WOONASQUATUCKET VALLEY COMMUNITY BUILD INC (EIN 320015513) - 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

HOWIE SNEIDER

Phone

4012737101

Tax Period

2024-01-01 to 2024-12-31

WOONASQUATUCKET VALLEY COMMUNITY BUILD INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE STEEL YARD'S HISTORIC CAMPUS IS A PLATFORM FOR PROFESSIONAL ARTISTS, MAKERS AND THE COMMUNITY TO PRACTICE AND LEARN THE INDUSTRIAL ARTS. THE ORGANIZATION FOSTERS CREATIVE AND ECONOMIC OPPORTUNITIES, BY PROVIDING WORKSPACE, TOOLS, TRAINING AND EDUCATION, WHILE FORGING LASTING LINKS TO A LOCAL TRADITION OF CRAFTSMANSHIP.

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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 $668,147

Program Service Revenue $429,117

Investment Income $13,045

Other Revenue $78,715

TOTAL REVENUE $1,189,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $787,128

Fundraising Expenses $238,837

Program Expenses $981,595

Other Expenses $731,855

TOTAL EXPENSES $1,518,983

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,189,024	$1,278,045	-0.1%
Expenses	$1,518,983	$1,532,637	0.0%
Net Income	$-329,959	$-254,592	+0.3%

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

Volunteers

150

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY COOGAN	CHAIR	5.00	Officer Director	$0	$0	$0
KAREN HARRIS	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
HARRY PHILBRICK	TREASURER	5.00	Officer Director	$0	$0	$0
EVERETT ABITBOL	BOARD MEMBER	2.00	Director	$0	$0	$0
WHITMORE BOOGAERTS	BOARD MEMBER	2.00	Director	$0	$0	$0
S KAI CAMERON	BOARD MEMBER	2.00	Director	$0	$0	$0
KRIS CHIN	BOARD MEMBER	2.00	Director	$0	$0	$0
COURTNIE WOLFGANG	BOARD MEMBER	2.00	Director	$0	$0	$0
LUPITA DE LOS SANTOS	BOARD MEMBER	2.00	Director	$0	$0	$0
CRAIG BARTON	BOARD MEMBER	2.00	Director	$0	$0	$0
NICHOLE RUSTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIN X SMITHERS	BOARD MEMBER	2.00	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	$1,189,024	$1,518,983	$4,009,294	$-329,959
2023	$1,278,045	$1,532,637	$4,262,116	$-254,592
2022	$1,383,766	$1,419,216	$4,523,665	$-35,450
2021	$1,277,376	$1,409,181	$4,368,113	$-131,805
2020	$1,494,776	$1,201,658	$4,455,173	$293,118
2019	$1,893,464	$1,107,987	$4,249,352	$785,477
2018	$1,723,435	$1,120,467	$3,266,776	$602,968

WOONASQUATUCKET VALLEY COMMUNITY BUILD INC