INNER WEST ST ASSOC INC

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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

1989

Legal Domicile

Principal Officer

JOSEPH DANEK

Phone

4105075371

Tax Period

2024-01-01 to 2024-12-31

INNER WEST ST ASSOC INC, founded in 1989, is a small nonprofit that reported $234K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $221K left a modest 6% surplus.

Mission

MANAGEMENT OF THE ANNAPOLIS ARTS ENTERTAINMENT DISTRICT, BRING BUSINESS CREATIVE SECTORS OF THE CITY TOGETHER TO ADVANCE COMMERCE AND CULTURE.

Program Service Accomplishments

Program 1

MANAGEMENT OF THE ANNAPOLIS ARTS ENTERTAINMENT DISTRICT, BRING BUSINESS CREATIVE SECTORS OF THE CITY TOGETHER TO ADVANCE COMMERCE AND CULTURE.

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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 $2,496

Program Service Revenue $231,358

Investment Income $410

Other Revenue $0

TOTAL REVENUE $234,264

Expense Breakdown

Grants Paid $5,350

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $215,626

TOTAL EXPENSES $220,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,264	$195,784	+0.2%
Expenses	$220,976	$166,222	+0.3%
Net Income	$13,288	$29,562	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODY DANEK	PRESIDENT	005.00	Officer Director	$0	$0	$0
KATHERINE BURKE	VICE PRESIDENT	005.00	Officer Director	$0	$0	$0
DON LAMB MINOR	SECRETARY	005.00	Officer 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	$234,264	$220,976	$312,367	$13,288