FORTY WEST STREET CORPORATION (EIN 204325824) - 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

CYNTHIA HOWARD

Phone

5087644085

Tax Period

2023-07-01 to 2024-06-30

FORTY WEST STREET CORPORATION, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $63K in total revenue in fiscal year 2023. Expenses of $126K exceeded revenue, resulting in a 99% operating deficit.

Mission

TO PROVIDE HOUSING AND SUPPORT SERVICES FOR INDIVIDUALS WITH DISABILITIES.

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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 $29,932

Program Service Revenue $33,068

Investment Income $28

Other Revenue $0

TOTAL REVENUE $63,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,008

Fundraising Expenses $0

Program Expenses $103,471

Other Expenses $119,564

TOTAL EXPENSES $125,572

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,028	$63,027	+0.0%
Expenses	$125,572	$124,251	+0.0%
Net Income	$-62,544	$-61,224	+0.0%

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

N/A

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

$458,373

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL CHAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
SHERIE BOMBARDIER	DIRECTOR	0.00	Director	$0	$0	$0
JEFF CHASE	TREASURER	2.00	Officer Director	$0	$0	$0
JAYNE BOWLER	DIRECTOR	0.00	Director	$0	$0	$0
PATRICIA LAWRIE	DIRECTOR	0.00	Director	$0	$0	$0
JAMES GRAHAM	DIRECTOR	0.00	Director	$0	$0	$0
ALEX BOWLER	DIRECTOR	0.00	Director	$0	$0	$0
LINDA COURNOYER	DIRECTOR EMERITUS	0.00	Director	$0	$0	$0
KRISTINE BIAGIOTTI-BRIDGES	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CINDY SOWA FORGIT	DIRECTOR	0.00	Director	$0	$0	$0
GERALD MALDONADO	CLERK	2.00	Officer Director	$0	$0	$0
ERIKA BURROWS	CHIEF OPERATING OFFICER	2.00	Officer	$0	$23,757	$144,881
CYNTHIA HOWARD	CHIEF EXECUTIVE OFFICER	2.00	Officer	$0	$33,189	$168,872
RENEE MOYNAGH	CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$11,445	$144,620
CHAD KRAUSE	VP OF PROGRAMS	2.00	Highest	$0	$23,252	$125,745

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	No data	No data	No data	No data
2024	$63,028	$125,572	$888,150	$-62,544
2023	$63,027	$124,251	$947,993	$-61,224
2022	$63,031	$120,487	$1,001,797	$-57,456
2021	$63,030	$118,761	$1,062,109	$-55,731
2020	$63,048	$118,459	$1,113,677	$-55,411
2019	$63,048	$116,448	$1,173,845	$-53,400
2018	$62,933	$153,441	$1,257,996	$-90,508

FORTY WEST STREET CORPORATION