WESTERLY COURTS INC (EIN 611439766) - 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

2002

Legal Domicile

Principal Officer

Michael Dawson

Phone

4016676502

Tax Period

2024-07-01 to 2025-06-30

WESTERLY COURTS INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $135K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $191K exceeded revenue, resulting in a 42% operating deficit.

Mission

Westerly Courts, Inc. (Westerly) is organized for charitable purposes to provide physically and mentally impaired persons with low-income housing facilities and access to services which are specifically designed to meet their physical, social, and physiological needs and to promote their health, security, and happiness.

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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 $65,034

Program Service Revenue $41,571

Investment Income $141

Other Revenue $27,923

TOTAL REVENUE $134,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,818

Other Expenses $191,307

TOTAL EXPENSES $191,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,669	$146,023	-0.1%
Expenses	$191,307	$172,121	+0.1%
Net Income	$-56,638	$-26,098	+1.2%

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

$612,588

Total Directors

$612,588

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Henry Sachs III	President	1	Officer Director	$0	$49,367	$612,588
Scott DiChristofero	Former Officer	0		$0	$12,087	$188,030
Jay Burdick	Director	0.05	Director	$0	$0	$0
Nicole M Corbin	Secretary	0.05	Officer Director	$0	$0	$0
Michael Hogan	Director	0.05	Director	$0	$0	$0
Pamela S LaBreche	Vice Chair	0.1	Officer Director	$0	$0	$0
Robert Mancini	Chair	0.05	Officer Director	$0	$0	$0
Jospeh K Sabetta	Treasurer	0.05	Officer Director	$0	$0	$0
David White	Director	0.1	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	$134,669	$191,307	$1,255,086	$-56,638
2024	$146,023	$172,121	$1,302,775	$-26,098
2023	$148,546	$188,259	$1,325,218	$-39,713
2022	$143,778	$163,170	$1,414,330	$-19,392
2021	$148,911	$172,370	$1,424,800	$-23,459
2020	$151,108	$178,210	$1,474,128	$-27,102
2019	$145,943	$169,456	$1,519,771	$-23,513
2018	$151,057	$164,301	$1,556,388	$-13,244

WESTERLY COURTS INC