WA THERAPY FUND FOUNDATION (EIN 852607648) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

ASHLEY MCGIRT

Phone

2532054234

Tax Period

2023-01-01 to 2023-12-31

WA THERAPY FUND FOUNDATION, founded in 2020, is a small nonprofit in the Mental Health sector that reported $906K in total revenue in fiscal year 2023. The organization ran a surplus of $169K, a strong 19% operating margin.

Mission

TO ELIMINATE BARRIERS TO HEALING WITHIN BLACK COMMUNITIES THAT HAVE BEEN HISTORICALLY EXCLUDED FROM CARE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $881,363

Program Service Revenue $22,600

Investment Income $206

Other Revenue $1,965

TOTAL REVENUE $906,134

Expense Breakdown

Grants Paid $22,704

Salaries & Benefits $249,466

Fundraising Expenses $49,595

Program Expenses $611,209

Other Expenses $464,847

TOTAL EXPENSES $737,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$906,134	$900,283	+0.0%
Expenses	$737,017	$495,757	+0.5%
Net Income	$169,117	$404,526	-0.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$138,192

Total Directors

$138,192

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY MCGIRT	CEO/PRESIDENT	40.00	Officer Director	$127,942	$0	$127,942
DEAUNTE DAMPER	VICE PRESIDENT	4.00	Officer Director	$10,250	$0	$10,250
REYNELDA SOLITAIRE	SECRETARY	4.00	Officer Director	$0	$0	$0
DAVID COVEN	TREASURER	4.00	Officer Director	$0	$0	$0
HUSTON ADAIR JR	BOARD MEMBER	2.00	Director	$0	$0	$0
KEISHA CREDIT	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIE DAVIDSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DR CHALON ERVIN	BOARD MEMBER	2.00	Director	$0	$0	$0
ANGELA SAIDYBAH	BOARD MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$906,134	$737,017	$637,846	$169,117
2022	$900,283	$495,757	$467,750	$404,526
2021	$237,257	$243,380	$61,680	$-6,123

WA THERAPY FUND FOUNDATION