COMSERV FOUNDATION FOUNDED BY WAYNE WILLIAMS (EIN 561717930) - 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

1990

Legal Domicile

Principal Officer

PAUL NORWOOD

Phone

8287570209

Tax Period

2023-07-01 to 2024-06-30

COMSERV FOUNDATION FOUNDED BY WAYNE WILLIAMS, founded in 1990, is a small nonprofit in the Human Services sector that reported $187K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $56K, a strong 30% operating margin.

Mission

TO ENHANCE THE LIVES OF HANDICAPPED PERSONS THROUGH THE SUPPORT AND SPONSORSHIP OF PROGRAMS DESIGNED TO PROMOTE COMMUNITY INTEGRATION AND LIVING ENVIRONMENTS. TO PROVIDE HOUSING, TRANSPORTATION AND OTHER SERVICES TO HANDICAPPED INDIVIDUALS IN BURKE, MCDOWELL AND CLEVELAND COUNTIES.

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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 $1,200

Program Service Revenue $149,200

Investment Income $36,897

Other Revenue $0

TOTAL REVENUE $187,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $131,779

Other Expenses $131,779

TOTAL EXPENSES $131,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,297	$456,524	-0.6%
Expenses	$131,779	$178,427	-0.3%
Net Income	$55,518	$278,097	-0.8%

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

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

$6,000

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA WARD	PRESIDENT	20.00	Officer Director	$6,000	$0	$6,000
MARILYN WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAWN KELLEY	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
PAUL NORWOOD	EXECUTIVE DIRECTOR	40.00	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
2025	No data	No data	No data	No data
2024	$187,297	$131,779	$1,817,820	$55,518
2023	$456,524	$178,427	$1,793,176	$278,097
2022	$184,003	$122,608	$1,620,568	$61,395
2021	$182,470	$143,233	$1,636,932	$39,237
2020	$186,833	$122,617	$1,651,633	$64,216
2019	$185,313	$123,642	$1,697,127	$61,671

COMSERV FOUNDATION FOUNDED BY WAYNE WILLIAMS