Wakefield Food Pantry Inc (EIN 043656505) - 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

Doreen McGowan

Tax Period

2023-07-01 to 2024-06-30

Wakefield Food Pantry Inc, founded in 2002, is a small nonprofit in the Religion sector that reported $800K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $755K left a modest 6% surplus.

Mission

To provide food assistance to Wakefield residents in need.

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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 $767,425

Program Service Revenue $0

Investment Income $32,974

Other Revenue $0

TOTAL REVENUE $800,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,159

Fundraising Expenses $0

Program Expenses $701,764

Other Expenses $613,553

TOTAL EXPENSES $754,712

Year-over-Year Comparison

	2023	2022	Change
Revenue	$800,399	$591,710	+0.4%
Expenses	$754,712	$573,211	+0.3%
Net Income	$45,687	$18,499	+1.5%

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

Total Directors

Key Employees

$38,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maureen Miller	Executive Director	20.00	Key Emp	$38,500	$0	$38,500
Catherine Dhingra	Director	1.00	Director	$0	$0	$0
Nancy Delaney	Director	1.00	Director	$0	$0	$0
John Zaya	Director	1.00	Director	$0	$0	$0
Melissa Lowry	Director	5.00	Director	$0	$0	$0
Steven Doherty	Treasurer	5.00	Officer	$0	$0	$0
Rose Finn	Clerk	1.00	Officer	$0	$0	$0
Doreen McGowan	President	5.00	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	$800,399	$754,712	$1,187,328	$45,687
2023	$591,710	$573,211	$1,119,212	$18,499
2022	$673,790	$423,456	$1,094,159	$250,334
2021	$720,157	$372,215	$855,765	$347,942
2020	$850,725	$494,871	$508,035	$355,854
2019	$499,193	$499,024	$152,069	$169
2018	$508,132	$503,925	$150,630	$4,207

Wakefield Food Pantry Inc