WEAVERLAND FINANCIAL AID OF NEW YORK (EIN 205334261) - 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

JOHN G NEWSWANGER

Phone

3155399656

Tax Period

2023-08-01 to 2024-07-31

WEAVERLAND FINANCIAL AID OF NEW YORK, founded in 2006, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 5% surplus.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE LOANS AND OTHER FINANCIAL ASSISTANCE FOR REAL ESTATE PURCHASES AND FOR FARM AND OTHER BUSINESS RELATED PURPOSES TO MENNONITE PERSONS INTERESTED IN ESTABLISHING THEMSELVES IN THE WEAVERLAND CONFERENCE MENNONITE CHURCH TO FURTHER THE PUBLIC OBJECTIVE OF ADVANCING THE RELIGIOUS BELIEFS, CULTURAL TRADITIONS AND LIFESTYLE OF THE WEAVERLAND CONFERENCE MENNONITE CHURCH.

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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 $0

Program Service Revenue $1,725,454

Investment Income $34,768

Other Revenue $0

TOTAL REVENUE $1,760,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,662,309

Other Expenses $1,674,192

TOTAL EXPENSES $1,674,192

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,760,222	$1,191,785	+0.5%
Expenses	$1,674,192	$1,069,963	+0.6%
Net Income	$86,030	$121,822	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN G NEWSWANGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN W SENSENIG	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL H GEHMAN	TREASURER	1.00	Officer Director	$0	$0	$0
MERVIN S HURST	DIRECTOR	1.00	Director	$0	$0	$0
AARON E WISE	SECRETARY	1.00	Officer Director	$0	$0	$0
VIRGIL H MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
IRA G MARTIN	DIRECTOR	1.00	Director	$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
2024	$1,760,222	$1,674,192	$29,025,104	$86,030
2023	$1,191,785	$1,069,963	$24,605,907	$121,822
2022	$557,473	$552,670	$21,129,134	$4,803
2021	$549,173	$539,991	$18,992,074	$9,182
2020	$591,544	$554,333	$17,972,235	$37,211
2019	$619,475	$596,647	$16,843,282	$22,828

WEAVERLAND FINANCIAL AID OF NEW YORK