WEST ADAMS INC

EIN: 821699587 501(c)(3) Education

West Hollywood, CA

Total Revenue
$452,725
Total Expenses
$145,192
Total Assets
$3,374,310
Net Assets
$1,024,126
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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
2017
Legal Domicile
CA
Principal Officer
ANDRE GAINES
Phone
3106211803
Tax Period
2023-01-01 to 2023-12-31

WEST ADAMS INC, founded in 2017, is a small nonprofit in the Education sector that reported $453K in total revenue in fiscal year 2023. The organization ran a surplus of $308K, a strong 68% operating margin.

Mission

WEST ADAMS FOUNDATION IS DEDICATED TO EMPOWERING COMMUNITIES THROUGH CULTURE DRIVEN ECONOMIC GROWTH BY FOSTERING SUSTAINABLE BUSINESS DEVELOPMENT AND ENTREPRENEURSHIP IN UNDERSERVED AREAS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $452,725
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $452,725

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $145,192
TOTAL EXPENSES $145,192

Year-over-Year Comparison

2023 2022 Change
Revenue $452,725 $425,685 +0.1%
Expenses $145,192 $123,274 +0.2%
Net Income $307,533 $302,411 +0.0%
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

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Governance

Voting Members
2
Independent Members
2
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDRE GAINES DIRECTOR 20.00
Director
$0 $0 $0
LAUREN GAINES SECRETARY 2.00
Officer
$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
2023 $452,725 $145,192 $3,374,310 $307,533
2022 $425,685 $123,274 $3,460,962 $302,411
2021 $1,201,780 $133,024 $6,939,449 $1,068,756
2021 $1,201,780 $140,716 $4,388,278 $1,061,064
2019 $65,000 No data $882,609 No data
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