WEST END ASSOCIATION (EIN 752047286) - 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

1985

Legal Domicile

Principal Officer

PHILLIP HONORE

Phone

8332973300

Tax Period

2022-01-01 to 2022-12-31

WEST END ASSOCIATION, founded in 1985, is a small nonprofit that reported $387K in total revenue in fiscal year 2022. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $347K left a modest 10% surplus.

Mission

THE WEST END ASSOCIATION FOSTERS, PROMOTES, MAINTAINS, AND ENCOURAGES THE CIVIC, SOCIAL, COMMERCIAL AND INDUSTRIAL WELFARE OF THE WEST END HISTORIC DISTRICT THROUGH COOPERATION AMONG PROPERTY OWNERS AND TENANTS, PROGRAMMING AND MANAGEMENT OF SPECIAL EVENTS AND ONGOING SERVICES WHICH ENHANCE THE DESIRABILITY OF THE WEST END HISTORIC DISTRICT TO THE GENERAL PUBLIC.

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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 $166,094

Program Service Revenue $253,012

Investment Income $4

Other Revenue $-32,515

TOTAL REVENUE $386,595

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $135,407

Fundraising Expenses $0

Program Expenses $347,394

Other Expenses $210,487

TOTAL EXPENSES $347,394

Year-over-Year Comparison

	2022	2021	Change
Revenue	$386,595	$309,951	+0.2%
Expenses	$347,394	$353,253	0.0%
Net Income	$39,201	$-43,302	-1.9%

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

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

Total Directors

$125,520

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP HONORE'	EXECUTIVE DIRECTOR	40.00	Director	$125,520	$0	$125,520
BURSON HOLMAN	CHAIRMAN/PRESIDENT	3.00	Officer	$0	$0	$0
LAETITIA SHERMAN	VICE PRESIDENT	0.50	Officer	$0	$0	$0
JOSH PIRTLE	TREASURER	0.50	Officer	$0	$0	$0
JENNY COUNTS	SECRETARY	0.75	Officer	$0	$0	$0
KEVIN BERNAUER	OFFICER	0.50	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
2022	$386,595	$347,394	$81,833	$39,201
2021	$309,951	$353,253	$66,041	$-43,302
2020	$245,515	$255,327	$102,975	$-9,812

WEST END ASSOCIATION