WELLESLEY FRIENDLY AID ASSOCIATION (EIN 042105815) - 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

1909

Legal Domicile

Principal Officer

KATALIN BROWN

Phone

7812353960

Tax Period

2024-01-01 to 2024-12-31

WELLESLEY FRIENDLY AID ASSOCIATION, founded in 1909, is a small nonprofit that reported $348K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 35% operating margin.

Mission

WELLESLEY FRIENDLY AID ASSOCIATION (WFA), A COMMUNITY-BASED, NON-PROFIT ORGANIZATION, SERVES WELLESLEY RESIDENTS IN NEED THROUGH PROGRAMS THAT PROVIDE DIRECT SERVICE OR FINANCIAL ASSISTANCE. WFA'S WIDE RANGE OF PROGRAMS HELP INDIVIDUALS AND FAMILIES OF ALL INCOMES AND AGES HAVING NEEDS THAT GOVERNMENT AND OTHER PRIVATE PROGRAMS FAIL TO MEET. WFA PROVIDES SERVICES BOTH DIRECTLY AND IN COLLABORATION WITH OTHER ORGANIZATIONS AND AGENCIES.

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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 $214,322

Program Service Revenue $0

Investment Income $23,162

Other Revenue $110,461

TOTAL REVENUE $347,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,454

Fundraising Expenses $18,987

Program Expenses $127,819

Other Expenses $152,948

TOTAL EXPENSES $227,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$347,945	$220,009	+0.6%
Expenses	$227,402	$233,831	0.0%
Net Income	$120,543	$-13,822	-9.7%

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

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
DEBORAH COGILL	PRESIDENT	6.00	Officer Director	$0	$0	$0
PETER JOHANNSEN	VICE PRESIDE	6.00	Officer Director	$0	$0	$0
LEO SWIFT	TREASURER	2.00	Officer Director	$0	$0	$0
DUNCAN O'BRIEN	SECRETARY	3.00	Officer Director	$0	$0	$0
ALISON BEDENKOP	DIRECTOR/TRE	4.00	Officer Director	$0	$0	$0
KATALIN BROWN	DIRECTOR	6.00	Director	$0	$0	$0
ROSE DIMAGGIO	DIRECTOR	2.00	Director	$0	$0	$0
DENISE D'AUNNO	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE FANG	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE CROWLEY	DIRECTOR	2.00	Director	$0	$0	$0
KAREN GRISWOLD	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL MALONEY	DIRECTOR	2.00	Director	$0	$0	$0
STACY BRAATZ	DIRECTOR	2.00	Director	$0	$0	$0
SALLY MILLER	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLY MOLDAVER-CARR	DIRECTOR	2.00	Director	$0	$0	$0
BETSY VISVIS	DIRECTOR	2.00	Director	$0	$0	$0
REGINA WATTS	DIRECTOR	2.00	Director	$0	$0	$0
WENDY SECOR	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
2024	$347,945	$227,402	$801,025	$120,543
2023	$220,009	$233,831	$644,552	$-13,822
2022	$233,934	$208,874	$622,164	$25,060
2021	$216,048	$167,622	$644,352	$48,426
2020	$173,787	$148,332	$574,375	$25,455
2019	$174,699	$202,642	$503,495	$-27,943
2018	$198,138	$179,815	$504,818	$18,323

WELLESLEY FRIENDLY AID ASSOCIATION