WHEELING FORWARD INC (EIN 454045474) - 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

2011

Legal Domicile

Principal Officer

ALEXANDER ELEGUDIN

Phone

7187576906

Tax Period

2023-01-01 to 2023-12-31

WHEELING FORWARD INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $202K in total revenue in fiscal year 2023. Expenses of $252K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE GUIDANCE AND RESOURCES TO DISABLED INDIVIDUALS WITH A FOCUS ON EDUCATIONAL ATTAINMENT, EMPLOYMENT PROCUREMENT, HEALTH AND WELLNESS, COMMUNICY INTEGRATION, RECREATION, HOUSING ACQUISITION, AND PERSONAL FULFILLMENT.

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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 $156,284

Program Service Revenue $6,645

Investment Income $0

Other Revenue $39,307

TOTAL REVENUE $202,236

Expense Breakdown

Grants Paid $4,877

Salaries & Benefits $27,687

Fundraising Expenses $11,478

Program Expenses $179,488

Other Expenses $219,251

TOTAL EXPENSES $251,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,236	$200,552	+0.0%
Expenses	$251,815	$216,180	+0.2%
Net Income	$-49,579	$-15,628	+2.2%

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

N/A

Employees

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

$24,000

Total Directors

$42,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER ELEGUDIN	PRESIDENT	5.00	Officer Director	$18,000	$0	$18,000
SHARIFA ABU-HAMDA	TREASURER	10.00	Officer Director	$6,000	$0	$6,000
LAWRENCE HARDING	DIRECTOR	5.00	Director	$18,000	$0	$18,000

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	No data	No data	No data	No data
2023	$202,236	$251,815	$235,206	$-49,579
2022	$200,552	$216,180	$297,251	$-15,628
2021	$162,820	$290,202	$150,061	$-127,382
2020	$367,988	$389,974	$338,615	$-21,986
2020	$367,988	$383,442	$336,090	$-15,454
2019	$902,408	$902,143	$219,547	$265
2019	$813,058	$883,969	$225,100	$-70,911
2018	$701,732	$838,611	$245,661	$-136,879
2018	$698,232	$833,986	$198,974	$-135,754
2017	$812,117	$846,059	$306,963	$-33,942

WHEELING FORWARD INC