W A F A (EIN 300132620) - 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

2002

Legal Domicile

Principal Officer

IVY SIGMON

Phone

4258444024

Tax Period

2023-01-01 to 2023-12-31

W A F A, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $25K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $51K exceeded revenue, resulting in a 105% operating deficit.

Mission

TO PROVIDE QUALITY, SUSTAINABLE AND AFFORDABLE HOUSING FOR FARM WORKERS IN THE STATE OF WASHINGTON AND TO IMPROVE THE LIVABILITY AND PROPERITY OF THE COMMUNITIES AND PEOPLE WE SERVE.

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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 $0

Program Service Revenue $0

Investment Income $25,054

Other Revenue $0

TOTAL REVENUE $25,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,800

Fundraising Expenses $0

Program Expenses $23,424

Other Expenses $35,473

TOTAL EXPENSES $51,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,054	$85,399	-0.7%
Expenses	$51,273	$80,412	-0.4%
Net Income	$-26,219	$4,987	-6.3%

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

N/A

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

$15,800

Total Directors

$15,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IVY SIGMON	EXECUTIVE DIRECTOR	40.00	Officer Director	$15,800	$0	$15,800
SHIRLEY WILCOX	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CARMON FLORES	SECRETARY/TREASURER	1.00	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
2024	No data	No data	No data	No data
2023	$25,054	$51,273	$1,717,539	$-26,219
2022	$85,399	$80,412	$1,781,493	$4,987
2021	$121	$57,376	$1,772,369	$-57,255
2020	$327	$59,706	$1,811,899	$-59,379
2019	$111,333	$133,020	$1,736,935	$-21,687
2018	$155,603	$123,984	$1,900,347	$31,619

W A F A