WAREHOUSE 505 (EIN 432089526) - 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

2005

Legal Domicile

Principal Officer

THIERRY GONZALEZ

Phone

5052962738

Tax Period

2023-01-01 to 2023-12-31

WAREHOUSE 505, founded in 2005, is a small nonprofit in the Youth Development sector that reported $578K in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $675K exceeded revenue, resulting in a 17% operating deficit.

Mission

WAREHOUSE 505 (FORMERLY NEW MEXICO XTREME SPORTS ASSN.) INVESTS IN ALBUQUERQUE'S YOUTH BY PROVIDING A PLACE TO LEARN AND DEVELOP SKILLS UNDER MENTORSHIP WITHIN THE CREATIVE ARTS AND INDIVIDUAL SPORTS.

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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 $478,363

Program Service Revenue $47,800

Investment Income $129

Other Revenue $51,342

TOTAL REVENUE $577,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $323,943

Fundraising Expenses $21,468

Program Expenses $578,317

Other Expenses $351,160

TOTAL EXPENSES $675,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$577,634	$304,167	+0.9%
Expenses	$675,103	$404,755	+0.7%
Net Income	$-97,469	$-100,588	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

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

$67,620

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUANE KINSLEY	DIRECTOR	2.00	Director	$0	$0	$0
SUSIE TALLMAN	DIRECTOR	2.00	Director	$0	$0	$0
DANIELLE WEED	DIRECTOR	2.00	Director	$0	$0	$0
SEAN WEED	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA HERNANDEZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK GORHAM	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SUE FISHER	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID CROSBY	TREASURER	2.00	Officer Director	$0	$0	$0
THIERRY GONZALEZ	EXECUTIVE DI	40.00	Officer	$59,025	$8,595	$67,620

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
2023	$577,634	$675,103	$264,236	$-97,469
2022	$304,167	$404,755	$191,894	$-100,588
2021	$339,812	$367,956	$61,606	$-28,144
2020	$270,197	$298,615	$53,019	$-28,418

WAREHOUSE 505