WATERTOWN FOUNDATION 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

1925

Legal Domicile

Principal Officer

PAUL JESSELL

Phone

8602742511

Tax Period

2024-09-01 to 2025-08-31

WATERTOWN FOUNDATION INC, founded in 1925, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $427K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $135K, a strong 32% operating margin.

Mission

TO PROVIDE COMMUNITY SUPPORT GRANTS TO LOCAL EXEMPT ORGANIZATIONS FOR CAPITAL ITEMS AND INDIVIDUAL SCHOLARSHIPS TO LOCAL STUDENTS FOR HIGHER EDUCATION EXPENSES.

Program Service Accomplishments

Program 1

Expenses: $292,824 Revenue: $427,490

TO PROVIDE COMMUNITY GRANTS TO LOCAL NON PROFIT ORGANIZATIONS AND SCHOLARSHIPS TO LOCAL STUDENTS.

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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 $148,997

Program Service Revenue $0

Investment Income $278,493

Other Revenue $0

TOTAL REVENUE $427,490

Expense Breakdown

Grants Paid $220,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $292,824

Other Expenses $72,624

TOTAL EXPENSES $292,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$427,490	$817,844	-0.5%
Expenses	$292,824	$230,222	+0.3%
Net Income	$134,666	$587,622	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCIA KILLEEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
TED HEAVENRICH	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
PAULA LABONTE	SECRETARY	N/A	Officer Director	$0	$0	$0
PAUL JESSELL	TREASURER	N/A	Officer Director	$0	$0	$0
MARGARET LONG MCKEE	TRUSTEE	N/A	Director	$0	$0	$0
LINDA MERRIMAN	TRUSTEE	N/A	Director	$0	$0	$0
MARGRET WARNER	TRUSTEE	N/A	Director	$0	$0	$0
TINA AGATI	TRUSTEE	N/A	Director	$0	$0	$0
JOE CALIGIURI	TRUSTEE	N/A	Director	$0	$0	$0
SUSAN ATKINS	TRUSTEE	N/A	Director	$0	$0	$0
JUSTIN GOLDEN	TRUSTEE	N/A	Director	$0	$0	$0
SUSAN SANTOPIETRO	TRUSTEE	N/A	Director	$0	$0	$0
AMY JULIA BECKER	TRUSTEE	N/A	Director	$0	$0	$0
DOUGLAS D'ANDREA	TRUSTEE	N/A	Director	$0	$0	$0
WILLIAM DUNBAR	TRUSTEE	N/A	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	$427,490	$292,824	$5,958,635	$134,666
2024	$817,844	$230,222	$5,579,129	$587,622
2023	$474,165	$218,576	$4,464,142	$255,589
2022	$411,693	$206,282	$4,138,902	$205,411
2021	$244,766	$187,038	$4,871,202	$57,728