WILMINGTON HEAD START INC (EIN 510276298) - 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

1996

Legal Domicile

Principal Officer

LAMONT ALLEN

Phone

3024213620

Tax Period

2022-03-01 to 2023-02-28

WILMINGTON HEAD START INC, founded in 1996, is a community nonprofit in the Unknown sector that reported $4.8M in total revenue in fiscal year 2022.

Mission

PROVIDE PRE-SCHOOL CHILDREN OF LOW INCOME FAMILIES WITH A COMPREHENSIVE DEVELOPMENTAL PROGRAM TO MEET THEIR EMOTIONAL, SOCIAL, HEALTH, NUTRITIONAL, AND PSYCHOLOGICAL NEEDS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,448,595

Program Service Revenue $396,218

Investment Income $308

Other Revenue $612

TOTAL REVENUE $4,845,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,694,222

Fundraising Expenses $0

Program Expenses $4,316,912

Other Expenses $1,330,176

TOTAL EXPENSES $5,024,398

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,845,733	$4,777,858	+0.0%
Expenses	$5,024,398	$4,745,921	+0.1%
Net Income	$-178,665	$31,937	-6.6%

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

$82,130

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES KNOTHE ESQ	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
JOHN MCMENAMIN	TREASURER	2.00	Officer Director	$0	$0	$0
CARLOS DIPRES	BOARD MEMBER	2.00	Director	$0	$0	$0
KAREEM GRANT	POLICY COUNCIL LIAISON	2.00	Director	$0	$0	$0
BRENDA BYERS COLLINS ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
LINDA WHITEHEAD	BOARD MEMBER	2.00	Director	$0	$0	$0
SHARIESE MOORE	EXECUTIVE DIRECTOR	40.00	Officer	$81,090	$1,040	$82,130

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
2023	$4,845,733	$5,024,398	$2,524,794	$-178,665
2022	$4,777,858	$4,745,921	$1,904,425	$31,937
2021	$4,607,695	$4,549,055	$1,893,823	$58,640
2020	$5,104,162	$4,994,897	$1,848,609	$109,265
2019	$4,763,876	$4,723,583	$1,642,766	$40,293

WILMINGTON HEAD START INC