WHITING ENTERTAINMENT CENTER INC (EIN 811514126) - 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

2016

Principal Officer

STEVE SPEBAR

Phone

2196597700

Tax Period

2023-01-01 to 2023-12-31

WHITING ENTERTAINMENT CENTER INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $945K in total revenue in fiscal year 2023. Revenue surged 2198% from the prior year, signaling strong growth momentum. The organization ran a surplus of $923K, a strong 98% operating margin.

Mission

THE CORPORATION IS A PUBLIC BENEFIT CORPORATION, ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING BUT NOT LIMITED TO PROVIDING FINANCIAL SUPPORT TO OTHER ORGANIZATIONS EXEMPT UNDER IRC SECTION 501(C) BY (I) SOLICITING, RECEIVING, HOLDING, INVESTING, ADMINISTERING, AND DISTRIBUTING FUNDS IN FURTHERANCE OF ITHE CHARITABLE MISSION, AND (I) PERPETUATING ITS MISSION AND PURPOSE IN THE EVENT OF DISSOLUTION BY DISTRIBUTING ANY AND ALL ASSETS TO A SUCCESSOR ORGANIZATION SIMILARLY DEDICATED.

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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 $946,991

Program Service Revenue $0

Investment Income $755

Other Revenue $-2,984

TOTAL REVENUE $944,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $21,676

TOTAL EXPENSES $21,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$944,762	$41,112	+22.0%
Expenses	$21,676	$114,586	-0.8%
Net Income	$923,086	$-73,474	-13.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RAYMOND	DIRECTOR	0.00	Director	$0	$0	$0
AL SPAJER	SECRETARY	8.00	Officer	$0	$0	$0
STEVE SPEBAR	CHAIRMAN	2.00	Officer	$0	$0	$0
DONNA CAFFERATA	DIRECTOR	1.00	Director	$0	$0	$0
KENNY KUSBEL	DIRECTOR	10.00	Director	$0	$0	$0
JOSEPH GIACALONE	DIRECTOR	20.00	Director	$0	$0	$0
JOSEPH SHIMALA	TREASURER	40.00	Officer	$0	$0	$0
THOMAS HANSON	DIRECTOR	10.00	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	No data	No data	No data	No data
2023	$944,762	$21,676	$146,011	$923,086
2022	$41,112	$114,586	$99,599	$-73,474
2021	$629,035	$169,946	$173,073	$459,089
2020	$46,807	$137,352	$3,834,532	$-90,545
2019	$267,970	$317,263	$3,822,762	$-49,293
2018	$175,990	$1,266,828	$3,347,912	$-1,090,838

WHITING ENTERTAINMENT CENTER INC