United Way Inc (EIN 010241767) - 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

1929

Legal Domicile

Principal Officer

Dan Coyne

Phone

2078741000

Tax Period

2024-07-01 to 2025-06-30

United Way Inc, founded in 1929, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.9M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $10.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

Improving lives by focusing on the building blocks of a strong community: education, financial stability, and health.

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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 $8,343,875

Program Service Revenue $209,587

Investment Income $356,817

Other Revenue $0

TOTAL REVENUE $8,910,279

Expense Breakdown

Grants Paid $4,241,753

Salaries & Benefits $4,238,836

Fundraising Expenses $1,291,472

Program Expenses $7,228,426

Other Expenses $1,515,722

TOTAL EXPENSES $9,996,311

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,910,279	$9,538,507	-0.1%
Expenses	$9,996,311	$12,941,051	-0.2%
Net Income	$-1,086,032	$-3,402,544	-0.7%

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

1701

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

$558,071

Total Directors

$406,516

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Cotter Schlax	Past Secretary/President/CEO	40.00	Officer Director	$200,262	$14,541	$214,803
Dan Coyne	Secretary/President/CEO	40.00	Officer Director	$152,336	$39,377	$191,713
Todd Cesca	Chair	1.00	Officer Director	$0	$0	$0
Michael Bourque	Vice Chair	1.00	Officer Director	$0	$0	$0
Dan Eagleson	Treasurer	1.00	Officer Director	$0	$0	$0
Dr Abdullahi Ahmed PhD	Director	1.00	Director	$0	$0	$0
Brian Ballute	Director	1.00	Director	$0	$0	$0
Abusana Micky Bondo	Director	1.00	Director	$0	$0	$0
Nathan Cadorette	Director	1.00	Director	$0	$0	$0
Anthony Cataldi	Director	1.00	Director	$0	$0	$0
Dora Clements	Director	1.00	Director	$0	$0	$0
Dr Dudley Davis PhD	Director	1.00	Director	$0	$0	$0
Nicole Devoe Lewis	Director	1.00	Director	$0	$0	$0
Diane Garofalo	Director Chair Emeritus	1.00	Director	$0	$0	$0
Dr Idella Glenn PhD	Director	1.00	Director	$0	$0	$0
Alex Gramling	Director	1.00	Director	$0	$0	$0
Caitlin Grant	Director	1.00	Director	$0	$0	$0
Thomas Hussey	Director	1.00	Director	$0	$0	$0
Robin LaBonte	Director	1.00	Director	$0	$0	$0
Luc Nya	Director	1.00	Director	$0	$0	$0
Rupa Lall Pakash	Director	1.00	Director	$0	$0	$0
Nannette Ranger-Duncanson	Director	1.00	Director	$0	$0	$0
Hilary Rapkin	Director	1.00	Director	$0	$0	$0
Joseph JJ Rouhana	Director	1.00	Director	$0	$0	$0
Meredith Rousseau	Director	1.00	Director	$0	$0	$0
Esi Seng	Director	1.00	Director	$0	$0	$0
Diane Small	Director	1.00	Director	$0	$0	$0
Sharon Underberg	Director	1.00	Director	$0	$0	$0
Jennifer McCarthy	Past Director	1.00	Director	$0	$0	$0
Kristin Chase Duffy	Chief Operating & Comm. Officer	40.00	Officer	$140,203	$11,352	$151,555
Cameron Peden	Chief People & Development Officer	40.00	Highest	$118,231	$26,006	$144,237

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	$8,910,279	$9,996,311	$19,460,731	$-1,086,032
2024	$9,538,507	$12,941,051	$20,211,678	$-3,402,544
2023	$12,277,892	$13,922,816	$22,491,063	$-1,644,924
2022	$13,282,477	$10,550,047	$21,043,682	$2,732,430
2021	$9,363,699	$9,655,457	$19,637,248	$-291,758
2020	$9,606,119	$9,841,376	$17,437,834	$-235,257
2019	$8,763,527	$9,417,713	$19,226,817	$-654,186
2018	$11,269,460	$9,318,502	$19,900,385	$1,950,958

United Way Inc