Westside Terrace Inc (EIN 460635598) - 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

2013

Legal Domicile

Principal Officer

Tara Goodman

Phone

9186876301

Tax Period

2025-01-01 to 2025-12-31

Westside Terrace Inc, founded in 2013, is a micro nonprofit in the Housing & Shelter sector that reported $51K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $97K exceeded revenue, resulting in a 90% operating deficit.

Mission

To provide elderly housing financed through the Section 202 program by the Department of Housing and Urban Development.

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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 (2025)

Revenue Breakdown

Contributions & Grants $12,453

Program Service Revenue $32,126

Investment Income $228

Other Revenue $6,276

TOTAL REVENUE $51,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,066

Fundraising Expenses $0

Program Expenses $83,286

Other Expenses $88,824

TOTAL EXPENSES $96,890

Year-over-Year Comparison

	2025	2024	Change
Revenue	$51,083	$54,551	-0.1%
Expenses	$96,890	$90,497	+0.1%
Net Income	$-45,807	$-35,946	+0.3%

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

$103,317

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tara Goodman	Managing Agent	1.00	Officer	$0	$0	$103,317
Bonito Gay	Chair	0.25	Officer	$0	$0	$0
Michelle Farris	Vice Chair	0.25	Officer	$0	$0	$0
Alice Smith	Member	0.25	Director	$0	$0	$0
Heather Martin	Member	0.25	Director	$0	$0	$0
Martin Bebb	Member	0.25	Director	$0	$0	$0
Karen Cox	Member	0.25	Director	$0	$0	$0
Melissa Martin	Member	0.25	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
2025	$51,083	$96,890	$1,166,034	$-45,807
2024	$54,551	$90,497	$1,197,949	$-35,946
2023	$43,788	$85,257	$1,224,531	$-41,469
2022	$40,700	$89,307	$1,251,474	$-48,607
2021	$40,783	$76,161	$1,278,189	$-35,378
2020	$41,121	$73,531	$1,304,460	$-32,410

Westside Terrace Inc