WP SUPPORT CORPORATION (EIN 813342423) - 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

BERNABY M EVANS

Phone

4012731155

Tax Period

2024-01-01 to 2024-12-31

WP SUPPORT CORPORATION, founded in 2016, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $378 in total revenue in fiscal year 2024. Revenue fell 122% from the prior year — a significant decline worth monitoring.

Mission

TO EXCLUSIVELY RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF WATERFIRE PROVIDENCE,(EIN 22-2951612), A RHODE ISLAND NONPROFIT CORPORATION OPERATING FOR EXEMPT PURPOSES UNDER SECTION 501(C)3 OF THE TAX CODE.

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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 $-400

Other Revenue $22

TOTAL REVENUE $-378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,374

Other Expenses $1,374

TOTAL EXPENSES $1,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-378	$1,750	-1.2%
Expenses	$1,374	$13,664	-0.9%
Net Income	$-1,752	$-11,914	-0.9%

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

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

$278,384

Total Directors

$278,384

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE VALENTINI	PRESIDENT	2.00	Officer Director	$0	$0	$0
PETER A MELLO	TREASUTER	2.00	Officer Director	$0	$11,065	$145,627
BARNABY EVANS	SECRETARY	2.00	Officer Director	$0	$0	$132,757
ROGER BERGENHEIM	BOARD MEMBER	2.00	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
2024	$-378	$1,374	$3,418	$-1,752
2023	$1,750	$13,664	$5,170	$-11,914
2022	$21,000	$8,276	$21,782	$12,724
2021	$21,685	$20,839	$34,512	$846
2020	$22,474	$23,230	$47,907	$-756
2019	$30,153	$23,183	$54,057	$6,970

WP SUPPORT CORPORATION