WASHINGTON AREA COMMUNITY CENTER I… - Form 990 Financial Data

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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

1997

Legal Domicile

Phone

3094448222

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON AREA COMMUNITY CENTER INC, founded in 1997, is a community nonprofit in the Recreation & Sports sector that reported $3.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.5M exceeded revenue, resulting in a 24% operating deficit.

Mission

OPERATE A PUBLIC COMMUNITY CENTER, KNOWN AS FIVE POINTS WASHINGTON, FOR SPORTS, RECREATION, CIVIC, EDUCATIONAL AND CULTURAL ACTIVITIES IN AND AROUND THE WASHINGTON, ILLINOIS AREA.

Program Service Accomplishments

Program 1

Expenses: $4,491,453 Revenue: $3,317,071

COMMUNITY CENTER PROVIDING FACILITIES AND RECREATIONAL ACTIVITIES TO MEMBERS AND THE COMMUNITY AT LARGE.

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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 $180,435

Program Service Revenue $3,317,071

Investment Income $48,787

Other Revenue $81,795

TOTAL REVENUE $3,628,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,772

Fundraising Expenses $0

Program Expenses $4,491,453

Other Expenses $4,324,250

TOTAL EXPENSES $4,503,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,628,088	$3,321,353	+0.1%
Expenses	$4,503,022	$4,177,741	+0.1%
Net Income	$-874,934	$-856,388	+0.0%

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

263

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

$178,772

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKIE POORMAN	CEO	40.00	Officer	$154,068	$24,704	$178,772
ERIC JOHANNSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
STACY SMITH	Secretary	2.00	Officer Director	$0	$0	$0
NICOLE MILLER	President	5.00	Officer Director	$0	$0	$0
DUSTIN ESSIG	Board Member	2.00	Director	$0	$0	$0
BRITTANY MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
ROB QUIN	Treasurer	2.00	Officer Director	$0	$0	$0
STEVE BROWN	Vice President	2.00	Officer Director	$0	$0	$0
JENNIFER ESSIG	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE BROWNFIELD	BOARD MEMBER	2.00	Director	$0	$0	$0
BRICE HAHN	BOARD MEMBER	2.00	Director	$0	$0	$0
NICK GOODIN	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	$3,628,088	$4,503,022	$14,518,391	$-874,934
2023	$3,321,353	$4,177,741	$15,760,161	$-856,388
2022	$3,227,319	$3,965,688	$16,164,242	$-738,369
2021	$3,867,978	$3,524,700	$16,748,598	$343,278
2020	$2,642,484	$3,367,045	$16,422,169	$-724,561
2019	$3,384,870	$3,851,576	$17,254,739	$-466,706
2018	$3,349,522	$3,614,945	$17,732,902	$-265,423

WASHINGTON AREA COMMUNITY CENTER INC