FWA CORPORATION (EIN 823674054) - 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

2017

Legal Domicile

Phone

5618667949

Tax Period

2023-01-01 to 2023-12-31

FWA CORPORATION, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $115K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 38% operating margin.

Mission

THE PRIMARY OBJECTIVE IS PROMOTION OF AND IMPROVEMENT OF BUSINESS CONDITIONS IN THE WIRELESS INDUSTRY. THE LARGEST PROGRAM SERVES ARE ONE OR MORE MEETINGS CONDUCTED IN CONJUNCTION WITH OR WITHOUT AN ANNUAL GASPARILLA EVENT AND AN ANNUAL GOLF EVENT RESULTING IN ONE OR MORE SUBSTANTIAL DONATIONS TO ONE OR MORE ORGANIZATIONS.

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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 $70,000

Program Service Revenue $0

Investment Income $92

Other Revenue $45,080

TOTAL REVENUE $115,172

Expense Breakdown

Grants Paid $62,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $9,199

TOTAL EXPENSES $71,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,172	$88,859	+0.3%
Expenses	$71,199	$56,121	+0.3%
Net Income	$43,973	$32,738	+0.3%

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

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
TRACI CLANCY	DIRECTOR	5.00	Director	$0	$0	$0
ERIC BONDURONT	DIRECTOR	5.00	Director	$0	$0	$0
HAL HODGES	DIRECTOR	5.00	Director	$0	$0	$0
MARTHA PENTON	DIRECTOR PRESIDENT	10.00	Officer Director	$0	$0	$0
TYSON MUNSON	DIRECTOR SECRETARY	10.00	Officer Director	$0	$0	$0
MICHAEL BELSKI	CHAIRMAN	10.00	Director	$0	$0	$0
ALLAN BAKALAR	VICE CHAIRMAN TREASURER	15.00	Officer Director	$0	$0	$0
JOHN MARTIN	DIRECTOR	5.00	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
2023	$115,172	$71,199	$174,547	$43,973
2022	$88,859	$56,121	$130,574	$32,738

FWA CORPORATION