OUR WEST BAYFRONT INC (EIN 815307388) - 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

Phone

8148717050

Tax Period

2024-07-01 to 2025-06-30

OUR WEST BAYFRONT INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $550K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $611K exceeded revenue, resulting in a 11% operating deficit.

Mission

1. OUR WEST BAYFRONT'S MISSION IS TO ENHANCE THE QUALITY OF LIFE IN ERIE'S WEST BAYFRONT NEIGHBORHOODS BY PROMOTING CIVIC INVOLVEMENT, THOUGHTFUL DEVELOPMENT, HISTORICAL PRESERVATION, AND NEIGHBORHOOD PRIDE. OWB'S CORE ACTIVITIES INCLUDING IMPROVING HOUSING CONDITIONS BY ASSISTING PROPERTY OWNERS WITH REPAIRS, ELIMINATING BLIGHT, ENHANCING PUBLIC PARKS AND VACANT LOTS, IMPROVING SAFETY AND SECURITY, AND COORDINATING ACTIVITIES AND EVENTS THAT STRENGTHEN NEIGHBORHOOD RELATIONSHIPS.

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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 $487,022

Program Service Revenue $61,396

Investment Income $1,841

Other Revenue $0

TOTAL REVENUE $550,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $511,087

Other Expenses $611,096

TOTAL EXPENSES $611,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$550,259	$924,395	-0.4%
Expenses	$611,096	$745,995	-0.2%
Net Income	$-60,837	$178,400	-1.3%

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

185

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

$85,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CANDACE BATTLES	CHAIR	2.00	Officer Director	$0	$0	$0
LISA HEIDELBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC DALHSTRAND	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE JARUSZEWICZ	SECRETARY	2.00	Officer Director	$0	$0	$0
ERIKA RAMALHO	TREASURER	2.00	Officer Director	$0	$0	$0
CHARLES SCALISE	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES SHERROD	BOARD MEMBER	2.00	Director	$0	$0	$0
NICHOLAS TAYLOR	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON WIECZOREK	BOARD MEMBER	2.00	Director	$0	$0	$0
KATRINA VINCENT	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH KUMER	BOARD MEMBER	2.00	Director	$0	$0	$0
FLOYD MCCLURE	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JAY ALBERSTADT	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH EWING	BOARD MEMBER	2.00	Director	$0	$0	$0
GRETCHEN KERR	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$85,000

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	$550,259	$611,096	$2,032,811	$-60,837
2024	$924,395	$745,995	$2,215,750	$178,400
2023	$613,817	$615,133	$2,149,646	$-1,316
2022	$447,613	$422,677	$1,691,148	$24,936
2021	$1,126,486	$337,455	$1,744,560	$789,031
2020	$748,097	$270,857	$1,249,335	$477,240
2019	$228,887	$238,470	$212,299	$-9,583

OUR WEST BAYFRONT INC