WHEATFIELD LOCAL DEVELOPMENT CORPORATION (EIN 813636881) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

VICTOR MONTALBO

Phone

7164818164

Tax Period

2020-01-01 to 2020-12-31

WHEATFIELD LOCAL DEVELOPMENT CORPORATION, founded in 2014, is a micro nonprofit in the Community Improvement sector that reported $13K in total revenue in fiscal year 2020. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $15K exceeded revenue, resulting in a 14% operating deficit.

Mission

PLANNING AND IMPLEMENTATION OF PROGRAMS TO RELIEVE AND REDUCE UNEMPLOYMENT, PROMOTE AND PROVIDE FOR ADDITIONAL AND MAXIMUM EMPLOYMENT, IMPROVE AND MAINTAIN JOB OPPORTUNITIES IN THE TOWN OF WHEATFIELD, NEW YORK AND REDUCE THE BURDEN OF GOVERNMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $10,170

Program Service Revenue $0

Investment Income $2,682

Other Revenue $0

TOTAL REVENUE $12,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,495

Other Expenses $14,653

TOTAL EXPENSES $14,653

Year-over-Year Comparison

	2020	2019	Change
Revenue	$12,852	$268,253	-1.0%
Expenses	$14,653	$194,905	-0.9%
Net Income	$-1,801	$73,348	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM WAGNER	CHAIRMAN	0.50	Officer Director	$0	$0	$0
VICTOR MONTALBO	TREASURER	0.50	Officer Director	$0	$0	$0
ROBERT CLIFFE	SECRETARY	0.50	Officer Director	$0	$0	$0
LARRY HELWIG	TRUSTEE	0.25	Director	$0	$0	$0
DON MCSWAN	TRUSTEE	0.25	Director	$0	$0	$0
DAWN GILLIAM	TRUSTEE	0.25	Director	$0	$0	$0
RICHARD MUSCATELLO	TRUSTEE	0.25	Director	$0	$0	$0
RICHARD TORCASIO	TRUSTEE	0.25	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
2020	$12,852	$14,653	$102,563	$-1,801
2019	$268,253	$194,905	$112,661	$73,348

WHEATFIELD LOCAL DEVELOPMENT CORPORATION