WATSON ECONOMIC DEVELOPMENT ASSOCIATES INC (EIN 812701014) - 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

Legal Domicile

Principal Officer

STEVEN WATSON

Phone

2026845274

Tax Period

2024-01-01 to 2024-12-31

WATSON ECONOMIC DEVELOPMENT ASSOCIATES INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $156K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $176K exceeded revenue, resulting in a 13% operating deficit.

Mission

Enhance the standrd of livng; provide jobs & resorcs; retain, attrct & expnd small busines opptunites; stimulte the local econmy thru neighborhood

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $155,857

TOTAL REVENUE $155,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $175,529

Other Expenses $175,529

TOTAL EXPENSES $175,529

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,857	$192,282	-0.2%
Expenses	$175,529	$192,282	-0.1%
Net Income	$-19,672	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNOR AHLBORN	SECRETARY	2	Key Emp	$0	$0	$0
RYAN WATSON	VICE PRESIDENT	2	Key Emp	$0	$0	$0
LATONYA WATSON	ACCOUNT/FINANCE MANAGER	2	Key Emp	$0	$0	$0
STEVEN WATSON	CEO	2	Key Emp	$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	$155,857	$175,529	$716,420	$-19,672
2023	$192,282	$192,282	$742,853	No data
2022	$128,660	$128,660	$726,903	No data
2021	$101,528	$28,463	$309,065	$73,065
2020	$20,652	$20,652	No data	No data
2019	$39,153	$39,153	No data	No data

WATSON ECONOMIC DEVELOPMENT ASSOCIATES INC