Wilmington Family Counseling Service Inc

EIN: 042545712 501(c)(3) Human Services

Wilmington, MA

Total Revenue
$956,345
Total Expenses
$1,105,776
Total Assets
$891,617
Net Assets
$868,383
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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
1967
Legal Domicile
MA
Tax Period
2023-01-01 to 2023-12-31

Wilmington Family Counseling Service Inc, founded in 1967, is a small nonprofit in the Human Services sector that reported $956K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

Provide mental health services primarily to the citizens of Wilmington, MA and the surrounding communities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $953,324
Investment Income $3,021
Other Revenue $0
TOTAL REVENUE $956,345

Expense Breakdown

Grants Paid $0
Salaries & Benefits $824,438
Fundraising Expenses $0
Program Expenses $918,891
Other Expenses $281,338
TOTAL EXPENSES $1,105,776

Year-over-Year Comparison

2023 2022 Change
Revenue $956,345 $1,608,693 -0.4%
Expenses $1,105,776 $1,333,639 -0.2%
Net Income $-149,431 $275,054 -1.5%
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

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Governance

Voting Members
5
Independent Members
5
Employees
25
Volunteers
N/A

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
4
$0
Total Directors
6
$172,988
Key Employees
1
$172,988
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul Doherty Executive Director 40.00
Director Key Emp
$164,453 $8,535 $172,988
Rick Thompson Director 0.50
Director
$0 $0 $0
Heather Moore Vice PresidentDirector 0.50
Officer Director
$0 $0 $0
Bernard Nally President & Director 0.50
Officer Director
$0 $0 $0
Ann St Onge Treasurer & Director 0.50
Officer Director
$0 $0 $0
Beverly Soper SecretaryDirector 0.50
Officer 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 No data No data No data No data
2023 $956,345 $1,105,776 $891,617 $-149,431
2022 $1,608,693 $1,333,639 $1,075,409 $275,054
2021 $1,668,153 $1,413,199 $775,195 $254,954
2020 $1,484,138 $1,477,098 $766,986 $7,040
2019 $1,510,384 $1,526,767 $504,312 $-16,383
2018 $1,266,407 $1,310,391 $547,985 $-43,984
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