WEAVERLAND FINANCIAL AID OF NEW YO… - Form 990 Financial Data

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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

5857040687

Tax Period

2024-08-01 to 2025-07-31

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 2024. Expenses of $1.7M left a modest 4% 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.

Program Service Accomplishments

Program 1

Expenses: $1,718,408 Revenue: $1,743,783

THE ORGANIZATION IS ENGAGED IN THE BUSINESS OF RAISING THE CAPITAL NEEDED TO MAKE LOW-INTEREST LOANS, ESTABLISHING THE PROCEDURES FOR MAKING LOANS, MAKING LOANS TO APPROVED INDIVIDUALS, AND...

THE ORGANIZATION IS ENGAGED IN THE BUSINESS OF RAISING THE CAPITAL NEEDED TO MAKE LOW-INTEREST LOANS, ESTABLISHING THE PROCEDURES FOR MAKING LOANS, MAKING LOANS TO APPROVED INDIVIDUALS, AND ADMINISTERING THE LOANS. THE LOANS WILL BE FUNDED WITH THE PROCEEDS DERIVED FROM THE SALE OF SECURITIES THROUGH AN INTRASTATE OFFERING TO ADULT MEMBERS OF THE MENNONITE CHURCH. THERE WERE 37 INDIVIDUALS WHO WERE LOANED MONEY FROM THE ORGANIZATION, AND THERE WERE 251 INDIVIDUALS WHO LOANED MONEY TO THE ORGANIZATION. SEE SCHEDULE L FOR ADDITIONAL INFORMATION RELATED TO LOANS TO/FROM INTERESTED PERSONS.

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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 $0

Program Service Revenue $1,743,783

Investment Income $62,454

Other Revenue $0

TOTAL REVENUE $1,806,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,718,408

Other Expenses $1,730,785

TOTAL EXPENSES $1,730,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,806,237	$1,760,222	+0.0%
Expenses	$1,730,785	$1,674,192	+0.0%
Net Income	$75,452	$86,030	-0.1%

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

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
LEON M WEILER	VICE SECRETARY	1.00	Officer Director	$0	$0	$0
NELSON D WEILER	VICE TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN L HUBER	DIRECTOR	1.00	Director	$0	$0	$0
VIRGIL H MARTIN	TREASURER	1.00	Officer Director	$0	$0	$0
IRA G MARTIN	SECRETARY	1.00	Officer 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
2025	$1,806,237	$1,730,785	$31,442,767	$75,452
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