WELLESLEY STUDENTS AID SOCIETY INC

EIN: 042152598 501(c)(3) Education

WELLESLEY, MA

Total Revenue
$559,703
Total Expenses
$1,550,007
Total Assets
$44,437,094
Net Assets
$44,408,169
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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
1878
Legal Domicile
MA
Principal Officer
CATHERINE KEFALAS
Phone
7812832292
Tax Period
2022-07-01 to 2023-06-30

WELLESLEY STUDENTS AID SOCIETY INC, founded in 1878, is a small nonprofit in the Education sector that reported $560K in total revenue in fiscal year 2022. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 177% operating deficit.

Mission

PROVIDE LOANS AND OTHER MEANS OF SUPPORT TO WELLESLEY COLLEGE STUDENTS WITH DEMONSTRATED NEED. SUPPLEMENTING WELLESLEY COLLEGE'S FINANCIAL AID PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $530,704
Program Service Revenue $20,980
Investment Income $8,019
Other Revenue $0
TOTAL REVENUE $559,703

Expense Breakdown

Grants Paid $1,057,199
Salaries & Benefits $312,136
Fundraising Expenses $34,971
Program Expenses $1,270,428
Other Expenses $180,672
TOTAL EXPENSES $1,550,007

Year-over-Year Comparison

2022 2021 Change
Revenue $559,703 $3,253,513 -0.8%
Expenses $1,550,007 $1,567,395 0.0%
Net Income $-990,304 $1,686,118 -1.6%
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

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
$146,188
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMIE SABINO PRESIDENT 2.00
Officer Director
$0 $0 $0
DENISE ROBBI-ARENA VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
TANYA M ROY TREASURER 1.00
Officer Director
$0 $0 $0
DANA SUNDBLAD SECRETARY 1.00
Officer Director
$0 $0 $0
RAJA ASHRAF DIRECTOR 0.50
Director
$0 $0 $0
BETH BERNHARDT DIRECTOR 0.50
Director
$0 $0 $0
STANLEY CHANG DIRECTOR 0.50
Director
$0 $0 $0
EILEEN CREHAN DIRECTOR 0.50
Director
$0 $0 $0
MICHELLE SHELLEY DOWLING COBB DIRECTOR 0.50
Director
$0 $0 $0
ESTHER HAN SILVER DIRECTOR 0.50
Director
$0 $0 $0
HEATHER KISPERT HAGERTY DIRECTOR 0.50
Director
$0 $0 $0
RACHEL LAM DIRECTOR 0.50
Director
$0 $0 $0
IRENE MATA DIRECTOR 0.50
Director
$0 $0 $0
TESS MATTERN DIRECTOR 0.50
Director
$0 $0 $0
ANHAR MULLA DIRECTOR 0.50
Director
$0 $0 $0
CATHERINE KEFALAS EXECUTIVE DIRECTOR 35.00
Officer
$120,885 $25,303 $146,188
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 No data No data No data No data
2024 No data No data No data No data
2023 $559,703 $1,550,007 $44,437,094 $-990,304
2022 $3,253,513 $1,567,395 $41,290,339 $1,686,118
2021 $13,651,652 $1,564,708 $47,178,569 $12,086,944
2020 $2,590,047 $1,431,024 $37,445,836 $1,159,023
2019 $2,027,817 $1,278,367 $37,909,795 $749,450
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