Webster Development Fund

EIN: 205413853 501(c)(3)

Springhill, LA

Total Revenue
N/A
Total Expenses
$69,069
Total Assets
$1,221,936
Net Assets
$109,833
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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
LA
Phone
3185392122
Tax Period
2025-01-01 to 2025-12-31

Mission

Solicit and purchase mortgages for the Fuller Center of Webster Inc

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $69,069
TOTAL EXPENSES $69,069

Year-over-Year Comparison

2025 2024 Change
Revenue N/A N/A N/A
Expenses $69,069 $43,842 +0.6%
Net Income N/A $-43,842 N/A
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

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Governance

Voting Members
3
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
2
$0
Total Directors
1
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARETTIA PAYNE Director 2.00
Director
$0 $0 $0
CHARLES PAYNE President 2.00
Officer
$0 $0 $0
DENNIS MCMULLAN Treasurer 2.00
Officer
$0 $0 $0
DEREK MELANCON Exec Dir 10.00
Key Emp
$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 No data $69,069 $1,221,936 No data
2024 No data $43,842 $1,069,071 No data
2023 No data $51,250 $1,146,289 No data
2022 No data $50,814 $1,208,231 No data
2021 No data $32,668 $1,349,852 No data
2020 No data $36,464 $1,302,756 No data
2019 No data $32,420 $1,377,142 No data
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