WESTSIDE ACADEMY (EIN 202232631) - 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

2006

Legal Domicile

Principal Officer

W HEATHER O'BANNON

Phone

6142729392

Tax Period

2024-07-01 to 2025-06-30

WESTSIDE ACADEMY, founded in 2006, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $5.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE HIGH QUALITY EDUCATION, GLOBAL CONCIOUSNESS AND A COMPETENCY-BASED EDUCATION PROGRAM FROM KINDERGARTEN TO EIGHTH GRADE.

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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 $4,481,224

Program Service Revenue $0

Investment Income $6,715

Other Revenue $13,893

TOTAL REVENUE $4,501,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,589,697

Fundraising Expenses $0

Program Expenses $4,945,504

Other Expenses $1,603,136

TOTAL EXPENSES $5,192,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,501,832	$3,973,250	+0.1%
Expenses	$5,192,833	$4,310,273	+0.2%
Net Income	$-691,001	$-337,023	+1.1%

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

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

$109,381

Total Directors

$109,381

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
W HEATHER O'BANNON	DIRECTOR	40.00	Officer Director	$104,506	$0	$104,506
DR SOUZAN EL-KEST	BOARD MEMBER	2.00	Officer Director	$1,250	$0	$1,250
JATHIYA ABDULLAH-SIMMONS	BOARD MEMBER	2.00	Officer Director	$1,125	$0	$1,125
TEYMOUR EL HOSSEINY	BOARD MEMBER	2.00	Officer Director	$1,125	$0	$1,125
JANA AL-AKHRAS	BOARD MEMBER	2.00	Officer Director	$1,000	$0	$1,000
ABUKAR OSMAN	PRESIDENT	2.00	Officer Director	$375	$0	$375
JOSEPH CRAWFIS	TREASURER	1.00	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
2025	$4,501,832	$5,192,833	$9,306,239	$-691,001
2024	No data	No data	No data	No data
2023	$4,265,366	$4,699,610	$9,167,929	$-434,244
2022	$4,723,373	$3,910,094	$9,023,795	$813,279
2021	$3,475,261	$3,484,214	$2,720,179	$-8,953
2020	$3,396,514	$2,641,667	$2,303,540	$754,847
2019	$2,295,313	$2,211,072	$1,487,517	$84,241
2018	$2,384,161	$2,001,086	$1,597,545	$383,075

WESTSIDE ACADEMY