WEST ADAMS INC

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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

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

Program Service Accomplishments

Program 1

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%)

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

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

Total Directors

Key Employees

Highest Compensated

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