WASHINGTON PARK CITIZENS ASSOCIATION INC (EIN 050380961) - 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

1969

Legal Domicile

Principal Officer

SEAN MURPHY

Phone

4014616650

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON PARK CITIZENS ASSOCIATION INC, founded in 1969, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $412K, a strong 37% operating margin.

Mission

THE WASHINGTON PARK CITIZENS ASSOCIATION, INC. (THE ORGANIZATION) IS A NONPROFIT ORGANIZATION INCORPORATED IN THE STATE OF RHODE ISLAND IN 1969. THE ORGANIZATION OPERATES WASHINGTON PARK COMMUNITY CENTER, WHICH PROVIDES CHILDCARE PROGRAMS FOR YOUTH UNDER THE AGE OF THIRTEEN, AS WELL AS SOCIAL SERVICES FOR NEIGHBORHOOD RESIDENTS OVER EIGHTEEN WHO RESIDE IN THE WASHINGTON PARK AREA OF PROVIDENCE, RHODE ISLAND. THE ORGANIZATION IS SUPPORTED PRIMARILY THROUGH STATE GOVERNMENT GRANTS AND CONTRACTS, AND PROGRAM FEES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $296,490

Program Service Revenue $373,805

Investment Income $446,585

Other Revenue $875

TOTAL REVENUE $1,117,755

Expense Breakdown

Grants Paid $31,333

Salaries & Benefits $482,677

Fundraising Expenses $0

Program Expenses $561,147

Other Expenses $191,547

TOTAL EXPENSES $705,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,117,755	$646,940	+0.7%
Expenses	$705,557	$654,324	+0.1%
Net Income	$412,198	$-7,384	-56.8%

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

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

$58,135

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA SPRINGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHLEEN JOHNSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
NELSON TAYLOR	BOARD MEMBER	0.50	Director	$0	$0	$0
SALI DUTRA	BOARD MEMBER	0.50	Director	$0	$0	$0
TERESA AVRAMIS	BOARD MEMBER	0.50	Director	$0	$0	$0
EVERETT BROOKS	BOARD MEMBER	0.50	Director	$0	$0	$0
HECTOR COLON	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT CHRISTIAN	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANCES MURPHY	EXECUTIVE DIRECTOR	28.00	Officer	$52,000	$6,135	$58,135

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	$1,117,755	$705,557	$6,550,216	$412,198
2024	$646,940	$654,324	$6,082,004	$-7,384
2023	$728,244	$647,528	$5,529,713	$80,716
2022	$1,305,553	$677,111	$5,064,394	$628,442
2022	$1,314,084	$644,562	$5,098,787	$669,522
2021	$765,040	$710,461	$5,271,396	$54,579
2021	$675,639	$645,352	$5,316,611	$30,287
2020	$899,354	$670,017	$4,318,287	$229,337
2020	$1,015,124	$650,206	$4,348,603	$364,918
2019	$823,505	$749,695	$4,252,779	$73,810
2018	$837,172	$766,666	$4,121,587	$70,506

WASHINGTON PARK CITIZENS ASSOCIATION INC