THE WINESBURG AREA DEVELOPMENT CORPORATION (EIN 311126941) - 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

1970

Legal Domicile

Principal Officer

FIRMAN MILLER

Phone

3303596330

Tax Period

2023-01-01 to 2023-12-31

THE WINESBURG AREA DEVELOPMENT CORPORATION, founded in 1970, is a small nonprofit that reported $491K in total revenue in fiscal year 2023. The organization ran a surplus of $204K, a strong 42% operating margin.

Mission

PROVIDING WATER TO THE WINESBURG AREA COMMUNITY.

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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 $3,900

Program Service Revenue $439

Investment Income $5,384

Other Revenue $481,522

TOTAL REVENUE $491,245

Expense Breakdown

Grants Paid $250

Salaries & Benefits $144,607

Fundraising Expenses $0

Other Expenses $142,300

TOTAL EXPENSES $287,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$491,245	$477,167	+0.0%
Expenses	$287,157	$313,827	-0.1%
Net Income	$204,088	$163,340	+0.2%

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

N/A

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

$1,650

Total Directors

$3,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES GERTZ	VICE PRESIDENT	1.00	Officer Director	$825	$0	$825
SUZANNE MCFADDEN	BOARD MEMBER	1.00	Director	$525	$0	$525
FIRMAN MILLER	PRESIDENT	1.00	Officer Director	$825	$0	$825
ROBERT COBLENTZ	BOARD MEMBER	1.00	Director	$750	$0	$750
LEROY MAST	BOARD MEMBER	1.00	Director	$675	$0	$675

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	$491,245	$287,157	$6,512,723	$204,088
2022	$477,167	$313,827	$6,347,262	$163,340
2021	$453,457	$315,793	$6,227,043	$137,664
2020	$2,305,430	$220,212	$8,160,760	$2,085,218
2019	$420,572	$201,238	$6,111,768	$219,334
2018	$349,086	$153,809	$6,108,661	$195,277

THE WINESBURG AREA DEVELOPMENT CORPORATION