DRASGA BOARD MEMBER 0.50
Director
$0 $0 $0
GARY JOHNSON BOARD MEMBER 0.50
Director
$0 $0 $0
DANIEL KLEIN BOARD MEMBER 0.50
Director
$0 $0 $0
DANNY LACKEY BOARD MEMBER 0.50
Director
$0 $0 $0
DONALD LEVINSON BOARD MEMBER 0.50
Director
$0 $0 $0
JONATHAN PETERSEN BOARD MEMBER 0.50
Director
$0 $0 $0
TERRY QUINN BOARD MEMBER 0.50
Director
$0 $0 $0
RANDALL SHEPARD BOARD MEMBER 0.50
Director
$0 $0 $0
MADRIEL TERRELL BOARD MEMBER 0.50
Director
$0 $0 $0
THOMAS O'DONNELL BOARD MEMBER PARTIAL TERM 0.50
Director
$0 $0 $0
LASHAUN WOODS EX-OFFICIO & GEMINUS CFO 2.00
Officer
$0 $14,242 $148,697
WILLIAM TROWBRIDGE EX-OFFICIO & REGIONAL CEO 2.00
Officer
$0 $98,353 $410,049
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 $126,401 $162,486 $994,583 $-36,085
2024 $108,246 $170,136 $1,018,241 $-61,890
2023 $99,521 $164,637 $1,062,484 $-65,116
2022 $103,843 $150,622 $1,109,944 $-46,779
2021 $110,152 $154,449 $1,158,208 $-44,297
2020 $109,730 $192,145 $1,187,708 $-82,415
2019 $110,229 $134,792 $1,269,268 $-24,563
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