WILLIAMS MEMORIAL INSTITUTE

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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

1891

Legal Domicile

Principal Officer

MARK FADER

Phone

8604435333

Tax Period

2024-07-01 to 2025-06-30

WILLIAMS MEMORIAL INSTITUTE, founded in 1891, is a community nonprofit in the Education sector that reported $9.0M in total revenue in fiscal year 2024. Net assets of $22.6M represent 30 months of operating reserves.

Mission

TO FOSTER THE INTELLECTUAL, MORAL, CREATIVE, AND PHYSICAL DEVELOPMENT OF STUDENTS IN PREPARATION FOR COLLEGE, LIFELONG LEARNING, AND ACTIVE PARTICIPATION IN AN EVOLVING WORLD.

Program Service Accomplishments

Program 1

Expenses: $7,129,612 Revenue: $7,258,032

WILLIAMS MEMORIAL INSTITUTE'S PRIMARY PROGRAM SERVICE IS PROVIDING EDUCATION FOR APPROXIMATELY 191 STUDENTS FROM GRADES SIX THROUGH TWELVE.

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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 $861,359

Program Service Revenue $7,258,032

Investment Income $808,168

Other Revenue $25,319

TOTAL REVENUE $8,952,878

Expense Breakdown

Grants Paid $1,622,320

Salaries & Benefits $5,028,827

Fundraising Expenses $256,279

Program Expenses $7,129,612

Other Expenses $2,302,906

TOTAL EXPENSES $8,954,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,952,878	$8,414,398	+0.1%
Expenses	$8,954,053	$8,153,646	+0.1%
Net Income	$-1,175	$260,752	-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

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

$518,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK FADER	HEAD OF SCHOOL	40.00	Officer	$348,287	$84,352	$432,639
FREDA GIMPEL	CHIEF FINANCIAL OFFICER	32.00	Officer	$77,965	$7,796	$85,761
SHARON GAUDREAU	ASST. HEAD OF SCHOOL FOR ENROLLMENT	40.00	Highest	$130,617	$31,127	$161,744
JANE HANNON	ASST. HEAD OF SCHOOL FOR TEACHING/LEARNING	40.00	Highest	$123,890	$31,593	$155,483
MICHAEL ALAN LAWTON	DIRECTOR OF FACILITES	40.00	Highest	$124,656	$26,585	$151,241
DANA CLARK	DIRECTOR OF COLLEGE COUNSELING	40.00	Highest	$102,425	$9,738	$112,163
DWAYNE XENELIS	PRESIDENT	10.00	Officer Director	$0	$0	$0
ROBERT KAPLAN	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
PATRICIA LUXTON	SECRETARY	2.00	Officer Director	$0	$0	$0
JARED KLEE	TREASURER	4.00	Officer Director	$0	$0	$0
BRIAN BONNER	TRUSTEE	4.00	Director	$0	$0	$0
RODNEY BUTLER	TRUSTEE	2.00	Director	$0	$0	$0
JOE DELAURENTIS	TRUSTEE	2.00	Director	$0	$0	$0
AMY DOOLING	TRUSTEE UNTIL 1/25	2.00	Director	$0	$0	$0
SUSAN DOWLING	TRUSTEE	2.00	Director	$0	$0	$0
ASIM EJAZ	TRUSTEE	2.00	Director	$0	$0	$0
MATT GARDZINA	TRUSTEE AS OF 1/25	2.00	Director	$0	$0	$0
KATIE GINGRAS	TRUSTEE	2.00	Director	$0	$0	$0
BRUCE GOLDSTEIN	TRUSTEE	2.00	Director	$0	$0	$0
BRUCE HARVEY	TRUSTEE	2.00	Director	$0	$0	$0
MARY ELLEN JUKOSKI	TRUSTEE	4.00	Director	$0	$0	$0
RUSSELL LEARNED	TRUSTEE UNTIL 2/25	4.00	Director	$0	$0	$0
JON MARSTON	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW MCKILLOP	TRUSTEE	2.00	Director	$0	$0	$0
ADAM MILNE	TRUSTEE	2.00	Director	$0	$0	$0
BEN NEWTON	TRUSTEE	2.00	Director	$0	$0	$0
TYLER POTTS	TRUSTEE	2.00	Director	$0	$0	$0
CLINT REID	TRUSTEE	4.00	Director	$0	$0	$0
COLLEEN REARDON SHAY	TRUSTEE	2.00	Director	$0	$0	$0
ERIC SABETTA	TRUSTEE	2.00	Director	$0	$0	$0
KELLY SIMPSON-ANGELINI	TRUSTEE	2.00	Director	$0	$0	$0
HUNTER TURA	TRUSTEE	2.00	Director	$0	$0	$0
AMY VAN DER VELDE	TRUSTEE	2.00	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
2025	$8,952,878	$8,954,053	$30,612,215	$-1,175
2024	$8,414,398	$8,153,646	$25,932,640	$260,752
2023	$7,059,760	$7,547,906	$23,629,845	$-488,146
2022	$7,241,493	$7,691,617	$22,573,085	$-450,124
2021	$13,334,009	$7,717,795	$25,239,797	$5,616,214
2020	$8,821,161	$7,830,841	$23,071,748	$990,320
2019	$8,124,252	$7,736,374	$21,476,495	$387,878
2018	$8,276,745	$7,703,797	$20,584,421	$572,948