A WISH COME TRUE INC

EIN: 050398808 501(c)(3)

COVENTRY, RI

Total Revenue
$865,684
Total Expenses
$868,809
Total Assets
$771,464
Net Assets
$684,121
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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
1982
Legal Domicile
RI
Principal Officer
MARY KATE O'LEARY
Phone
4017819199
Tax Period
2023-01-01 to 2023-12-31

A WISH COME TRUE INC, founded in 1982, is a small nonprofit that reported $866K in total revenue in fiscal year 2023. Revenue surged 133% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO GRANT CHILDREN SUFFERING WITH A LIFE THREATENING ILLNESS A MAGICAL WISH. WE PROVIDE WISHES TO CHILDREN, AGES 3-18, THROUGHOUT RI AND SOUTHEASTERN MA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $553,205
Program Service Revenue $0
Investment Income $50,386
Other Revenue $262,093
TOTAL REVENUE $865,684

Expense Breakdown

Grants Paid $272,640
Salaries & Benefits $373,621
Fundraising Expenses $98,673
Program Expenses $698,575
Other Expenses $222,548
TOTAL EXPENSES $868,809

Year-over-Year Comparison

2023 2022 Change
Revenue $865,684 $371,948 +1.3%
Expenses $868,809 $217,497 +3.0%
Net Income $-3,125 $154,451 -1.0%
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

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Governance

Voting Members
14
Independent Members
14
Employees
10
Volunteers
214

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
4
$124,220
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAULA PAIS-LEACH BOARD CHAIR 4.00
Officer Director
$0 $0 $0
AMY PARKER ESQ BOARD MEMBER 2.00
Director
$0 $0 $0
SEAN FINNEGAN TREASURER 4.00
Officer Director
$0 $0 $0
RON VOLPE SECRETARY 4.00
Officer Director
$0 $0 $0
JEFF BECKWITH BOARD MEMBER 2.00
Director
$0 $0 $0
SEAN CAREY BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN CARVALHO BOARD MEMBER 2.00
Director
$0 $0 $0
BILL FINNEGAN BOARD MEMBER 2.00
Director
$0 $0 $0
KEVIN MILLONZI BOARD MEMBER 2.00
Director
$0 $0 $0
TRACY WALSH BOARD MEMBER 2.00
Director
$0 $0 $0
COLLEEN DUFFY BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL POIRIER BOARD MEMBER 2.00
Director
$0 $0 $0
EVAN FINNEGAN BOARD MEMBER 2.00
Director
$0 $0 $0
RYAN FINNEGAN BOARD MEMBER 2.00
Director
$0 $0 $0
MARY KATE O'LEARY EXECUTIVE DIRECTOR 40.00
Officer
$115,446 $8,774 $124,220
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 $865,684 $868,809 $771,464 $-3,125
2022 $559,295 $620,079 $624,580 $-60,784
2022 $665,532 $625,606 $637,519 $39,926
2022 $371,948 $217,497 $727,339 $154,451
2021 $771,868 $718,588 $688,543 $53,280
2020 $552,826 $564,381 $625,203 $-11,555
2019 $476,158 $601,317 $605,815 $-125,159
2018 $452,044 $533,723 $686,231 $-81,679
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