LAKE WARAMAUG TASK FORCE INC

EIN: 061063687 501(c)(3) Environment

WARREN, CT

Total Revenue
$476,333
Total Expenses
$418,458
Total Assets
$1,447,716
Net Assets
$1,444,163
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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
CT
Principal Officer
PEARY STAFFORD
Phone
8608680331
Tax Period
2023-01-01 to 2023-12-31

LAKE WARAMAUG TASK FORCE INC, founded in 1982, is a small nonprofit in the Environment sector that reported $476K in total revenue in fiscal year 2023. Expenses of $418K left a modest 12% surplus.

Mission

TO RESTORE AND MAINTAIN THE WATER QUALITY AND CLARITY OF LAKE WARAMAUG

Program Service Accomplishments

Program 1
Expenses: $353,845 Revenue: $835

SCIENTIFIC STUDY OF LAKE, AND ACTUAL TREATMENT AND MANAGEMENT TO AVOID HARMFUL GROWTHS AND POLLUTION AS WELL AS RESEARCH AND MONITORING TO PROTECT THE LAKE

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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 $467,984
Program Service Revenue $835
Investment Income $7,514
Other Revenue $0
TOTAL REVENUE $476,333

Expense Breakdown

Grants Paid $0
Salaries & Benefits $181,031
Fundraising Expenses $27,783
Program Expenses $353,845
Other Expenses $237,427
TOTAL EXPENSES $418,458

Year-over-Year Comparison

2023 2022 Change
Revenue $476,333 $447,525 +0.1%
Expenses $418,458 $336,973 +0.2%
Net Income $57,875 $110,552 -0.5%
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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Governance

Voting Members
16
Independent Members
15
Employees
6
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
5
$91,115
Total Directors
16
$91,115
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOLLY HART DIRECTOR 1.00
Director
$0 $0 $0
JAMIE BETTER DIRECTOR 1.00
Director
$0 $0 $0
KIRBY MULLEN SECRETARY 2.00
Officer Director
$0 $0 $0
CHRIS ADAMS DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL GUADAGNO CHAIRMAN 10.00
Officer Director
$0 $0 $0
HILARY H CRIOLLO DIRECTOR 1.00
Director
$0 $0 $0
DAVID LINDLEY DIRECTOR 1.00
Director
$0 $0 $0
PEARY STAFFORD TREASURER 5.00
Officer Director
$0 $0 $0
LEE VANCE DIRECTOR 1.00
Director
$0 $0 $0
RANDY BERNARD VICE CHAIRMAN 5.00
Officer Director
$0 $0 $0
DAVE ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
SEAN HAYDEN EXECUTIVE DIRECTOR 40.00
Officer Director
$91,115 $0 $91,115
SHERI BABBIO DIRECTOR 1.00
Director
$0 $0 $0
THOMAS MCGOWAN DIRECTOR 1.00
Director
$0 $0 $0
REESE OWENS DIRECTOR 1.00
Director
$0 $0 $0
PAUL HERZAN DIRECTOR 1.00
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
2024 No data No data No data No data
2024 No data No data No data No data
2023 $476,333 $418,458 $1,447,716 $57,875
2022 $447,525 $336,973 $1,262,509 $110,552
2021 $407,614 $284,245 $1,308,622 $123,369
2020 $349,233 $280,118 $1,104,391 $69,115
2019 $295,176 $307,127 $980,174 $-11,951
2018 $252,250 $276,972 $923,193 $-24,722
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