WATT AVENUE PARTNERSHIP

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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

2015

Legal Domicile

Principal Officer

JHASON WINT

Phone

9164955599

Tax Period

2023-01-01 to 2023-12-31

WATT AVENUE PARTNERSHIP, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $723K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $670K left a modest 7% surplus.

Mission

A COALITION OF PROPERTY AND BUSINESS OWNERS APPROVED AND FORMED THE WATT AVENUE BUSINESS IMPROVEMENT DISTRICT (PBID) TO PROVIDE SERVICES THAT SPECIALLY BENEFIT PARCELS IN THE BUSINESS DISTRICT OF THE WATT AVENUE CORRIDOR. THE PURPOSE OF THE PBID IS TO PROVIDE SERVICES AND ACTIVITIES THROUGH CLEAN, SAFE AND ECONOMIC ENHANCEMENTS THAT ARE ABOVE AND BEYOND WHAT THE CITY AND COUNTY CURRENTLY PROVIDES. THE WATT AVENUE PARTNERSHIP (PARTNERSHIP) IS DESIGNED TO IMPROVE THE CLEANLINESS AND SAFETY OF EACH INDIVIDUAL PARCEL WITHIN THE DISTRICT, TO INCREASE BUILDING OCCUPANCY AND LEASE RATES, TO ENCOURAGE NEW BUSINESS DEVELOPMENT AND ATTRACT ANCILLARY BUSINESSES AND SERVICES FOR PARCELS WITHIN THE DISTRICT.

Program Service Accomplishments

Program 1

ENHANCED MAINTENANCE AND SECURITY: AN ENHANCED MAINTENANCE AND SECURITY PROGRAM, BUILDING UPON EXISTING PUBLIC SERVICES, IS THE PRIMARY FOCUS OF THE PBID. THE ENHANCED MAINTENANCE PROGRAM (UPGRADED TO A TOTAL OF 4 DAYS) INCLUDES GRAFFITI REMOVAL, REGULAR LITTER PICKUP, AND STREET SWEEPING. THE ENHANCED SECURITY PROGRAM INCLUDES 7-DAYS A WEEK/24 HOURS OF UPGRADED PATROL SERVICES.

Program 2

AS PART OF THIS PROGRAM THE 80 WATT DISTRICT REPRESENTS THE DISTRICT'S BEST INTERESTS AT LOCAL GOVERNMENT AGENCIES, AND PROMOTES THE AREA AS A DESIRABLE PLACE TO LIVE, WORK, AND DO BUSINESS. IN 2019, PBID STAFF REPRESENTED THE DISTRICT IN FRONT OF PUBLIC BODIES AND ON SUPPORTING COALITIONS. ADVOCACY INCLUDED EFFORTS TO SECURE ADDITIONAL FUNDING FOR THE AREA, WORK TO EXPEDITE PERMIT AND DEVELOPMENT PROJECTS BENEFICIAL TO THE DISTRICT, ADDITIONAL SECURITY PRESENCE, LIGHTING, C.P.T.E.D. (CRIME PREVENTION THROUGH ENVIRONMENTAL DESIGN) AND OTHER SERVICES ARE VITAL TO THE WELL-BEING OF THE DISTRICT.

Program 3

OUR 'SHINE BRIGHT' CAMPAIGN INCREASED LIGHTING WITHIN LOCAL/PUBLIC AREAS FOR SAFETY AND SECURITY AND LIGHTING UPGRADES WERE CONTINUED.

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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 $125,000

Program Service Revenue $591,517

Investment Income $6,204

Other Revenue $0

TOTAL REVENUE $722,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,544

Fundraising Expenses $0

Other Expenses $529,505

TOTAL EXPENSES $670,049

Year-over-Year Comparison

	2023	2022	Change
Revenue	$722,721	$597,117	+0.2%
Expenses	$670,049	$473,656	+0.4%
Net Income	$52,672	$123,461	-0.6%

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

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

$128,597

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRENA ELLIS	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID KUHNEN	TREASURER/VICE CHAIR	1.00	Officer Director	$0	$0	$0
VANESSA MCCARTHY-OLMSTEAD	SECRETARY	1.00	Officer Director	$0	$0	$0
TINA DOVER	DIRECTOR	1.00	Director	$0	$0	$0
JON NIDIFFER	DIRECTOR	1.00	Director	$0	$0	$0
JHASON WINT	EXECUTIVE DIRECTOR	40.00	Officer	$113,850	$14,747	$128,597

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	$722,721	$670,049	$460,560	$52,672
2022	$597,117	$473,656	$411,645	$123,461
2021	$583,297	$518,130	$284,883	$65,167
2020	$470,081	$506,414	$219,226	$-36,333
2019	$464,281	$421,570	$255,559	$42,711
2018	$474,778	$423,504	$212,848	$51,274