WEST END ECONOMIC DEVELOPMENT CORPORATION (EIN 901017957) - 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

2014

Legal Domicile

Phone

9708652499

Tax Period

2023-01-01 to 2023-12-31

WEST END ECONOMIC DEVELOPMENT CORPORATION, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $201K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $61K, a strong 30% operating margin.

Mission

The Purpose of the West End Economic Development Corporation WEEDC is to create and encourage an inviting pro-business environment integrated with our independent spirit and friendly culture while capitalizing on our natural and historic resources.

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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 $187,311

Program Service Revenue $4,314

Investment Income $496

Other Revenue $8,617

TOTAL REVENUE $200,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,954

Fundraising Expenses $0

Program Expenses $22,500

Other Expenses $58,986

TOTAL EXPENSES $139,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,738	$225,426	-0.1%
Expenses	$139,940	$263,179	-0.5%
Net Income	$60,798	$-37,753	-2.6%

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

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

$71,536

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aimee Tooker	President	2.00	Officer Director	$0	$0	$0
Rick Wolney	Vice President	1.00	Officer Director	$0	$0	$0
Kenny Heldman	Secretary and Treasurer	1.00	Officer Director	$0	$0	$0
April Montgomery	Director	2.00	Director	$0	$0	$0
Lisa Sutherland	Director	1.00	Director	$0	$0	$0
Carrie Andrew	Director	1.00	Director	$0	$0	$0
Erin Jones	Director	1.00	Director	$0	$0	$0
Makayla Gordon	Executive Director	45.00	Key Emp Highest	$71,536	$0	$71,536

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	$200,738	$139,940	$369,941	$60,798
2022	$225,426	$263,179	$363,409	$-37,753
2021	$365,630	$237,243	$371,715	$128,387
2020	$237,737	$234,652	$203,488	$3,085

WEST END ECONOMIC DEVELOPMENT CORPORATION