The Salem Worlds War Memorial Building Association (EIN 340718412) - 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

1946

Legal Domicile

Principal Officer

William O Wilkins

Phone

2345757170

Tax Period

2024-01-01 to 2024-12-31

The Salem Worlds War Memorial Building Association, founded in 1946, is a micro nonprofit in the Human Services sector that reported $83K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $74K left a modest 12% surplus.

Mission

The organization hosts numerous athletic and social activities in its community gymnasium, meeting rooms and kitchens. In 2022, the building provided facilities to The Banquet in Salem, where over 10,000 free community meals were served.

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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 $36,405

Program Service Revenue $25,985

Investment Income $21,057

Other Revenue $0

TOTAL REVENUE $83,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,071

Fundraising Expenses $0

Program Expenses $65,147

Other Expenses $46,448

TOTAL EXPENSES $73,519

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,447	$169,796	-0.5%
Expenses	$73,519	$68,939	+0.1%
Net Income	$9,928	$100,857	-0.9%

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

Total Directors

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven M Faber	Secretary	20.00	Director	$10,000	$0	$10,000
William O Wilkins	President & CEO	5.00	Director	$0	$0	$0
Gary Alkire	Vice President	5.00	Director	$0	$0	$0
Joseph P Sedzmak	Director	2.00	Director	$0	$0	$0
Ryan Barrett	Director	2.00	Director	$0	$0	$0
Gary Greenisen	Director	2.00	Director	$0	$0	$0
James Taus	Treasurer	5.00	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	$83,447	$73,519	$742,344	$9,928
2023	$169,796	$68,939	$731,195	$100,857
2022	$54,314	$76,713	$634,017	$-22,399
2021	$80,482	$81,953	$652,134	$-1,471
2020	$51,603	$63,087	$653,605	$-11,484

The Salem Worlds War Memorial Building Association