WEST LAKES HWC INC (EIN 863479633) - 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

2021

Legal Domicile

Phone

4074805053

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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.

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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 $304,547

Program Service Revenue $567,516

Investment Income $0

Other Revenue $358

TOTAL REVENUE $872,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,452,397

Other Expenses $1,452,397

TOTAL EXPENSES $1,452,397

Year-over-Year Comparison

	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%

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

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

$206,063

Total Directors

$411,030

Key Employees

Highest Compensated

reported

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

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	$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

WEST LAKES HWC INC