WASHNEW DEVELOPMENT CORPORATION (EIN 311278456) - 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

CELIA M KENDALL

Phone

6144524184

Tax Period

2019-05-01 to 2020-04-30

WASHNEW DEVELOPMENT CORPORATION, founded in 1989, is a small nonprofit that reported $607K in total revenue in fiscal year 2019. Revenue surged 222% from the prior year, signaling strong growth momentum. The organization ran a surplus of $447K, a strong 74% operating margin.

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 (2019)

Revenue Breakdown

Contributions & Grants $114,485

Program Service Revenue $47,259

Investment Income $438,571

Other Revenue $6,399

TOTAL REVENUE $606,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,124

Other Expenses $159,288

TOTAL EXPENSES $159,288

Year-over-Year Comparison

	2019	2018	Change
Revenue	$606,714	$188,657	+2.2%
Expenses	$159,288	$229,932	-0.3%
Net Income	$447,426	$-41,275	-11.8%

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

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

$100,595

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL L HUNT	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRED BOOKER	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
EDWINA MCINTYRE	SECRETARY	1.00	Officer Director	$0	$0	$0
LUEVOKA POWE	RECORDER	1.00	Officer Director	$0	$0	$0
JAY C FINKLEA	MEMBER	0.50	Director	$0	$0	$0
STAN E FORD	MEMBER	0.50	Director	$0	$0	$0
MICHAEL A NOBLE	MEMBER	0.50	Director	$0	$0	$0
RAY A JONES	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	$6,600	$100,595

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
2020	$606,714	$159,288	No data	$447,426

WASHNEW DEVELOPMENT CORPORATION