WASHINGTON COMMUNITY FUND INC

EIN: 066038773 501(c)(3) Philanthropy & Grantmaking

WASHINGTON, CT

Total Revenue
$394,832
Total Expenses
$182,289
Total Assets
$2,077,016
Net Assets
$2,077,016
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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
1953
Legal Domicile
CT
Principal Officer
MARY ANNE GREENE
Phone
8608682783
Tax Period
2024-04-01 to 2025-03-31

WASHINGTON COMMUNITY FUND INC, founded in 1953, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $395K in total revenue in fiscal year 2024. Revenue surged 184% from the prior year, signaling strong growth momentum. The organization ran a surplus of $213K, a strong 54% operating margin.

Mission

ASSISTANCE TO LOCAL NEEDY PEOPLE.

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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 $112,671
Program Service Revenue $0
Investment Income $282,161
Other Revenue $0
TOTAL REVENUE $394,832

Expense Breakdown

Grants Paid $162,230
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $162,230
Other Expenses $20,059
TOTAL EXPENSES $182,289

Year-over-Year Comparison

2024 2023 Change
Revenue $394,832 $138,923 +1.8%
Expenses $182,289 $124,256 +0.5%
Net Income $212,543 $14,667 +13.5%
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
6
Independent Members
6
Employees
N/A
Volunteers
10

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICK SOLLEY PRESIDENT 2.00
Officer
$0 $0 $0
MARY ANNE GREENE SECRETARY/ T 2.00
Officer
$0 $0 $0
JIM BRINTON DIRECTOR 1.00
Director
$0 $0 $0
JANE ATHAS DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER POTE DIRECTOR 1.00
Director
$0 $0 $0
MILDRED JOHNSON ASSISTANT TR 1.00
Officer 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 $394,832 $182,289 $2,077,016 $212,543
2024 $138,923 $124,256 $2,041,338 $14,667
2023 $199,967 $124,598 $1,714,626 $75,369
2022 $219,222 $121,910 $1,747,900 $97,312
2021 $644,512 $473,121 $1,644,469 $171,391
2020 $272,669 $107,148 $1,065,832 $165,521
2019 $114,078 $83,456 $900,310 $30,622
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