Westside Legends Inc (EIN 871970832) - 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

Principal Officer

Horace Jackson III

Phone

5085798937

Tax Period

2024-01-01 to 2024-12-31

Westside Legends Inc, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $213K in total revenue in fiscal year 2024. Revenue surged 239% from the prior year, signaling strong growth momentum. The organization ran a surplus of $154K, a strong 73% operating margin.

Mission

To improve the quality of life of others on a Community City County level through such items as education local events fundraisers etc. Also to provide community access for the education research and appreciation of Berkshire County through vehicles such as but not limited to Community Engagement Affordable Housing Farming Economic Diversity Community Revitalization etc.

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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 $195,533

Program Service Revenue $17,250

Investment Income $0

Other Revenue $15

TOTAL REVENUE $212,798

Expense Breakdown

Grants Paid $7,729

Salaries & Benefits $12,300

Fundraising Expenses $0

Program Expenses $45,463

Other Expenses $38,356

TOTAL EXPENSES $58,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,798	$62,732	+2.4%
Expenses	$58,385	$51,238	+0.1%
Net Income	$154,413	$11,494	+12.4%

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

$12,000

Total Directors

$10,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Horace Jackson III	President	10.00	Officer Director	$5,150	$0	$5,150
Beverly Bolden	Vice President	2.00	Officer	$1,700	$0	$1,700
Marvin Purry	Treasurer	25.00	Officer Director	$5,150	$0	$5,150
Dolores Wright	Board Member	2.00		$300	$0	$300
Troy Johnson	Board Member	0.00		$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	$212,798	$58,385	$385,643	$154,413

Westside Legends Inc