WALTHAM COMMUNITY ACCESS CORPORATION

EIN: 042982373 501(c)(3) Arts, Culture & Humanities

WALTHAM, MA

Total Revenue
$792,508
Total Expenses
$910,619
Total Assets
$1,999,612
Net Assets
$1,801,578
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MA
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

TO PROVIDE LEADERSHIP AND OVERSIGHT FOR A PUBLIC SERVICE TELEVISION STATION THAT SERVES THE RESIDENTIAL AND BUSINESS COMMUNITIES OF WALTHAM MASSACHUSETTS.

Program Service Accomplishments

Program 1
Expenses: $642,217 Revenue: $791,420

PROGRAMS ARE CULTURAL, EDUCATIONAL AND RECREATIONAL IN NATURE AND CONTAIN NO PAID ADVERTISING. ALL PROGRAMS ARE FOR THE BENEFIT OF THE WALTHAM COMMUNITY.

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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 $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

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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
8
Independent Members
8
Employees
9
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
8
$0
Key Employees
0
$0
Highest Compensated
1
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
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