ONEWEST CORPORATION

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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

EVON SMITH

Phone

5029075147

Tax Period

2024-01-01 to 2024-12-31

ONEWEST CORPORATION, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 127% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 24% operating deficit.

Mission

ONEWEST IS A NON-PROFIT CORPORATION THAT IS ESTABLISHING NEW PATHWAYS TO PRIVATE AND PUBLIC CAPITAL IN AN EFFORT TO GENERATE SUSTAINABLE ECONOMIC DEVELOPMENT AND NEIGHBORHOOD REVITALIZATION IN WEST LOUISVILLE IN PARTNERSHIP WITH COMMUNITY RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $850,237 Revenue: $151,495

THE ORGANIZATION AIMS TO STIMULATE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION IN WEST LOUISVILLE, WITH A PRIMARY FOCUS ON THE BUILT ENVIRONMENT. BY FOCUSING ON LAND USE, INFRASTRACTURE NEEDS, URBAN DESIGNS, AND AN OVERALL IMPROVED "SENSE OF PLACE", ONEWEST'S GOAL IS TO BRING A SHARED PROSPERITY BACK TO WEST LOUISVILLE, WHICH IN TURN LIFTS THE ENTIRE LOUISVILLE COMMUNITY.

Program 2

THE PLAN ROOM PROVIDES BLACK AND MINORITY BUSINESS OWNERS IN THE CONSTRUCTION INDUSTRY WITH TRAINING, MENTORSHIP, AND NETWORKING OPPORTUNITIES IN A DEDICATED SPACE IN THE WEST END COMMUNITY.

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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 $1,125,396

Program Service Revenue $91,495

Investment Income $0

Other Revenue $80,646

TOTAL REVENUE $1,297,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $746,284

Fundraising Expenses $105,475

Program Expenses $850,237

Other Expenses $858,901

TOTAL EXPENSES $1,605,185

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,297,537	$572,465	+1.3%
Expenses	$1,605,185	$1,555,822	+0.0%
Net Income	$-307,648	$-983,357	-0.7%

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

$224,533

Total Directors

$2,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVON J SMITH	PRESIDENT & CEO	40.00	Officer	$197,158	$27,375	$224,533
JOHN MCCARTHY	BOARD CHAIR	1.00	Director	$0	$0	$0
DARNELL MCCOY	SECRETARY	2.00	Director	$0	$0	$0
HOWARD HOLLOMAN	TREASURER	4.00	Director	$0	$0	$0
DREEMA JACKSON	DIRECTOR/COMMUNITY ENGAGEMENT COMMITTEE CHAIR	3.00	Director	$2,000	$0	$2,000
KEISHA DEONARINE	BOARD VICE CHAIR	1.00	Director	$0	$0	$0
BRIAN PHILLIPS	DIRECTOR/MARKETING & COMMUNICATION COMMITTEE CHAIR	1.00	Director	$0	$0	$0
MARILYN HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
JUDY SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
KHALILA SHARASIKA	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY HALBAUER	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS STRAUB	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN BREKKA	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE YATES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SNARDON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE POE	DIRECTOR	1.00	Director	$0	$0	$0
DONNA PURVIS	DIRECTOR - METRO COUNCIL D	1.00	Director	$0	$0	$0
DOUGLAS CRADDOCK JR	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SPRINGFIELD	DIRECTOR	1.00	Director	$0	$0	$0
TOM MURRO	DIRECTOR	1.00	Director	$0	$0	$0
MYRA ROCK	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA BURNEY	DIRECTOR	1.00	Director	$0	$0	$0
RICK SMITH SR	DIRECTOR	1.00	Director	$0	$0	$0
DIANE WHITLOCK	DIRECTOR	1.00	Director	$0	$0	$0
KAREN BOWIE	DIRECTOR	1.00	Director	$0	$0	$0
NIKKI LANIER	DIRECTOR	5.00	Director	$0	$0	$0
WANDA RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
ED KREBS	DIRECTOR/COMMERICAL DEVELOPMENT CHAIR	1.00	Director	$0	$0	$0
SHARITA BRANSFORD	DIRECTOR	1.00	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	$1,297,537	$1,605,185	$6,302,959	$-307,648
2023	$572,465	$1,555,822	$6,434,260	$-983,357
2022	$1,829,216	$1,412,435	$6,673,392	$416,781
2021	$2,151,196	$1,272,329	$6,312,243	$878,867
2020	$1,825,701	$891,173	$5,480,706	$934,528
2019	$3,001,603	$851,596	$5,081,057	$2,150,007
2018	$1,696,379	$411,507	$1,509,474	$1,284,872