WPDA INC

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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

2014

Legal Domicile

Principal Officer

ROBERT E LEAK JR

Phone

3367238955

Tax Period

2024-01-01 to 2024-12-31

WPDA INC, founded in 2014, is a micro nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 497% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION SEEKS TO FOSTER MEANINGFUL JOB GROWTH, LESSEN THE BURDENS OF THE GOVERNMENTS OF WINSTON-SALEM AND FORSYTH COUNTY BY PREVENTING ECONOMIC DETERIORATION OF AN AT-RISK AREA, AND SUPPORT THE MISSION OF LOCAL EDUCATIONAL INSTITUTIONS BY PROVIDING ACCESS TO EDUCATION AND RESEARCH FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $685,442 Revenue: $388,131

ACQUIRE CERTAIN LAND, BUILDINGS AND IMPROVEMENTS IN THE WHITAKER PARK FORMER TOBACCO MANUFACTURING FACILITY AND CERTAIN SURROUNDING PROPERTIES AND TO REUSE AND REDEVELOP SUCH PROPERTY TO INCLUDE...

ACQUIRE CERTAIN LAND, BUILDINGS AND IMPROVEMENTS IN THE WHITAKER PARK FORMER TOBACCO MANUFACTURING FACILITY AND CERTAIN SURROUNDING PROPERTIES AND TO REUSE AND REDEVELOP SUCH PROPERTY TO INCLUDE RESEARCH AND LABORATORY SPACE, FACILITIES FOR ADVANCED MANUFACTURING, DISTRIBUTION AND EDUCATION AND MULTI-FAMILY RESIDENTIAL AND OTHER COMPONENTS.

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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 $388,131

Investment Income $-2,364,876

Other Revenue $0

TOTAL REVENUE $-1,976,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,000

Fundraising Expenses $0

Program Expenses $685,442

Other Expenses $714,298

TOTAL EXPENSES $834,298

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-1,976,745	$497,569	-5.0%
Expenses	$834,298	$1,566,859	-0.5%
Net Income	$-2,811,043	$-1,069,290	+1.6%

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD E FLOW	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DENISE D ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
JOE BUDD	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY FLYTHE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
J ALLEN JOINES	DIRECTOR	1.00	Director	$0	$0	$0
STAN KELLY	DIRECTOR	1.00	Director	$0	$0	$0
DR DONALD MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SEWELL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CURRIE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WHITAKER JR	DIRECTOR	1.00	Director	$0	$0	$0
G WILLIAM JOYNER III	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE A TRAVISANO	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN R BERLIN ESQ	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
ROBERT E LEAK JR	PRESIDENT	40.00	Officer	$120,000	$0	$120,000

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	$-1,976,745	$834,298	$12,948,496	$-2,811,043
2023	$497,569	$1,566,859	$15,304,853	$-1,069,290
2022	$83,719	$1,879,114	$16,592,896	$-1,795,395
2021	$-4,636,789	$1,574,273	$18,733,846	$-6,211,062
2019	$-188,919	$821,070	$30,425,566	$-1,009,989
2018	$-18,189,822	$657,982	$32,921,251	$-18,847,804