WALLINGFORD COMMITTEE ON AGING INC

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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

1987

Legal Domicile

Principal Officer

ANN ZAK

Phone

2032657753

Tax Period

2024-07-01 to 2025-06-30

WALLINGFORD COMMITTEE ON AGING INC, founded in 1987, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024.

Mission

TO PROVIDE SERVICES AND PROGRAMS FOR THE OLDER ADULTS OF THE WALLINGFORD COMMUNITY THAT PROMOTE THEIR WELL BEING, SUPPORT THEIR INDEPENDENCE AND ENCOURAGE THEIR INVOLVEMENT IN COMMUNITY LIFE.

Program Service Accomplishments

Program 1

Expenses: $250,284 Revenue: $3,134

TRANSPORTATION PROGRAMS - WALLINGFORD TRANSIT AND SENIOR MINIBUS. BUSES ARE STAFFED FIVE DAYS A WEEK AND SERVICED 9,354 RIDERS DURING THE FISCAL YEAR.

Program 2

Expenses: $953,645 Revenue: $394,768

ALL OTHER SENIOR ACTIVITIES INCLUDING: FITNESS PROGRAMS, HEALTH SCREENING, RECREATIONAL PROGRAMS, DROP-IN ACTIVITIES, BENEFITS ASSISTANCE, INFORMATIONAL AND REFERRAL, AND A HOST OF OTHER ACTIVITIES FOR RESIDENTS OVER THE AGE OF SIXTY. DURING THE FISCAL YEAR, THE SENIOR CENTER PROVIDED AND SERVED 2,160 MEALS FROM ITS CAFE, HAD 47,798 REGISTERED MEMBERS, AND HAD RECORDED ATTENDANCE OF 51,032.

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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 $1,026,674

Program Service Revenue $397,902

Investment Income $14,699

Other Revenue $0

TOTAL REVENUE $1,439,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $893,055

Fundraising Expenses $28,258

Program Expenses $1,203,929

Other Expenses $530,002

TOTAL EXPENSES $1,423,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,439,275	$1,388,390	+0.0%
Expenses	$1,423,057	$1,474,398	0.0%
Net Income	$16,218	$-86,008	-1.2%

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

116

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
WILLIAM VIOLA	EXECUTIVE DI	40.00		$103,597	$0	$103,597
STEVE ALLINSON	DIRECTOR	1.00	Director	$0	$0	$0
ANNE BERNICK	DIRECTOR	1.00	Director	$0	$0	$0
EVANGELINE M BOURGEOIS	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARY DEANGELIS	DIRECTOR	1.00	Director	$0	$0	$0
ROCCO DIGENOVA	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
GEORGE DUFFY	TREASURER	2.00	Officer Director	$0	$0	$0
THOMAS FINN	DIRECTOR	1.00	Director	$0	$0	$0
JANE FISHER	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALBERTA FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN GOMES	SECRETARY	2.00	Officer Director	$0	$0	$0
RONALD GRAZIANI	DIRECTOR	1.00	Director	$0	$0	$0
AUDREY GROVE	DIRECTOR	1.00	Director	$0	$0	$0
GLENN HAVUMAKI	DIRECTOR	1.00	Director	$0	$0	$0
TARA KNAPP	DIRECTOR	1.00	Director	$0	$0	$0
KAREN PYSKATY	DIRECTOR	1.00	Director	$0	$0	$0
ANN ZAK	EXECUTIVE DI	40.00	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	$1,439,275	$1,423,057	$1,321,452	$16,218
2024	$1,388,390	$1,474,398	$1,292,251	$-86,008
2023	$1,225,988	$1,185,623	$1,395,636	$40,365
2022	$1,238,215	$1,083,662	$1,290,061	$154,553
2021	$1,008,872	$804,591	$1,148,449	$204,281
2020	$1,157,282	$1,138,250	$931,456	$19,032
2019	$1,230,484	$1,201,712	$944,357	$28,772