WORCESTER HIBERNIAN CULTURAL FOUNDATION INC (EIN 202148447) - 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

2004

Legal Domicile

Principal Officer

SHEILA GOWASKI

Phone

5082390806

Tax Period

2023-01-01 to 2023-12-31

WORCESTER HIBERNIAN CULTURAL FOUNDATION INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $160K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $90K, a strong 56% operating margin.

Mission

IRISH CULTURAL CENTER AND MEETING PLACE FOR THE COMMUNITY AT LARGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $31,676

Program Service Revenue $33,933

Investment Income $0

Other Revenue $94,561

TOTAL REVENUE $160,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,645

Other Expenses $70,606

TOTAL EXPENSES $70,606

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,170	$173,694	-0.1%
Expenses	$70,606	N/A	N/A
Net Income	$89,564	$173,694	-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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

150

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
MARY BELSITO	DIRECTOR	1.00	Director	$0	$0	$0
BILLI BELTON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL COONAN	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH DOYLE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ELIE	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN GANLEY	DIRECTOR	1.00	Director	$0	$0	$0
SEAN GILMARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HESTER	DIRECTOR	1.00	Director	$0	$0	$0
THERESA TRAINOR	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WOODS	DIRECTOR	1.00	Officer Director	$0	$0	$0
STACEY CLARK	CLERK	2.00	Officer	$0	$0	$0
DAVID CLARK	VICE PRESIDENT	2.00	Officer	$0	$0	$0
SHEILA GOWASKI	TREASURER	5.00	Officer	$0	$0	$0
STEVE BELTON	PRESIDENT	4.00	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
2023	$187,461	$97,897	$919,057	$89,564
2023	$160,170	$70,606	$919,057	$89,564
2022	$173,694	$118,840	$847,570	$54,854
2021	$172,138	$87,950	$825,204	$84,188
2020	$85,117	$53,213	$787,521	$31,904
2019	$97,358	$82,993	$747,731	$14,365
2018	$90,183	$46,871	$851,975	$43,312

WORCESTER HIBERNIAN CULTURAL FOUNDATION INC