WASHOE ABILITY RESOURCE CENTER (EIN 880089002) - 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

1953

Legal Domicile

Principal Officer

LAVONNE BROOKS

Phone

7758297400

Tax Period

2024-01-01 to 2024-12-31

WASHOE ABILITY RESOURCE CENTER, founded in 1953, is a small nonprofit in the Human Services sector that reported $289K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $386K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO DEVELOP, DELIVER, AND USE LEARNING SYSTEMS THAT BENEFIT PEOPLE WITHDISABILITIES AND THOSE WHO SUPPORT THEM.

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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 $13,854

Program Service Revenue $292,715

Investment Income $5,404

Other Revenue $-23,352

TOTAL REVENUE $288,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,992

Fundraising Expenses $0

Program Expenses $355,507

Other Expenses $239,505

TOTAL EXPENSES $386,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$288,621	$208,568	+0.4%
Expenses	$386,497	$255,629	+0.5%
Net Income	$-97,876	$-47,061	+1.1%

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

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

$408,443

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KARIN HILGERSOM	CHAIRMAN	2.00	Officer Director	$0	$0	$0
BJ SULLIVAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DR LARRY WILLIAMS	SECRETARY	2.00	Officer Director	$0	$0	$0
JOANNE FAHNESTOCK	DIRECTOR	1.00	Director	$0	$0	$0
STEPAHNIE KRUSE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MAHER	DIRECTOR	1.00	Director	$0	$0	$0
KATE THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
DR JON WADE	DIRECTOR	1.00	Director	$0	$0	$0
LAVONNE BROOKS	PRESIDENT/ CEO EX-OFFICIO	10.00	Officer	$200,624	$17,435	$218,059
MELANY DENNY	COO	10.00	Officer	$179,339	$11,045	$190,384

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	$288,621	$386,497	$690,796	$-97,876
2023	$208,568	$255,629	$606,735	$-47,061
2022	$209,009	$234,320	$657,381	$-25,311
2021	$320,246	$225,452	$693,720	$94,794
2020	$241,164	$237,171	$734,901	$3,993
2019	$207,513	$197,339	$594,346	$10,174
2018	$220,996	$215,845	$609,416	$5,151

WASHOE ABILITY RESOURCE CENTER