WESTCHESTER VITALIZATION CORP

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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

1980

Legal Domicile

Tax Period

2019-01-01 to 2019-12-31

WESTCHESTER VITALIZATION CORP, founded in 1980, is a micro nonprofit that reported $22K in total revenue in fiscal year 2019. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $33K exceeded revenue, resulting in a 49% operating deficit.

Mission

PROMOTE BUSINESS ACTIVITY IN THE COMMERICAL AREA OF WESTCHESTER (PART OF THE CITY OF LOS ANGELES, LOCATED NEXT TO THE INTERNATIONAL AIRPORT), CALIFORNIA.

Program Service Accomplishments

Program 1

Expenses: $22,850 Revenue: $22,432

TO PROMOTE BUSINESS ACTIVITY IN THE COMMERCIAL AREA OF WESTCHESTER, CA. THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE PROMOTION OF COMMERCIAL ACTIVITY IN THE WESTCHESTER COMMUNITY BY HOSTING A...

TO PROMOTE BUSINESS ACTIVITY IN THE COMMERCIAL AREA OF WESTCHESTER, CA. THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE PROMOTION OF COMMERCIAL ACTIVITY IN THE WESTCHESTER COMMUNITY BY HOSTING A WEEKLY FARMERS MARKET.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,432

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,850

Other Expenses $33,331

TOTAL EXPENSES $33,331

Year-over-Year Comparison

	2019	2018	Change
Revenue	$22,432	$84,002	-0.7%
Expenses	$33,331	$43,649	-0.2%
Net Income	$-10,899	$40,353	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
LES WATT	President	Director	$0	$0	$0
EDGAR	Vice President	Director	$0	$0	$0
RALPH DOWING	Treasurer	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
2019	$22,432	$33,331	No data	$-10,899
2018	$42,001	$43,649	$13,006	$-1,648