Westcamp Inc (EIN 870517037) - 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

1993

Legal Domicile

Principal Officer

David K Sorensen

Phone

8018638637

Tax Period

2023-01-01 to 2023-12-31

Westcamp Inc, founded in 1993, is a micro nonprofit in the Community Improvement sector that reported $59K in total revenue in fiscal year 2023. Revenue surged 282924% from the prior year, signaling strong growth momentum. Expenses of $73K exceeded revenue, resulting in a 22% operating deficit.

Mission

To promote scientific and educational interests via private and public partnerships.

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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 $0

Program Service Revenue $209

Investment Income $59,226

Other Revenue $0

TOTAL REVENUE $59,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,052

Fundraising Expenses $0

Program Expenses $12,631

Other Expenses $21,719

TOTAL EXPENSES $72,771

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,435	$21	+2829.2%
Expenses	$72,771	$90,744	-0.2%
Net Income	$-13,336	$-90,723	-0.9%

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

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

$49,352

Total Directors

$47,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
G Michael Alder	Member	1.00	Director	$1,700	$0	$1,700
David K Sorensen	Director	20.00	Officer Director	$43,940	$0	$43,940
Collin Sorensen	Chairman	1.00	Officer Director	$1,700	$0	$1,700
Michael R Francis	Treasurer	1.00	Officer	$3,712	$0	$3,712

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	$59,435	$72,771	$1,249,424	$-13,336
2022	$21	$90,744	$1,178,985	$-90,723
2021	$6,000	$152,432	$1,392,566	$-146,432
2020	$7,701	$138,811	$1,099,761	$-131,110
2019	$3,628	$69,868	$1,230,871	$-66,240
2018	$200,031	$899,798	$1,297,111	$-699,767

Westcamp Inc