WEST SIDE PARKING CORPORATION

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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

Principal Officer

AMY WOJCIECHOWSKI

Phone

3127382811

Tax Period

2024-01-01 to 2024-12-31

WEST SIDE PARKING CORPORATION, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $305K in total revenue in fiscal year 2024. Expenses of $528K exceeded revenue, resulting in a 73% operating deficit.

Mission

TO MANAGE AND HOLD REAL ESTATE.

Program Service Accomplishments

Program 1

TO MANAGE AND HOLD REAL ESTATE FOR THE PARENT WEST SIDE REALTY CORPORATION THAT IS WHOLLY OWNED BY LOCAL 705 I.B. OF T. PENSION FUND.

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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 $0

Program Service Revenue $298,799

Investment Income $0

Other Revenue $6,095

TOTAL REVENUE $304,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,300

Fundraising Expenses $0

Other Expenses $527,144

TOTAL EXPENSES $528,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$304,894	$314,262	0.0%
Expenses	$528,444	$521,128	+0.0%
Net Income	$-223,550	$-206,866	+0.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM W GIANARAS	DIRECTOR	0.10	Director	$0	$0	$0
DAN THOMAS	TREASURER	0.10	Director	$0	$0	$0
MATTHEW WILIM	DIRECTOR	0.10	Director	$0	$0	$0
JOSEPH M BAKES	PRESIDENT	0.10	Director	$0	$0	$0
JUAN C CAMPOS	DIRECTOR	0.10	Director	$0	$0	$0
GREGORY R FOSTER	DIRECTOR	0.10	Director	$0	$0	$0
KENNETH J EMANUELSON	DIRECTOR	0.10	Director	$0	$0	$0
DUANE MATTINGLY	DIRECTOR	0.10	Director	$0	$0	$0
PATRICK FORAN	CHIEF OPERATING ENGINEER	0.40	Highest	$0	$30,322	$166,412
DANIEL S KRILL	PAINTER	0.40	Highest	$0	$60,000	$177,840
CHRISTOPHER M WEBER	OPERATING ENGINEER	0.40	Highest	$0	$30,770	$142,306
AMY WOJCIECHOWSKI	SECRETARY	0.10	Highest	$0	$64,041	$222,036
JACK WITT	FORMER SECRETARY	0.10		$0	$57,438	$161,714

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	$304,894	$528,444	$11,102,717	$-223,550
2023	$314,262	$521,128	$11,130,292	$-206,866
2022	$410,262	$584,636	$11,926,517	$-174,374
2021	$376,993	$435,945	$11,972,485	$-58,952