WATERBURY MEDICAL ASSOCIATION

EIN: 066025659

BLOOMFIELD, CT

Total Revenue
$168,593
Total Expenses
$63,675
Total Assets
$2,564,918
Net Assets
$2,559,118
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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
CT
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

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

Program Service Accomplishments

Program 1

THE ASSOCIATION WORKED FOR THE SCIENTIFIC AND EDUCATIONAL ADVANCEMENT OF ITS MEMBERS, PROMOTED A GOOD UNDERSTANDING AND HARMONIOUS RELATIONSHIP AMONG THE MEMBERS, AND AIDED THE DEVELOPMENT OF BETTER...

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THE ASSOCIATION WORKED FOR THE SCIENTIFIC AND EDUCATIONAL ADVANCEMENT OF ITS MEMBERS, PROMOTED A GOOD UNDERSTANDING AND HARMONIOUS RELATIONSHIP AMONG THE MEMBERS, AND AIDED THE DEVELOPMENT OF BETTER HEALTH IN THE COMMUNITY THROUGH VARIOUS MEETINGS AND PROGRAMS.

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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 (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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
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
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