FIRST WARD ACTION COUNCIL INC

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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

1980

Legal Domicile

Principal Officer

JERRY WILLARD

Phone

6077722850

Tax Period

2024-10-01 to 2025-09-30

FIRST WARD ACTION COUNCIL INC, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Net assets of $8.0M represent 34 months of operating reserves.

Mission

FIRST WARD ACTION COUNCIL, INC. IS A COMMUNITY-BASED DEVELOPER AND PROVIDER OF HOUSING AND HOUSING SERVICES WHO SEEKS TO ENHANCE THE QUALITY OF LIVING FOR LOW-INCOME FAMILIES AND THE ELDERLY THROUGH AFFORDABLE LIVING AND INFRASTRUCTURE IMPROVEMENTS.

Program Service Accomplishments

Program 1

Expenses: $2,751,098 Revenue: $1,018,579

THE ORGANIZATION CONTINUES TO OWN, OPERATE AND MAINTAIN LOW-INCOME HOUSING PROJECTS THROUGH BUILDING RENOVATIONS AND NEIGHBORHOOD PRESERVATION PROGRAMS.

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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 $1,729,490

Program Service Revenue $969,255

Investment Income $31,375

Other Revenue $49,324

TOTAL REVENUE $2,779,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $742,214

Fundraising Expenses $0

Program Expenses $2,751,098

Other Expenses $2,284,246

TOTAL EXPENSES $3,026,460

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,779,444	$2,233,722	+0.2%
Expenses	$3,026,460	$3,008,305	+0.0%
Net Income	$-247,016	$-774,583	-0.7%

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

$90,771

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REVEREND HENRY AUSBY	PRESIDENT	5.00	Officer Director	$0	$0	$0
MELISSA L BURISH	TREASURER	5.00	Officer Director	$0	$0	$0
JOHN M TROUP	DIRECTOR	1.00	Director	$0	$0	$0
REVEREND JAMES DUTKO	DIRECTOR	1.00	Director	$0	$0	$0
NOREEN O'SHAUGHNESSY	DIRECTOR	1.00	Director	$0	$0	$0
REVEREND GARY DOUPE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KEDAR CLARKE	SECRETARY	5.00	Officer Director	$0	$0	$0
MARC FERRO	DIRECTOR	1.00	Director	$0	$0	$0
JERRY WILLARD	EXECUTIVE DIRECTOR	35.00	Officer	$86,008	$4,763	$90,771

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	$2,779,444	$3,026,460	$13,906,835	$-247,016
2024	$2,233,722	$3,008,305	$14,273,672	$-774,583
2023	$2,685,655	$1,908,435	$13,942,709	$777,220
2022	$2,095,545	$1,591,182	$11,795,207	$504,363
2021	$1,532,237	$1,490,547	$10,476,328	$41,690
2020	$1,851,128	$1,300,124	$10,593,990	$551,004
2019	$2,115,151	$1,477,277	$9,878,800	$637,874
2019	$2,115,151	$1,477,277	$9,878,800	$637,874
2018	$1,069,481	$1,169,744	$7,886,547	$-100,263