THE WESTERLY REVOLVING FUND INC (EIN 352465487) - 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

2013

Legal Domicile

Principal Officer

LOUIS W GINGERELLA JR

Phone

8604600930

Tax Period

2021-01-01 to 2021-12-31

THE WESTERLY REVOLVING FUND INC, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $263K in total revenue in fiscal year 2021. Revenue fell 476% from the prior year — a significant decline worth monitoring.

Mission

TO PRESERVE HISTORICAL HERITAGE OF WESTERLY AND STIMULATE COMMUNITY REVITALIZATION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $22,100

Program Service Revenue $0

Investment Income $-285,196

Other Revenue $0

TOTAL REVENUE $-263,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,312

TOTAL EXPENSES $2,312

Year-over-Year Comparison

	2021	2020	Change
Revenue	$-263,096	$69,900	-4.8%
Expenses	$2,312	$4,086	-0.4%
Net Income	$-265,408	$65,814	-5.0%

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
LOUIS W GINGERELLA JR	President	5.00	Officer Director	$0	$0	$0
MICHAEL J BEDDARD	Director	1.00	Officer Director	$0	$0	$0
MARCIA FELBER	Director	1.00	Director	$0	$0	$0
FAITH BESSETTE ZITO	Director	1.00	Officer Director	$0	$0	$0
ANTONIO GOODING	Director	1.00	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
2021	$-263,096	$2,312	$33,189	$-265,408
2020	$69,900	$4,086	$698,597	$65,814
2019	$96,050	$6,753	$541,441	$89,297
2018	$-26,621	$28,143	$143,486	$-54,764

THE WESTERLY REVOLVING FUND INC