WEST SIDE FORWARD (EIN 204502193) - 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

2019

Legal Domicile

Principal Officer

EDWARD COLEMAN

Phone

7736949942

Tax Period

2022-07-01 to 2023-06-30

WEST SIDE FORWARD, founded in 2019, is a small nonprofit in the Employment sector that reported $800K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $193K, a strong 24% operating margin.

Mission

WSF IS COMMITTED TO DRIVING ECONOMIC REVITALIZATION OF CHICAGO'S WEST SIDE BY INVESTING IN PEOPLE, SYSTEMS AND INFRASTRUCTURE TO FOSTER THRIVING COMMUNITIES. THE ORGANIZATION VISION OF CHICAGO'S WEST SIDE BECOMING AN ECONOMICALLY THRIVING COMMUNITY, WITH OPPORTUNITIES TO INCREASE INCOME AND WEALTH FOR THE LOCAL RESIDENTS, IS THE FOCUS OF THEIR PROGRAMS ON BUILDING THE LOCAL COMMUNITY THROUGH SMALL BUSINESS DEVELOPMENT AND TRAINING OF THE LOCAL WORKFORCE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $797,767

Program Service Revenue $0

Investment Income $0

Other Revenue $2,183

TOTAL REVENUE $799,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $431,711

Fundraising Expenses $2,818

Program Expenses $575,691

Other Expenses $174,975

TOTAL EXPENSES $606,686

Year-over-Year Comparison

	2022	2021	Change
Revenue	$799,950	$956,576	-0.2%
Expenses	$606,686	N/A	N/A
Net Income	$193,264	$956,576	-0.8%

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

$123,486

Total Directors

$22,997

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD COLEMAN	DIRECTOR	9.00	Officer	$100,489	$0	$100,489
ROXANNE CHARLES	EXECUTIVE DI	1.00	Officer Director	$0	$0	$22,997
DAVID SANDERS	DIRECTOR	5.00	Director	$0	$0	$0
JOEL SIMON	DIRECTOR	5.00	Director	$0	$0	$0
RENDEL SOLOMON	DIRECTOR	4.00	Director	$0	$0	$0
JEFF BELL	TREASURER	6.00	Officer	$0	$0	$0
VASCO BRIDGES	CHAIRMAN	9.00	Officer	$0	$0	$0
MELANIE MOSLEY	SECRETARY	11.00	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
2023	$799,950	$606,686	$725,619	$193,264
2023	$877,966	$764,462	$812,148	$113,504
2022	$956,576	$646,806	$337,661	$309,770
2021	$457,031	$701,591	$337,661	$-244,560
2021	$454,992	$681,008	$553,333	$-226,016
2020	$902,807	$593,604	$560,409	$309,203

WEST SIDE FORWARD