BUFFALO, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Net assets of $10.0M represent 55 months of operating reserves.
WEDI STRENGHTENS COMMUNITIES THROUGH A CONTINUUM OF EDUCATIONAL AND FINANCIAL RESOURCES FOR ALL WESTERN NEW YORKERS.
COMMUNITY DEVELOPMENT - WEST SIDE BAZAAR AND DOWNTOWN BAZAAR SMALL BUSINESS INCUBATOR LOCATED IN GROWING COMMERCIAL DISTRICTS IN BUFFALO, NEW YORK. WESTMINISTER ECONOMIC DEVELOPMENT INITIATIVE (WEDI)...
COMMUNITY DEVELOPMENT - WEST SIDE BAZAAR AND DOWNTOWN BAZAAR SMALL BUSINESS INCUBATOR LOCATED IN GROWING COMMERCIAL DISTRICTS IN BUFFALO, NEW YORK. WESTMINISTER ECONOMIC DEVELOPMENT INITIATIVE (WEDI) IS DEDICATED TO OFFERING MERCHANTS A STABLE AND AFFORDABLE ENVIRONMENT TO GROW THEIR "GRASSROOTS" BUSINESSES. WEDI IS COMMITTED TO OFFERING CLIENTS BUSINESS COACHING, FINANCIAL MENTORING, LOW INTEREST LOANS, NETWORKING/MARKETING OPPORTUNITIES, AND STEADY CUSTOMER TRAFFIC.
ECONOMIC DEVELOPMENT - PROVIDED A COMPREHENSIVE MODEL FOR GENERATING WEALTH FOR MOTIVATED INDIVIDUALS THROUGH THE CREATION OR EXPANSION OF A SMALL BUSINESS. WEDI'S PROGRAM IS UNIQUE IN ITS ABILITY TO...
ECONOMIC DEVELOPMENT - PROVIDED A COMPREHENSIVE MODEL FOR GENERATING WEALTH FOR MOTIVATED INDIVIDUALS THROUGH THE CREATION OR EXPANSION OF A SMALL BUSINESS. WEDI'S PROGRAM IS UNIQUE IN ITS ABILITY TO PROVIDE A BROAD RANGE OF SERVICES, UTILIZING EXISTING COMMUNITY RESOURCES WHEN AVAILABLE, AND MOLD THE PROCESS TO EACH INDIVIDUAL. THIS IS DONE THROUGH MENTORS, WHO WORK WITH CLIENTS INDIVIDUALLY AND THROUGH PARTNERSHIPS WITH LOCAL ORGANIZATIONS. WEDI CAN PROVIDE A RANGE OF SERVICE FROM BASIC FINANCIAL LITERACY TO SPECIALIZED TRAINING AND TECHNICAL ASSISTANCE. WEDI OFFERS A MICRO LOAN PROGRAM THAT OFFERS SMALL, TARGETED LOANS FOR BUSINESS CREATION OR EXPANSION IN WEDI'S TARGET AREA THAT CAN DIRECTLY RESULT IN INCREASED INCOME AND WEALTH GENERATION.
EDUCATION, NURTURE, ENCOURAGEMENT, READINESS, AND GROWTH FOR YOUTH (ENERGY), LAUNCH, AND FOCUSED LEARNING FOR YOUTH (FLY) - THE FOCUS OF THESE PROGRAMS IS TO HELP ENGLISH LANGUAGE LEARNERS (ELLS)...
EDUCATION, NURTURE, ENCOURAGEMENT, READINESS, AND GROWTH FOR YOUTH (ENERGY), LAUNCH, AND FOCUSED LEARNING FOR YOUTH (FLY) - THE FOCUS OF THESE PROGRAMS IS TO HELP ENGLISH LANGUAGE LEARNERS (ELLS) SPECIFICIALLY STUDENTS WITH INTERRUPTED FORMAL EDUCATION (SIFE) TO IMPROVE MORE QUICKLY, ACADEMICALLY, AND SOCIALLY THAN THEY WOULD WITHOUT ENERGY, LAUNCH, OR FLY'S INPUT OUTSIDE OF SCHOOL. CHILDREN RECEIVE HOMEWORK AND ACADEMIC SUPPORT, ENJOY A SHARED FAMILY STYLE MEAL AND GAIN ACCESS TO INDIVIDUAL ADULT MENTORS AND TUTORS.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,171,800 | $6,918,706 | -0.7% |
| Expenses | $2,183,617 | $2,473,537 | -0.1% |
| Net Income | $-11,817 | $4,445,169 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| STEPHEN ZENGER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTA SCHWARTZOTT | BOARD MEMBER/PRESIDENT | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| CONCETTA FERGUSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MELANIE JASKOLKA | BOARD MEMBER/VICE PRESIDEN | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| LUKE DONIGAN | BOARD MEMBER/ASSIST SECRET (TO 12/31/24) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOANN BELLIOTTI | BOARD MEMBER (TO 9/30/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| INDU DEWAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ZELALEM GEMMEDA | BOARD MEMBER (TO 12/31/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| DONNA GENESKY | BOARD MEMBER (TO 8/31/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL KENLINE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GUSTAVO LIMA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CATHERINE MARCH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BETSY MITCHELL | BOARD MEMBER (TO 12/31/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| KATIE O'CONNOR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MIMI STEADMAN | BOARD MEMBER/SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTINE UWIMBABAZI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROLYNN WELCH | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$84,845 | $11,075 | $95,920 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,171,800 | $2,183,617 | $11,712,530 | $-11,817 |
| 2023 | $6,918,706 | $2,473,537 | $12,601,013 | $4,445,169 |
| 2022 | $3,247,167 | $2,295,731 | $10,403,298 | $951,436 |
| 2021 | $4,824,412 | $2,069,904 | $5,287,806 | $2,754,508 |
| 2020 | $2,118,673 | $1,763,082 | $2,609,168 | $355,591 |
| 2019 | $1,715,793 | $1,600,557 | $2,379,628 | $115,236 |
| 2018 | $1,313,235 | $990,167 | $2,024,093 | $323,068 |
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