WACHUSETT GREENWAYS INC (EIN 043454354) - 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

1999

Legal Domicile

Principal Officer

COLLEEN ABRAMS

Phone

5088293954

Tax Period

2023-01-01 to 2023-12-31

WACHUSETT GREENWAYS INC, founded in 1999, is a small nonprofit in the Environment sector that reported $390K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $471K exceeded revenue, resulting in a 21% operating deficit.

Mission

WACHUSETT GREENWAYS, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO ENHANCE AWARENESS OF OPEN SPACE AND GREENWAYS. THE ORGANIZATION BUILDS AND MAINTAINS TRAILS AND OFFERS TRAIL EVENTS.

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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 $355,412

Program Service Revenue $0

Investment Income $34,516

Other Revenue $0

TOTAL REVENUE $389,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $453,844

Other Expenses $471,440

TOTAL EXPENSES $471,440

Year-over-Year Comparison

	2023	2022	Change
Revenue	$389,928	$766,514	-0.5%
Expenses	$471,440	$453,753	+0.0%
Net Income	$-81,512	$312,761	-1.3%

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
COLLEEN ABRAMS	PRESIDENT	30.00	Officer Director	$0	$0	$0
TROY MILLIKEN	TREASURER	3.00	Officer Director	$0	$0	$0
MIKE PECKAR	CLERK	5.00	Officer Director	$0	$0	$0
STEVE CHANIS	DIRECTOR	15.00	Director	$0	$0	$0
CHRISTOPHER RYAN	DIRECTOR	5.00	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	$389,928	$471,440	$1,269,291	$-81,512
2022	$766,514	$453,753	$1,329,232	$312,761
2021	$130,019	$137,336	$951,285	$-7,317
2020	$210,251	$150,477	$949,482	$59,774
2019	$162,575	$54,794	$884,091	$107,781
2018	$197,538	$149,599	$768,494	$47,939

WACHUSETT GREENWAYS INC