WESTFORD INITIATIVE FOR SENIOR HOUSING INC (EIN 202208697) - 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

2005

Legal Domicile

Principal Officer

CORNELIA DONAHUE COMTOIS

Phone

9782567425

Tax Period

2022-07-01 to 2023-03-13

Mission

THE ORGANIZATION PREVIOUSLY OPERATED A 36-UNIT HOUSING PROJECT IN WESTFORD, MASSACHUSETTS FOR LOW- INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT AND IS REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$379,922	-1.0%
Expenses	N/A	$4,480,342	-1.0%
Net Income	N/A	$-4,100,420	N/A

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

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

$182,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE MARCAURELLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
WENDY MAURIELLO	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL MURRAY	CLERK	1.00	Officer Director	$0	$0	$0
JUDITH O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
GEORGIANNA MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
CORNELIA DONAHUE COMTOIS	EXECUTIVE DIRECTOR	1.00	Officer	$0	$18,198	$182,300

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	No data	No data	No data	No data
2022	$379,922	$4,480,342	No data	$-4,100,420
2021	$465,522	$542,697	$5,174,375	$-77,175
2020	$390,400	$515,910	$5,229,495	$-125,510
2019	$389,204	$518,181	$5,355,045	$-128,977
2018	$393,903	$516,926	$5,486,077	$-123,023

WESTFORD INITIATIVE FOR SENIOR HOUSING INC