Downtown Westfield Corporation (EIN 223516173) - 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

1996

Legal Domicile

Principal Officer

Lillian Pien

Phone

9087899444

Tax Period

2024-01-01 to 2024-12-31

Downtown Westfield Corporation, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $590K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $532K left a modest 10% surplus.

Mission

Establish Westfield as a preferred destination for people to want to live, work and visit.

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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 $430,623

Program Service Revenue $121,062

Investment Income $10

Other Revenue $38,173

TOTAL REVENUE $589,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,174

Fundraising Expenses $0

Program Expenses $482,165

Other Expenses $359,524

TOTAL EXPENSES $531,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$589,868	$636,732	-0.1%
Expenses	$531,698	$668,577	-0.2%
Net Income	$58,170	$-31,845	-2.8%

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

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Kirshenbaum	Chair	2.00	Officer	$0	$0	$0
Lauren Bieber	Vice-Chairman	2.00	Officer	$0	$0	$0
Erin Ben-Hayon	Secretary	2.00	Officer	$0	$0	$0
Anthony DiTommaso	Treasurer	2.00	Officer	$0	$0	$0
Patrice Chapman	Trustee	2.00	Director	$0	$0	$0
Jonathan Adwar	Trustee	2.00	Director	$0	$0	$0
Jaclyn Civins	Trustee	2.00	Director	$0	$0	$0
Michael LaPlace	Trustee	2.00	Director	$0	$0	$0
Ben Montez	Trustee	2.00	Director	$0	$0	$0
Craig Gibson	Ex-Officio	2.00	Director	$0	$0	$0
Liz Jeffery	Ex-Officio	2.00	Director	$0	$0	$0
Linda Habgood	Council Liaison	2.00	Director	$0	$0	$0
Samantha Horning	Executive Director	40.00	Officer	$90,000	$0	$90,000
AJ Camhi	Trustee	2.00	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	$589,868	$531,698	$296,285	$58,170
2023	$636,732	$668,577	$267,866	$-31,845
2022	$658,266	$676,140	$148,637	$-17,874
2021	$537,905	$589,324	$173,196	$-51,419
2020	$657,927	$642,849	$234,048	$15,078

Downtown Westfield Corporation