Westwood School Corp

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Westwood School Corp Form 990, Revenue, CEO Pay, and IRS Filing Signals

Westwood School Corp is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Westwood School Corp in one place.

Is Westwood School Corp Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Westwood School Corp shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Westwood School Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Westwood School Corp

Westwood School Corp (EIN: 20725734) is a nonprofit organization based in Addison, TX, classified under NTEE code B20. The organization reported total revenue of $7.3M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westwood School Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Westwood School Corp is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Westwood School Corp reported a surplus of $863K with revenue exceeding expenses, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 76.6% (high leverage).

Financial Trends

Over 12 years of filings (2012–2023), Westwood School Corp's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Westwood School Corp with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Westwood School Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $863K, with revenue exceeding expenses.
• Debt-to-asset ratio: 76.6%.

Executive Compensation Analysis

The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with revenues exceeding $6 million. This could indicate that executive roles are entirely volunteer-based or that compensation is reported under different categories, requiring further scrutiny to understand the full scope of executive remuneration.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Westwood School Corp's IRS 990 filings:

• Consistent 0% officer compensation reported, which may obscure actual executive remuneration if categorized differently.

Strengths

The following positive indicators were identified for Westwood School Corp:

• Consistent revenue growth, increasing from $3.4 million in 2016 to $6.3 million in 2023.
• Positive and growing net assets since 2021, indicating improved financial stability.
• Expenses generally well-managed relative to revenue in recent years, leading to surpluses.

Frequently Asked Questions about Westwood School Corp

Filing History

IRS 990 filing history for Westwood School Corp showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Westwood School Corp's revenue has grown by 80.3%, moving from $3.5M to $6.3M. Total assets increased by 85.4% over the same period, from $3.1M to $5.7M. Total functional expenses rose by 56.9%, from $3.5M to $5.4M. In its most recent filing year (2023), Westwood School Corp reported a surplus of $863K, with revenue exceeding expenses. The organization holds $4.4M in liabilities against $5.7M in assets (debt-to-asset ratio: 76.6%), resulting in net assets of $1.3M.

Year-by-Year Financial Summary

• 2023: Revenue of $6.3M, expenses of $5.4M, and assets of $5.7M (revenue +17.2% year-over-year).
• 2022: Revenue of $5.4M, expenses of $4.8M, and assets of $4.9M (revenue +5.8% year-over-year).
• 2021: Revenue of $5.1M, expenses of $4.4M, and assets of $3.6M (revenue +13.4% year-over-year).
• 2020: Revenue of $4.5M, expenses of $4.6M, and assets of $2.7M (revenue +1.8% year-over-year).
• 2019: Revenue of $4.4M, expenses of $3.9M, and assets of $2.8M (revenue +8.6% year-over-year).
• 2018: Revenue of $4.1M, expenses of $4.5M, and assets of $2.7M (revenue +0.1% year-over-year).
• 2017: Revenue of $4.1M, expenses of $4.5M, and assets of $2.6M (revenue +17.1% year-over-year).
• 2016: Revenue of $3.5M, expenses of $8.3M, and assets of $2.9M (revenue -39.7% year-over-year).
• 2015: Revenue of $5.7M, expenses of $5.1M, and assets of $4.7M (revenue +34.8% year-over-year).
• 2014: Revenue of $4.3M, expenses of $4.4M, and assets of $3.7M (revenue +7.7% year-over-year).
• 2013: Revenue of $4.0M, expenses of $3.9M, and assets of $4.0M (revenue +13.0% year-over-year).
• 2012: Revenue of $3.5M, expenses of $3.5M, and assets of $3.1M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Westwood School Corp:

Data Sources and Methodology

This transparency report for Westwood School Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.