WOMEN'S FUND OF WESTERN MASSACHUSE… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

VANESSA PABON-HERNANDEZ

Phone

4135290087

Tax Period

2023-07-01 to 2024-06-30

WOMEN'S FUND OF WESTERN MASSACHUSETTS INC, founded in 1997, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $1.2M left a modest 9% surplus.

Mission

THE WOMEN'S FUND OF WESTERN MASSACHUSETTS' MISSION IS TO RAISE FUNDS TO ADVANCE GENDER AND RACIAL EQUITY AND ACKNOWLEDGE, CONFRONT AND DISMANTLE SYSTEMS OF OPPRESSION IN WESTERN MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $280,277

ECONOMIC SECURITY HUB - A FORMAL COLLABORATION FOCUSED ON MARGINALIZED AND ECONOMICALLY DISADVANTAGED WOMEN AND GENDER EXPANSIVE PEOPLE TO BETTER UNDERSTAND AND ADDRESS ALL THE RELATED AND...

ECONOMIC SECURITY HUB - A FORMAL COLLABORATION FOCUSED ON MARGINALIZED AND ECONOMICALLY DISADVANTAGED WOMEN AND GENDER EXPANSIVE PEOPLE TO BETTER UNDERSTAND AND ADDRESS ALL THE RELATED AND INTERCONNECTED DETERMINANTS THAT CREATE OBSTACLES TO ECONOMIC SECURITY.

Program 2

Expenses: $291,163 Revenue: $7,220

GRANTMAKING - THE ORGANIZATION STRIVES TO CREATE A CLIMATE OF ECONOMIC EMPOWERMENT AND DOES SO BY MAKING GRANTS TO WOMEN, GIRLS AND GENDER MARGNIZALIZED PEOPLE-SERVING ORGANIZATIONS IN THE FOUR...

GRANTMAKING - THE ORGANIZATION STRIVES TO CREATE A CLIMATE OF ECONOMIC EMPOWERMENT AND DOES SO BY MAKING GRANTS TO WOMEN, GIRLS AND GENDER MARGNIZALIZED PEOPLE-SERVING ORGANIZATIONS IN THE FOUR COUNTIES OF WESTERN MASSACHUSETTS.

Program 3

Expenses: $283,659

YOUNG WOMEN'S INITIATIVE - THIS IS A SOCIAL JUSTICE AND LEADERSHIP PROGRAM FOR YOUNG WOMEN OF COLOR AND GENDER EXPANSIVE YOUTH FROM SPRINGFIELD IN WHICH PARTICIPANTS, AGED 16-24, IDENTIFY BARRIERS TO THEIR OWN SUCCESS, EXPLORE SOLUTIONS, AND MAKE RECOMMENDATIONS FOR CHANGE IN THEIR COMMUNITY THROUGH MOVEMENT BUILDING AND PHILANTHROPY.

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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 $1,248,354

Program Service Revenue $6,182

Investment Income $57,513

Other Revenue $1,038

TOTAL REVENUE $1,313,087

Expense Breakdown

Grants Paid $424,460

Salaries & Benefits $564,152

Fundraising Expenses $156,042

Program Expenses $855,099

Other Expenses $212,458

TOTAL EXPENSES $1,201,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,313,087	$1,476,001	-0.1%
Expenses	$1,201,070	$1,414,313	-0.2%
Net Income	$112,017	$61,688	+0.8%

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

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

$144,153

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELA LEVANTE	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
LUZED GUZMAN ROMANO	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
NANCY ROBINSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LYNN GRIESEMER	TREASURER	2.00	Officer Director	$0	$0	$0
STEPHANIE DIMICHELE	CLERK	2.00	Officer Director	$0	$0	$0
TAHIRAH AMATUL-WADUD	MEMBER	1.00	Director	$0	$0	$0
MIA LAUER	MEMBER	1.00	Director	$0	$0	$0
MALISSA NAYLOR	MEMBER	1.00	Director	$0	$0	$0
ANNAMIKA NAIR	MEMBER	1.00	Director	$0	$0	$0
ROBYN NEWHOUSE	MEMBER	1.00	Director	$0	$0	$0
LISA RANGHELLI	MEMBER	1.00	Director	$0	$0	$0
JENNIFER SHARROW	MEMBER	1.00	Director	$0	$0	$0
HALLI STEWART	MEMBER	1.00	Director	$0	$0	$0
REBECCA THIBAULT	MEMBER	1.00	Director	$0	$0	$0
VICTORIA WORTH	MEMBER	1.00	Director	$0	$0	$0
MEHLAQA SAMDANI	MEMBER PAST	1.00	Director	$0	$0	$0
ARWEN LOWBRIDGE	MEMBER PAST	1.00	Director	$0	$0	$0
RANIA KFURI	MEMBER PAST	1.00	Director	$0	$0	$0
DONNA HAGHIGHAT	CEO PAST	40.00	Officer	$139,954	$4,199	$144,153
VANESSA PABON-HERNANDEZ	CEO	40.00	Officer	$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
2025	No data	No data	No data	No data
2024	$1,313,087	$1,201,070	$3,814,281	$112,017
2023	$1,476,001	$1,414,313	$3,305,710	$61,688
2021	$808,253	$839,503	$3,662,382	$-31,250
2020	$927,878	$684,966	$3,264,507	$242,912
2019	$829,384	$626,816	$3,254,332	$202,568
2018	$699,977	$786,505	$2,969,107	$-86,528

WOMEN'S FUND OF WESTERN MASSACHUSETTS INC