WESSEX 504 CORPORATION (EIN 272304093) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

GARRETT DRUCKER

Phone

8472229373

Tax Period

2024-10-01 to 2025-09-30

WESSEX 504 CORPORATION, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $508K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

WESSEX 504 CORPORATION IS A NON-PROFIT COMPANY CERTIFIED BY THE U. S. SMALL BUSINESS ADMINISTRATION TO ORIGINATE AND SERVICE SBA 504 LOANS. AS AN SBA CERTIFIED DEVELOPMENT COMPANY, WESSEX 504 CORPORATION WORKS WITH THE SMALL BUSINESS ADMINISTRATION AND LENDERS TO DELIVER THE 504 LOAN PROGRAM TO BUSINESSES. WESSEX 504'S OBJECTIVE IS TO ASSIST HEALTHY, GROWING BUSINESSES SECURE LONG TERM, BELOW MARKET, FIXED RATE FINANCING FOR THE ACQUISITION OF REAL ESTATE OR CAPITAL EQUIPMENT. IN TURN, THESE BUSINESSES ARE ABLE TO CREATE NEW JOBS AND STRENGTHEN THEIR COMMUNITIES WHILE CONTINUING TO GROW.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $442,945

Investment Income $0

Other Revenue $65,484

TOTAL REVENUE $508,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $452,454

Fundraising Expenses $0

Program Expenses $499,087

Other Expenses $82,495

TOTAL EXPENSES $534,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$508,429	$666,913	-0.2%
Expenses	$534,949	$697,704	-0.2%
Net Income	$-26,520	$-30,791	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$372,973

Total Directors

$372,973

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARRETT DRUCKER	PRESIDENT	40.00	Officer Director	$344,999	$27,974	$372,973
MIKE BARBAGLIA	DIRECTOR	0.25	Director	$0	$0	$0
BEN BIZUB	DIRECTOR	0.25	Director	$0	$0	$0
EMILIO DICESARE	DIRECTOR	0.25	Director	$0	$0	$0
HEATHER FIORE	DIRECTOR	0.25	Director	$0	$0	$0
KATY JONES	DIRECTOR	0.25	Director	$0	$0	$0
MIKE LAMBERT	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT SULLIVAN	SECRETARY	0.25	Officer 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
2025	$508,429	$534,949	$159,286	$-26,520
2024	$666,913	$697,704	$180,368	$-30,791
2023	$759,654	$863,838	$211,820	$-104,184
2022	$773,179	$727,449	$316,004	$45,730
2021	$680,758	$670,361	$270,274	$10,397
2020	$762,800	$745,720	$355,276	$17,080
2019	$838,841	$634,902	$266,937	$203,939
2018	$679,352	$642,912	$158,423	$36,440

WESSEX 504 CORPORATION