WESTLAKE COMMUNITY FOUNDATION INC C/O VESTA PROPERTY SERVICES (EIN 823447812) - 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

2018

Principal Officer

JOHN CARTER

Phone

5612454444

Tax Period

2024-01-01 to 2024-12-31

WESTLAKE COMMUNITY FOUNDATION INC C/O VESTA PROPERTY SERVICES, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $158K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 99% operating margin.

Mission

FACILITATING THE CREATION AND PRESERVATION OF PRIVATELY OWNED, COMMUNITY- ENHANCING AFFORDABLE HOUSING TO MEET THE NEEDS OF LOW INCOME PERSONS REGARDLESS OF RACE, CREED, OR COLOR, NATIONAL ORGIN, ETHNICITY, GENDER, AGE, PHYSICAL DISABILITY OR SEXUAL; (B) ENGAGING IN FUNDRAISING, COMMUNITY OUTREACH, AND EDUCATION IN SUPPORT OF AFFORDABLE HOUSING WITHIN THE CITY OF WESTLAKE; AND (C) PROVIDING DOWNPAYMENT AND CLOSING COST ASSISTANCE AND / OR FUNDING TO GOVERNMENTAL AND OTHER PROGRAMS PROVIDING AFFORDABLE AND / OR WORKFORCE HOUSING ASSISTNACE.

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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 $157,500

Program Service Revenue $0

Investment Income $89

Other Revenue $0

TOTAL REVENUE $157,589

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,164

Other Expenses $2,164

TOTAL EXPENSES $2,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,589	$115,557	+0.4%
Expenses	$2,164	$1,448	+0.5%
Net Income	$155,425	$114,109	+0.4%

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
ZANE BEARD	VICE PRES, D	N/A	Officer Director	$0	$0	$0
JOHN CARTER	PRESIDENT, D	N/A	Officer Director	$0	$0	$0
LEOLANI GEVERS	SECRETARY /T	N/A	Officer 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	$157,589	$2,164	$449,505	$155,425
2023	$115,557	$1,448	$294,080	$114,109
2022	$82,535	$600	$179,971	$81,935
2021	$73,514	$1,161	$98,036	$72,353

WESTLAKE COMMUNITY FOUNDATION INC C/O VESTA PROPERTY SERVICES