WESTLAKE ALUMNI ASSOCIATION INC (EIN 341680167) - 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

1990

Legal Domicile

Principal Officer

Jim Leitch

Phone

2167891260

Tax Period

2023-07-01 to 2024-06-30

WESTLAKE ALUMNI ASSOCIATION INC, founded in 1990, is a micro nonprofit in the Education sector that reported $32K in total revenue in fiscal year 2023. Revenue surged 338% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5K, a strong 17% operating margin.

Mission

Improve the educational process of current students thru alumni support. Raise funds for scholarships for graduating seniors. Recognize the outstanding achievements of Westlake High School graduates, teachers and administrators. Connect graduates to each other and to their alma mater.

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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 $31,363

Program Service Revenue $0

Investment Income $811

Other Revenue $0

TOTAL REVENUE $32,174

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,843

Other Expenses $22,322

TOTAL EXPENSES $26,822

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,174	$7,351	+3.4%
Expenses	$26,822	$7,723	+2.5%
Net Income	$5,352	$-372	-15.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Leitch	President	4	Director	$0	$0	$0
Mike Antonyzyn	Vice President	2	Director	$0	$0	$0
Mary Beth Schneidler	Secretary	2	Director	$0	$0	$0
Jeff Chase	Treasurer	2	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
2025	No data	No data	No data	No data
2024	$32,174	$26,822	$26,346	$5,352
2023	$7,351	$7,723	$20,994	$-372

WESTLAKE ALUMNI ASSOCIATION INC