WILL'S PLACE (EIN 883301732) - 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

2022

Principal Officer

JOAN HALLAGAN

Tax Period

2024-01-01 to 2024-12-31

WILL'S PLACE, founded in 2022, is a small nonprofit in the Education sector that reported $446K in total revenue in fiscal year 2024.

Mission

PROVIDING A VOCATIONAL TRAINING SITE FOR YOUNG ADULTS WITH PHYSICAL AND INTELLECTUAL DISABILITIES

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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 $176,000

Program Service Revenue $269,814

Investment Income $0

Other Revenue $0

TOTAL REVENUE $445,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,179

Fundraising Expenses $0

Program Expenses $369,689

Other Expenses $228,816

TOTAL EXPENSES $468,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$445,814	$420,923	+0.1%
Expenses	$468,995	$345,813	+0.4%
Net Income	$-23,181	$75,110	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN HALLAGAN	TREASURER	5.00	Officer Director	$0	$0	$0
CATHY MAASSEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
ALEXANDRA SOLOMON	DIRECTOR	5.00	Director	$0	$0	$0
JOSHUA SOLOMON	DIRECTOR	5.00	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	$445,814	$468,995	$204,012	$-23,181
2023	$420,923	$345,813	$156,251	$75,110

WILL'S PLACE