WORC REALTY CORP (EIN 111705310) - 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

1950

Legal Domicile

Principal Officer

PAUL PEDRETTI

Phone

2019525190

Tax Period

2024-10-01 to 2025-09-30

WORC REALTY CORP, founded in 1950, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $207K, a strong 20% operating margin.

Mission

Holds title to a tract of land which is the site for members' individually owned summer cottages in Oakdale, NY. The organization pays maintenance and improvements to the facilities and also collects and remits real estate taxes on behalf of the members.

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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 $1,019,491

Investment Income $23,297

Other Revenue $0

TOTAL REVENUE $1,042,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,297

Fundraising Expenses $0

Other Expenses $819,408

TOTAL EXPENSES $835,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,042,788	$1,021,835	+0.0%
Expenses	$835,705	$772,045	+0.1%
Net Income	$207,083	$249,790	-0.2%

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

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

$1,500

Total Directors

$2,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE BIAGI	Trustee	2.00	Director	$1,000	$0	$1,000
GREGORY CHILDS	Trustee	2.00	Director	$1,000	$0	$1,000
GEORGE PARISI	Secretary	2.00	Officer	$500	$0	$500
FREDERICK JEHLE	Treasurer	2.00	Officer	$500	$0	$500
PAUL PEDRETTI	President	2.00	Officer	$500	$0	$500
PETER HALAGARDA	Trustee	2.00	Director	$0	$0	$0
ROBERT PALERMO	Trustee	2.00	Director	$0	$0	$0
JIM AIRD	Trustee	2.00	Director	$0	$0	$0
STEVE KORIN	Vice President	2.00	Officer	$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	$1,042,788	$835,705	$5,602,814	$207,083
2024	$1,021,835	$772,045	$5,690,037	$249,790
2023	$1,160,753	$777,562	$5,348,610	$383,191
2022	$903,508	$815,499	$5,360,403	$88,009
2021	$805,735	$788,211	$5,336,849	$17,524
2020	$846,543	$716,792	$5,448,684	$129,751

WORC REALTY CORP