CITY OF WASHINGTON CITYWIDE DEVELO… - 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

2012

Legal Domicile

Principal Officer

SCOTT PUTNAM

Phone

4126603283

Tax Period

2023-01-01 to 2023-12-31

CITY OF WASHINGTON CITYWIDE DEVELOPMENT CORPORATION, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $560K in total revenue in fiscal year 2023. Revenue surged 1540% from the prior year, signaling strong growth momentum. The organization ran a surplus of $483K, a strong 86% operating margin.

Mission

TO PROMOTE ECONOMIC GROWTH, NEIGHBORHOOD REVITALIZATION, THE CREATION OF EMPLOYMENT OPPORTUNITIES, AND THE ENHANCEMENT OF THE QUALITY OF LIFE IN THE WASHINGTON AREA.

Program Service Accomplishments

Program 1

Expenses: $74,796 Revenue: $7,200

TO DEVELOP AND IMPLEMENT PROGRAMS THAT WILL COORDINATE WITH ESTABLISHED PROGRAMS FOR ECONOMIC REVITALIZATION AND QUALITY OF LIFE.

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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 $553,227

Program Service Revenue $7,200

Investment Income $0

Other Revenue $0

TOTAL REVENUE $560,427

Expense Breakdown

Grants Paid $49,106

Salaries & Benefits $0

Fundraising Expenses $1,192

Program Expenses $74,796

Other Expenses $28,453

TOTAL EXPENSES $77,559

Year-over-Year Comparison

	2023	2022	Change
Revenue	$560,427	$34,174	+15.4%
Expenses	$77,559	$53,504	+0.4%
Net Income	$482,868	$-19,330	-26.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT PUTNAM	PRESIDENT	1.00	Director	$0	$0	$0
RICHARD BECK	MEMBER	1.00	Director	$0	$0	$0
RICHARD MANCINI	MEMBER	1.00	Director	$0	$0	$0
LORI MESTA	MEMBER	1.00	Director	$0	$0	$0
ROBB HOLLOWAY	MEMBER	1.00	Director	$0	$0	$0
SANDY SAMPLES	MEMBER	1.00	Director	$0	$0	$0
KEN WESTCOTT	MEMBER	1.00	Director	$0	$0	$0
CHRISTY BEAN ROWING	EXECUTIVE DI	10.00	Officer 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	No data	No data	No data	No data
2023	$560,427	$77,559	$582,303	$482,868

CITY OF WASHINGTON CITYWIDE DEVELOPMENT CORPORATION