WESTBOROUGH COMMUNITY LAND TRUST I… - 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

VINCENT SERVELLO

Phone

5086120672

Tax Period

2023-01-01 to 2023-12-31

WESTBOROUGH COMMUNITY LAND TRUST INC, founded in 1997, is a micro nonprofit in the Environment sector that reported $34K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $10K, a strong 30% operating margin.

Mission

OPEN SPACE ACQUISTION, PRESERVATION AND MANAGEMENT AND SCENIC NEEDS OF THE TOWN OF WESTBOROUGH AND TO PRESERVE OPEN SPACE AND THE NATURAL CHARACTER OF THE LAND.

Program Service Accomplishments

Program 1

Expenses: $8,691 Revenue: $1,064

TRAIL DEVELOPMENT AND LAND MANAGEMENT FOR TRAILS AND LAND AVAILABLE TO TOWN OF 18,000 PEOPLE.

Program 2

Expenses: $5,703 Revenue: $0

EDUCATIONAL PROGRAMS AND GUIDED TRAILWALKS AVAILABLE TO TOWN OF 18,000 PEOPLE.

Program 3

Expenses: $0 Revenue: $0

ACQUIRE LAND AND EASEMENTS FOR TRAILS AND OVER 100 ACRES OF OWNED LAND AVAILABLE TO TOWN OF 18,000 PEOPLE.

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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 $25,170

Program Service Revenue $0

Investment Income $9,273

Other Revenue $0

TOTAL REVENUE $34,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,868

Program Expenses $14,394

Other Expenses $24,186

TOTAL EXPENSES $24,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,443	$75,471	-0.5%
Expenses	$24,186	$17,569	+0.4%
Net Income	$10,257	$57,902	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN YEOWELL	SECRETARY	5.00	Officer Director	$0	$0	$0
LORENA ALTAMIRANO	PRESIDENT	5.00	Officer Director	$0	$0	$0
JANET ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN ROWELL	ASSISTANT TREASURER	2.00	Director	$0	$0	$0
MICHELLE SCERBIN	DIRECTOR	2.00	Director	$0	$0	$0
PETER DUNBECK	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
VINCENT SERVELLO	TREASURER	5.00	Officer Director	$0	$0	$0
DEREK STRACHEN	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN O'KEEFE	MEMBER AT LARGE	2.00	Officer Director	$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	$34,443	$24,186	$1,536,603	$10,257
2022	$75,471	$17,569	$1,526,293	$57,902
2021	$99,053	$35,557	$1,468,250	$63,496
2020	$14,991	$82,239	$1,404,814	$-67,248
2019	$22,312	$30,083	$1,472,062	$-7,771
2018	$23,863	$26,784	$1,479,834	$-2,921

WESTBOROUGH COMMUNITY LAND TRUST INC