FIRST WARD ACTION COUNCIL INC (EIN 222317109) - 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

1980

Legal Domicile

Principal Officer

JERRY WILLARD

Phone

6077722850

Tax Period

2023-10-01 to 2024-09-30

FIRST WARD ACTION COUNCIL INC, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $3.0M exceeded revenue, resulting in a 35% operating deficit.

Mission

TO FOSTER THE DEVELOPMENT & MAINTENANCE OF AFFORDABLE HOUSING & INFRASTRUCTURE OF THE FIRST WARD & OTHER COMMUNITIES FOR LOW-INCOME FAMILIES AND THE ELDERLY.

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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 $817,200

Program Service Revenue $1,215,998

Investment Income $45,979

Other Revenue $154,545

TOTAL REVENUE $2,233,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $674,133

Fundraising Expenses $0

Program Expenses $1,836,217

Other Expenses $2,334,172

TOTAL EXPENSES $3,008,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,233,722	$2,685,655	-0.2%
Expenses	$3,008,305	$1,908,435	+0.6%
Net Income	$-774,583	$777,220	-2.0%

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

$80,438

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
JERRY WILLARD	EXECUTIVE DIRECTOR	35.00	Officer	$75,070	$5,368	$80,438

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	$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

FIRST WARD ACTION COUNCIL INC