WOLFEBORO AREA RECREATION ASSOCIATION

EIN: 020495737 501(c)(3) Religion

WOLFEBORO, NH

Total Revenue
$5,923,491
Total Expenses
$700,140
Total Assets
$16,337,316
Net Assets
$16,313,110
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NH
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 PURPOSE OF THE CORPORATION IS TO ACQUIRE, DEVELOP, MAINTAIN, OPERATE, AND ADMINISTER FACILITIES TO SERVE AND PROMOTE RECREATIONAL AND ATHLETIC USE BY ORGANIZATIONS AND RESIDENTS OF THE TOWN OF WOLFEBORO, NEW HAMPSHIRE, AND SURROUNDING COMMUNITIES. THE CENTRAL MISSION OF THE WOLFEBORO AREA RECREATION ASSOCIATION (THE NICK) IS TO PROVIDE RECREATIONAL OPPORTUNITIES FOR BOTH CHILDREN AND ADULTS THAT ENHANCE THE QUALITY OF LIFE, AS WELL AS INCORPORATE AND SUPPORT COMMUNITY VALUES. AT THE DISCRETION OF THE BOARD OF DIRECTORS (THE "BOARD OR "THE DIRECTORS") THE FACILITIES MAY BE USED FOR COMMUNITY EVENTS THAT ARE OUTSIDE THE SPECIFIC PURPOSE AND MISSION OF THE ORGANIZATION, PROVIDED THAT SUCH USE DOES NOT JEOPARDIZE THE 501(C)(3) STATUS OF THE NICK.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
10
Volunteers
35

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
5
$202,649
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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