Local Initiative for Transformation - WC Inc (EIN 834220326) - 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

2019

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Local Initiative for Transformation - WC Inc, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $961K in total revenue in fiscal year 2024. Revenue surged 779% from the prior year, signaling strong growth momentum.

Mission

Rehabbing a historic building with the hope of using said space for acommunity space in the future. Said building once rehabbed will servethe whole community of 8000 people.

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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 $961,229

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $961,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $948,778

Other Expenses $948,778

TOTAL EXPENSES $948,778

Year-over-Year Comparison

	2024	2023	Change
Revenue	$961,229	$109,417	+7.8%
Expenses	$948,778	$127,975	+6.4%
Net Income	$12,451	$-18,558	-1.7%

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

N/A

Independent Members

N/A

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
John Hawkins	Director	5.00	Director	$0	$0	$0
Jacob Pulis	Director	2.00	Director	$0	$0	$0
Zachary S Chizek	Treasurer	5.00	Officer	$0	$0	$0
Lindsay Henderson	Vice President	5.00	Officer	$0	$0	$0
Darcy Swon	President	5.00	Officer	$0	$0	$0
Shannon Swon	Secertary	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
2025	No data	No data	No data	No data
2024	$961,229	$948,778	$79,020	$12,451

Local Initiative for Transformation - WC Inc