WATERBURY MEDICAL ASSOCIATION (EIN 066025659) - 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

1981

Legal Domicile

Principal Officer

MARY YOKOSE

Phone

8602433977

Tax Period

2024-01-01 to 2024-12-31

WATERBURY MEDICAL ASSOCIATION, founded in 1981, is a small nonprofit that reported $169K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 62% operating margin.

Mission

THE PURPOSES OF THIS ASSOCIATION ARE TO DEVISE AND EFFECT MEASURES FOR THE SCIENTIFIC AND EDUCATIONAL ADVANCEMENT OF THE MEMBERS OF SAID ASSOCIATION, TO PROMOTE A GOOD UNDERSTANDING AND HARMONIOUS RELATIONSHIP AMONG THE MEMBERS, AND TO AID THE DEVELOPMENT OF BETTER HEALTH IN THE COMMUNITY.

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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 $0

Program Service Revenue $13,095

Investment Income $155,498

Other Revenue $0

TOTAL REVENUE $168,593

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $57,675

TOTAL EXPENSES $63,675

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,593	$136,582	+0.2%
Expenses	$63,675	$68,297	-0.1%
Net Income	$104,918	$68,285	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA NEEDLEMAN MD	PRESIDENT	0.50	Officer Director	$0	$0	$0
SALVATORE FERRANTE MD	SECRETARY	0.50	Officer Director	$0	$0	$0
STEPHEN TORREY MD	TREASURER	0.50	Officer Director	$0	$0	$0
ROBERT WETMORE MD	PRESEIDENT ELECT	0.50	Officer Director	$0	$0	$0
EARL BUENO MD	MEMBER AT LARGE	0.50	Director	$0	$0	$0
VICTOR CHANG MD	MEMBER AT LARGE	0.50	Director	$0	$0	$0
JAMES FINN MD	IMMEDIATE PAST PRESIDENT	0.50	Director	$0	$0	$0
JUAN HOLGUIN MD	MEMBER AT LARGE	0.50	Director	$0	$0	$0
EDUARDO MARI MD	MEMBER AT LARGE	0.50	Director	$0	$0	$0
DWIGHT F MILLER MD TERM 124	PAST PRESIDENT AT LARGE	0.50	Director	$0	$0	$0
ERIC OLSON MD	MEMBER AT LARGE	0.50	Director	$0	$0	$0
ELIZABETH RINEHART MD	MEMBER AT LARGE	0.50	Director	$0	$0	$0
NIEL F SCHIFF MD	PAST PRESIDENT AT LARGE	0.50	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	$168,593	$63,675	$2,564,918	$104,918
2023	$136,582	$68,297	$2,261,437	$68,285
2022	$59,053	$66,273	$1,938,715	$-7,220
2021	$54,398	$56,275	$2,389,006	$-1,877
2020	$55,926	$60,669	$2,082,033	$-4,743

WATERBURY MEDICAL ASSOCIATION