ORLANDO, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WEST LAKES HWC INC, founded in 2021, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $872K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 66% operating deficit.
WEST LAKES HWC, INC. IS A SUPPORTING ORGANIZATION OF LIFT ORLANDO FOR THE PRIMARY PURPOSE OF THE CONSTRUCTION AND OPERATING OF A HEALTH AND WELLNESS CENTER KNOWN AS THE HEART OF WEST LAKES WELLNESS CENTER.
WEST LAKES HWC, INC. WAS INCORPORATED ON APRIL 20, 2021 FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED AS A SUPPORTING ORGANIZATION TO...
WEST LAKES HWC, INC. WAS INCORPORATED ON APRIL 20, 2021 FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED AS A SUPPORTING ORGANIZATION TO LIFT ORLANDO, INC. WEST LAKES HWC, INC. PERFORMS AND CARRIES OUT THE EXEMPT PURPOSES OF LIFT ORLANDO, INC. SPECIFICALLY, THE PRIMARY PURPOSE OF WEST LAKES HWC, INC. IS THE CONSTRUCTION AND OPERATION OF A HEALTH AND WELLNESS CENTER KNOWN AS THE HEART OF WEST LAKES WELLNESS CENTER (HEART). IN JUNE OF 2021, WEST LAKES HWC SECURED NEW MARKETS TAX CREDITS TO PROVIDE THE FINAL FUNDING NEEDED TO FINANCE THE CONSTRUCTION OF THE HEART OF WEST LAKES WELLNESS CENTER. THE HEART OPENED IN JUNE 2023 AND IS A RESIDENT-FOCUSED CENTER, DESIGNED TO STRENGTHEN THE COMMUNITY BY PROVIDING CONVENIENT ACCESS TO HOLISTIC HEALTH, FINANCIAL, AND LIFESTYLE SERVICES UNDER ONE ROOF. THE TWO-STORY FACILITY IS A SPACE FOR RESIDENTS TO CONNECT, LEARN, AND THRIVE, AND FEATURES FIRST-CLASS AMENITIES PAIRED WITH DECOR THAT PAYS HOMAGE TO THE COMMUNITY'S RICH HISTORY. ON THE FIRST FLOOR, RESIDENTS CAN ACCESS LEGACY CAFE, THE WEST LAKES FINANCIAL WELLBEING CENTER, THE FLORIDA BLUE CENTER ORLANDO WEST LAKES, THE HEART OF WEST LAKES EVENT SPACE, AND GREEN SPACES. ON THE SECOND FLOOR, COMMUNITY HEALTH CENTERS (CHC) PROVIDES COMPREHENSIVE HEALTHCARE SERVICES AND A PHARMACY, OFFERING A VITAL, NEW RESOURCE TO COMBAT THE AREA'S EXTREME LACK OF ACCESS TO HEALTHCARE SERVICES. THIS FLOOR IS ALSO HOME TO THE OFFICES OF LIFT ORLANDO AND ELEVATE ORLANDO.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $872,421 | $1,273,481 | -0.3% |
| Expenses | $1,452,397 | $892,974 | +0.6% |
| Net Income | $-579,976 | $380,507 | -2.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BOB MILES | BOARD MEMBER, TREASURER | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| EDWARD MORATIN | PRESIDENT | 2.0 |
Officer
Director
|
$0 | $33,421 | $206,063 |
| DAVID L BREWER III | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| MARK SHAMLEY | VP/BOARD MEMBER | 5.0 |
Director
|
$0 | $9,441 | $204,967 |
| PAUL C PERKINS JR | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $872,421 | $1,452,397 | $16,180,071 | $-579,976 |
| 2023 | $1,273,481 | $892,974 | $16,730,104 | $380,507 |
| 2022 | $1,205,966 | $142,927 | $17,524,985 | $1,063,039 |
| 2021 | No data | $33,631 | $13,652,580 | No data |
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