NEWTON COMMONWEALTH FOUNDATION INC

EIN: 042737021 501(c)(3) Recreation & Sports

NEWTON, MA

Total Revenue
$882,516
Total Expenses
$294,586
Total Assets
$5,234,530
Net Assets
$5,164,530
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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
1980
Legal Domicile
MA
Principal Officer
ARLENE FRANKLIN
Phone
6175480965
Tax Period
2023-01-01 to 2023-12-31

NEWTON COMMONWEALTH FOUNDATION INC, founded in 1980, is a small nonprofit in the Recreation & Sports sector that reported $883K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $588K, a strong 67% operating margin.

Mission

OPERATION OF A MUNICIPAL GOLF COURSE

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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 $764,569
Investment Income $117,947
Other Revenue $0
TOTAL REVENUE $882,516

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $280,804
Other Expenses $294,586
TOTAL EXPENSES $294,586

Year-over-Year Comparison

2023 2022 Change
Revenue $882,516 $693,151 +0.3%
Expenses $294,586 $288,388 +0.0%
Net Income $587,930 $404,763 +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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN A MEYER PRESIDENT, DIRECTOR & ASSI 1.00
Officer Director
$0 $0 $0
JOHN F NEVILLE JAN TO OCT TREASURER 0.50
Officer Director
$0 $0 $0
THOMAS ELKIND DIRECTOR 0.50
Director
$0 $0 $0
ARLENE FRANKLIN NOV TO DEC TREASURER 0.50
Officer Director
$0 $0 $0
DAN GREEN DIRECTOR 0.50
Director
$0 $0 $0
PETER DOHERTY DIRECTOR, CLERK 0.50
Director
$0 $0 $0
CYNTHIA ARCATE DIRECTOR 0.50
Director
$0 $0 $0
SAM FIGLER DIRECTOR 0.50
Director
$0 $0 $0
JOHN SYNNOTT DIRECTOR 0.50
Director
$0 $0 $0
CONSTANCE KANTAR DIRECTOR 0.50
$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 $882,516 $294,586 $5,234,530 $587,930
2022 $693,151 $288,388 $4,636,600 $404,763
2022 $693,151 $288,388 $4,636,600 $404,763
2021 $760,093 $321,718 $4,231,837 $438,375
2020 $682,492 $280,230 $3,793,462 $402,262
2019 $449,165 $292,405 $3,391,200 $156,760
2018 $393,697 $283,350 $3,230,440 $110,347
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