WASMVER DEVELOPMENT CORPORATION (EIN 311278452) - 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

1989

Legal Domicile

Principal Officer

DAVID PHILLIPS

Phone

6144524184

Tax Period

2024-05-01 to 2025-04-30

WASMVER DEVELOPMENT CORPORATION, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $164K in total revenue in fiscal year 2024. Expenses of $152K left a modest 7% surplus.

Mission

TO PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

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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 $114,934

Program Service Revenue $45,594

Investment Income $3,213

Other Revenue $0

TOTAL REVENUE $163,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $141,019

Other Expenses $151,748

TOTAL EXPENSES $151,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,741	$161,981	+0.0%
Expenses	$151,748	$147,428	+0.0%
Net Income	$11,993	$14,553	-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

Employees

N/A

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

$109,432

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN HUNT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOEL KING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KELTON WALLER	SECRETARY	1.00	Officer Director	$0	$0	$0
RONALD MITCHELL	MEMBER	1.00	Officer Director	$0	$0	$0
JAY FINKLEA	MEMBER	0.50	Director	$0	$0	$0
STAN FORD	MEMBER	0.50	Director	$0	$0	$0
ROBERT GLOVER	MEMBER	0.50	Director	$0	$0	$0
CASSANDRA L HICKS	MEMBER	0.50	Director	$0	$0	$0
CELIA M KENDALL	CEO	1.00	Officer	$0	$0	$109,432

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	$163,741	$151,748	$509,054	$11,993
2024	$161,981	$147,428	$511,152	$14,553

WASMVER DEVELOPMENT CORPORATION