WASET INC (EIN 954354411) - 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

1991

Legal Domicile

Principal Officer

ANA PONCE

Phone

3232311107

Tax Period

2024-01-01 to 2024-12-31

WASET INC, founded in 1991, is a small nonprofit in the Unknown sector that reported $913K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $895K, a strong 98% operating margin.

Mission

THE ORGANIZATION ASSISTS NON-PROFIT ORGANIZATIONS WITH THE ACQUISITION AND DEVELOPMENT OF LOW INCOME, SENIOR OR DISABLED HOUSING PROJECTS. THE ORGANIZATION ALSO SPONSORS THESE TYPES OF PROJECTS.

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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 $0

Program Service Revenue $679,866

Investment Income $233,183

Other Revenue $0

TOTAL REVENUE $913,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,818

Other Expenses $17,818

TOTAL EXPENSES $17,818

Year-over-Year Comparison

	2024	2023	Change
Revenue	$913,049	$1,018,902	-0.1%
Expenses	$17,818	$20,884	-0.1%
Net Income	$895,231	$998,018	-0.1%

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

N/A

Employees

N/A

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
ANA PONCE	President	2.00	Officer Director	$0	$0	$0
LORETTA GILLETT	Vice President	2.00	Officer Director	$0	$0	$0
QUAFORD COLEMAN	Director	2.00	Director	$0	$0	$0
RICHARD WASHINGTON	Secretary	2.00	Officer Director	$0	$0	$0
EDWARD JOHNSON	Treasurer	2.00	Officer Director	$0	$0	$0
KELLY BOYER	Director	2.00	Director	$0	$0	$0
REV BOB GAY	Director	2.00	Director	$0	$0	$0
JOHNATHAN WILLIAMS	Director	2.00	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
2025	No data	No data	No data	No data
2024	$913,049	$17,818	$5,228,453	$895,231
2023	$1,018,902	$20,884	$4,333,221	$998,018
2022	$1,040,933	$41,477	$3,333,613	$999,456
2021	$679,585	$139,607	$1,780,428	$539,978
2020	$579,833	$21,868	$1,049,922	$557,965
2019	$63,432	$29,551	$427,437	$33,881
2018	$174,879	$4,161	$310,544	$170,718

WASET INC