KOREAN WAR MEMORIAL OF CENTRAL MASS INC (EIN 043382568) - 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

2002

Legal Domicile

Principal Officer

THOMAS O'CONNOR JR

Phone

5087700111

Tax Period

2023-01-01 to 2023-12-31

KOREAN WAR MEMORIAL OF CENTRAL MASS INC, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $41 in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $8K exceeded revenue, resulting in a 18954% operating deficit.

Mission

THE KOREAN WAR MEMORIAL OF CENTRAL MASS., INC. WAS FORMED TO DESIGN, CONSTRUCT AND MAINTAIN A SUITABLE MEMORIAL WITHIN THE CITY OF WORCESTER, MASSACHUSETTS TO HONOR THOSE WHO SERVED IN THE ARMED FORCES OF THE UNITED STATES DURING THE KOREAN WAR.

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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

Program Service Revenue $0

Investment Income $16

Other Revenue $0

TOTAL REVENUE $41

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,443

Other Expenses $7,812

TOTAL EXPENSES $7,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41	$72	-0.4%
Expenses	$7,812	$9,284	-0.2%
Net Income	$-7,771	$-9,212	-0.2%

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	Role	Reportable Comp	Other Comp	Total
FRANCIS R CARROLL	CLERK/BOARD MEMBER	Officer Director	$0	$0	$0
KENNETH B SWIFT	BOARD MEMBER	Director	$0	$0	$0
SEAMUS SHANLEY	BOARD MEMBER	Director	$0	$0	$0
THOMAS P O'CONNOR JR	CHAIRMAN/BOARD MEMBER	Officer Director	$0	$0	$0
JO ANN M BAUER	TREASURER/CONTROLLER	Officer Director	$0	$0	$0
DANIEL J BRENNOCK	VICE CHAIRMAN/BOARD MEMBE	Officer Director	$0	$0	$0
HARRY KUSTIGIAN	BOARD MEMBER	Director	$0	$0	$0
LISSA HAYNES	BOARD MEMBER	Director	$0	$0	$0
ROBERT LIDDY	BOARD MEMBER	Director	$0	$0	$0
STEVEN GENDUSO	BOARD MEMBER	Director	$0	$0	$0
SEAN M LOVELY SR	BOARD MEMBER	Director	$0	$0	$0
PHILLIP J NIDDRIE	BOARD MEMBER	Director	$0	$0	$0
AMANDA RIIK HERRON	BOARD MEMBER	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	$41	$7,812	$939,016	$-7,771
2022	$72	$9,284	$946,787	$-9,212
2021	$355	$17,245	$955,999	$-16,890
2020	$128	$12,128	$972,889	$-12,000
2019	$142	$11,480	$984,889	$-11,338
2018	$158	$24,599	$996,229	$-24,441

KOREAN WAR MEMORIAL OF CENTRAL MASS INC