WOLFEBORO AREA RECREATION ASSOCIAT… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

MICHAEL E COOPER

Phone

6035691909

Tax Period

2024-04-01 to 2025-03-31

WOLFEBORO AREA RECREATION ASSOCIATION, founded in 1998, is a community nonprofit in the Religion sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.2M, a strong 88% operating margin.

Mission

THE WOLFEBORO AREA RECREATION ASSOCIATION (WARA) PROVIDES RECREATIONAL OPPORTUNITIES TO THE COMMUNITY BY PLANNING, CONSTRUCTING, AND OVERSEEING RECREATIONAL FACILITIES, AS EXEMPLIED BY THE NICHOLAS J. PERNOKAS RECREATION PARK, ALSO KNOWN AS "THE NICK."

Program Service Accomplishments

Program 1

Expenses: $454,710 Revenue: $94,076

PARK MAINTENANCE - THE ASSOCIATION'S PRIMARY MISSION AT PRESENT IS TO MAINTAIN THE PARK FACILITIES SUCH THAT THEY CAN BE MADE AVAILABLE TO ORGANIZED SPORTS GROUPS AND THE GENERAL PUBLIC FOR...

PARK MAINTENANCE - THE ASSOCIATION'S PRIMARY MISSION AT PRESENT IS TO MAINTAIN THE PARK FACILITIES SUCH THAT THEY CAN BE MADE AVAILABLE TO ORGANIZED SPORTS GROUPS AND THE GENERAL PUBLIC FOR RECREATIONAL USE.

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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 $5,468,586

Program Service Revenue $94,076

Investment Income $360,829

Other Revenue $0

TOTAL REVENUE $5,923,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $356,331

Fundraising Expenses $162,951

Program Expenses $454,710

Other Expenses $343,809

TOTAL EXPENSES $700,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,923,491	$3,809,693	+0.6%
Expenses	$700,140	$436,963	+0.6%
Net Income	$5,223,351	$3,372,730	+0.5%

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

$202,649

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLLY AUCOIN	EXECUTIVE DIRECTOR	45.00	Officer	$187,038	$15,611	$202,649
MICHAEL E COOOPER	PRESIDENT	2.00	Officer Director	$0	$0	$0
CINDY PATTEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOANNE MAUGHAN	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES REILLY	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTY OUELLETTE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER MURRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ERIC GIBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRIE MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE FARLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROY BALLENTINE	BOARD MEMBER	1.00	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	$5,923,491	$700,140	$16,337,316	$5,223,351
2024	$3,809,693	$436,963	$10,990,542	$3,372,730
2023	$796,314	$383,093	$7,006,080	$413,221
2022	$681,584	$362,750	$6,916,547	$318,834
2021	$773,763	$306,445	$6,552,558	$467,318
2020	$507,991	$348,350	$5,211,004	$159,641
2019	$665,963	$354,200	$5,241,892	$311,763

WOLFEBORO AREA RECREATION ASSOCIATION