WALTHAM COMMUNITY ACCESS CORPORATION (EIN 042982373) - 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

1985

Legal Domicile

Principal Officer

JUSTIN BARRETT

Phone

7818998834

Tax Period

2023-01-01 to 2023-12-31

WALTHAM COMMUNITY ACCESS CORPORATION, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $793K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $911K exceeded revenue, resulting in a 15% operating deficit.

Mission

COMMUNITY ACCESS PROGRAMMING

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $782,881

Investment Income $1,088

Other Revenue $8,539

TOTAL REVENUE $792,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $639,321

Fundraising Expenses $16,972

Program Expenses $642,217

Other Expenses $271,298

TOTAL EXPENSES $910,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$792,508	$1,222,925	-0.4%
Expenses	$910,619	$890,240	+0.0%
Net Income	$-118,111	$332,685	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS DEVENEY	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN BARRETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE FOGG	CLERK	1.00	Officer Director	$0	$0	$0
JEANNE UMBRELLO	TREASURER	1.00	Officer Director	$0	$0	$0
GUY SERGI	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA MCCLARY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WETHERBEE	DIRECTOR	1.00	Director	$0	$0	$0
MARIA SHEEHAN	EXECUTIVE DIRECTOR	35.00	Highest	$121,800	$14,942	$136,742

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	$792,508	$910,619	$1,999,612	$-118,111
2022	$1,222,925	$890,240	$2,180,773	$332,685
2021	$1,181,446	$876,395	$1,592,071	$305,051
2020	$1,062,907	$884,170	$1,414,104	$178,737

WALTHAM COMMUNITY ACCESS CORPORATION