OLD FIRST WARD COMMUNITY ASSOC INC (EIN 222264220) - 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

1976

Legal Domicile

Principal Officer

DOMENIC VERO

Phone

7168568613

Tax Period

2024-01-01 to 2024-12-31

OLD FIRST WARD COMMUNITY ASSOC INC, founded in 1976, is a small nonprofit that reported $490K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $542K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO SERVE THE OLD FIRST WARD WITH COMMUNITY BASED DEVELOPMENT INCLUDING ECONOMIC REDEVELOPMENT, HOUSING AND HUMAN SERVICES PROGRAMS WITH A VISION FOR A NEW RENAISSANCE.

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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 $368,058

Program Service Revenue $20,930

Investment Income $4,753

Other Revenue $96,266

TOTAL REVENUE $490,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,564

Fundraising Expenses $0

Program Expenses $370,878

Other Expenses $233,182

TOTAL EXPENSES $541,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$490,007	$777,761	-0.4%
Expenses	$541,746	$561,368	0.0%
Net Income	$-51,739	$216,393	-1.2%

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

170

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

$60,008

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY CLAIRE SUMBRUM	EXECUTIVE DI	40.00	Officer	$60,008	$0	$60,008
MICHAEL CULLEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TAYLOR BOLD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BILL METZGER	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIN KELLEHER	VICE SECRETA	1.00	Officer Director	$0	$0	$0
DOMENIC VERO	TREASURER	1.00	Officer Director	$0	$0	$0
BRITTANY HEALY	DIRECTOR	1.00	Director	$0	$0	$0
JULIE LUNDQUIST	DIRECTOR	1.00	Director	$0	$0	$0
MARLENE ORTIZ CARNEY	DIRECTOR	1.00	Director	$0	$0	$0
JACQULENE SKINNER	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY SLOMBA	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA HEIDINGER	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	$490,007	$541,746	$763,462	$-51,739
2023	$777,761	$561,368	$808,110	$216,393
2022	$569,185	$467,378	$571,682	$101,807
2021	$539,320	$448,915	$487,573	$90,405
2020	$498,785	$314,464	$369,750	$184,321
2019	$365,029	$393,020	$258,446	$-27,991
2018	$377,953	$465,631	$193,227	$-87,678

OLD FIRST WARD COMMUNITY ASSOC INC