WATERTOWN LOCAL DEVELOPMENT CORPORATION (EIN 161199439) - 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

KYLEE MCGRATH

Phone

3157863494

Tax Period

2025-01-01 to 2025-12-31

WATERTOWN LOCAL DEVELOPMENT CORPORATION, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $456K in total revenue in fiscal year 2025. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $133K, a strong 29% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO FOSTER AN ENVIRONMENT OF COOPERATION BETWEEN THE CITY GOVERNMENT, ECONOMIC DEVELOPMENT AGENCIES AND THE PRIVATE SECTOR WITH THE GOAL OF PROMOTING ECONOMIC EXPANSION AND PROSPERITY IN THE CITY OF WATERTOWN. MOREOVER, THE ORGANIZATION USES FINANCIAL RESOURCES TO LEVERAGE OTHER INVESTMENTS, WITH THE GOAL OF JOB CREATION, RETENTION AND ELIMINATION OF BLIGHT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $263,283

Investment Income $121,783

Other Revenue $70,768

TOTAL REVENUE $455,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,281

Fundraising Expenses $0

Program Expenses $211,467

Other Expenses $107,172

TOTAL EXPENSES $322,453

Year-over-Year Comparison

	2025	2024	Change
Revenue	$455,834	$747,698	-0.4%
Expenses	$322,453	$347,124	-0.1%
Net Income	$133,381	$400,574	-0.7%

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

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

$196,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH COMPO PIERCE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL PIERCE	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
MARSHALL WEIR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINA GRIMSHAW	DIRECTOR	1.00	Director	$0	$0	$0
DAWN COLE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN HUNT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LUMBIS	DIRECTOR	1.00	Director	$0	$0	$0
KYLEE MCGRATH	CEO	40.00	Officer	$91,303	$8,888	$100,191
JOY NUFFER	CFO	40.00	Officer	$66,351	$30,304	$96,655

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	$455,834	$322,453	$10,581,345	$133,381
2024	$747,698	$347,124	$10,247,172	$400,574
2023	$759,545	$1,060,489	$9,714,987	$-300,944
2022	$388,647	$544,652	$9,579,121	$-156,005
2021	$569,962	$833,865	$10,149,008	$-263,903
2020	$523,278	$601,879	$10,372,173	$-78,601
2019	$500,027	$455,798	$10,398,443	$44,229
2018	$490,861	$781,812	$10,076,641	$-290,951

WATERTOWN LOCAL DEVELOPMENT CORPORATION