Southeast Welding Center Inc

EIN: 473860162 501(c)(3) Employment

Washington, DC

Total Revenue
$534,539
Total Expenses
$624,829
Total Assets
$42,621
Net Assets
$42,621
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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
DC
Principal Officer
Delmus Nelson
Phone
2024238056
Tax Period
2024-01-01 to 2024-12-31

Southeast Welding Center Inc, founded in 2013, is a small nonprofit in the Employment sector that reported $535K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $625K exceeded revenue, resulting in a 17% operating deficit.

Mission

Opened welding school for low-income residents

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $534,539
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $534,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $624,829
Other Expenses $624,829
TOTAL EXPENSES $624,829

Year-over-Year Comparison

2024 2023 Change
Revenue $534,539 $629,469 -0.2%
Expenses $624,829 $675,243 -0.1%
Net Income $-90,290 $-45,774 +1.0%
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

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Governance

Voting Members
3
Independent Members
1
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Delmus Nelson Executive Director 40.00
Officer
$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 $534,539 $624,829 $42,621 $-90,290
2023 $629,469 $675,243 $47,669 $-45,774
2022 $618,517 $629,521 $43,258 $-11,004
2021 $425,395 $431,749 $54,262 $-6,354
2020 $385,756 $350,140 $60,616 $35,616
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