WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION (EIN 043265642) - 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

1995

Legal Domicile

Principal Officer

TIMOTHY P MURRAY

Phone

5087532924

Tax Period

2023-01-01 to 2023-12-31

WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $903K, a strong 44% operating margin.

Mission

SUPPORT THE CHARITABLE PURPOSES OF THE WORCESTER REGIONAL CHAMBER OF COMMERCE (THE CHAMBER) BY: 1) DEVELOPING AND DELIVERING RELEVANT PROGRAMS AND SERVICES TO THE CHAMBER, ITS AFFILIATES, LOCAL BUSINESS COMMUNITY AND GENERAL PUBLIC; AND 2) LESSENING THE BURDENS OF GOVERNMENT BY COMBATTING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY SUPPORTING DISTRESSED AREAS WITHIN THE SERVICE AREAS OF THE CHAMBER.

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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 $1,769,954

Program Service Revenue $142,793

Investment Income $11,212

Other Revenue $108,236

TOTAL REVENUE $2,032,195

Expense Breakdown

Grants Paid $242,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,129,230

Other Expenses $887,250

TOTAL EXPENSES $1,129,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,032,195	$1,488,064	+0.4%
Expenses	$1,129,250	$1,029,910	+0.1%
Net Income	$902,945	$458,154	+1.0%

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

N/A

Volunteers

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

$493,005

Total Directors

$493,005

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEMITRIOS M MOSCHOS	CHAIR/DIRECTOR	0.00	Officer Director	$0	$0	$0
SATYA MITRA	TREASURER/DIRECTOR	0.00	Officer Director	$0	$0	$0
ERIC TORKORNOO	CLERK/DIRECTOR	0.00	Officer Director	$0	$0	$0
TIMOTHY P MURRAY	PRESIDENT	4.00	Officer Director	$0	$1,901	$330,499
KATHERINE BAGDIS	VICE CHAIR	0.00	Officer Director	$0	$0	$0
CHRISTINE CASSIDY	DIRECTOR	0.00	Director	$0	$0	$0
JAMIE SALOIS	DIRECTOR	0.00	Director	$0	$0	$0
CRAIG BLAIS	DIRECTOR	0.00	Director	$0	$0	$0
KOLA AKINDELE	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT D COX JR	DIRECTOR	0.00	Director	$0	$0	$0
ERIC A BUSENBURG	DIRECTOR	0.00	Director	$0	$0	$0
DIANE M GIAMPA	DIRECTOR	0.00	Director	$0	$0	$0
CAROLYN JACKSON	DIRECTOR	0.00	Director	$0	$0	$0
SHEILA KING-GOODWIN	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL CRAWFORD	DIRECTOR	0.00	Director	$0	$0	$0
JACKSON RESTREPO	DIRECTOR	0.00	Director	$0	$0	$0
KAREN PELLETIER	VICE PRESIDENT	4.00	Officer Director	$0	$13,398	$162,506
ERIC GOODWINE	DIRECTOR	0.00	Director	$0	$0	$0
LINDA SALEM PERVIER	HIGHLY COMPENSATED EMPLOYEE	4.00	Highest	$0	$10,843	$111,900

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	$2,032,195	$1,129,250	$2,940,421	$902,945
2022	$1,488,064	$1,029,910	$1,425,378	$458,154
2021	$761,774	$413,425	$871,835	$348,349
2020	$723,643	$366,551	$427,574	$357,092
2019	$20,254	$15,163	$36,730	$5,091
2018	$27,500	$39,550	$31,639	$-12,050

WORCESTER REGIONAL STRATEGIC OPPORTUNITIES FOUNDATION