WESTERLY AREA REST MEALS (WARM) INC (EIN 222887878) - 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

1987

Legal Domicile

Principal Officer

RUSSELL J PARTRIDGE

Phone

4015969276

Tax Period

2023-07-01 to 2024-06-30

WESTERLY AREA REST MEALS (WARM) INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE WARM CENTER IS TO PROVIDE A CONTINUUM OF CARE AND SERVICE TO THE HOMELESS AND NEEDY BY PROVIDING AFFORDABLE HOUSING AND ASSURING SUPPORTIVE SERVICES, AND TO HELP THE HOMELESS AND NEEDY BUILD SELF-ESTEEM AND MOVE TOWARD INDEPENDENT AND RESPONSIBLE LIVING.

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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 $2,367,894

Program Service Revenue $85,689

Investment Income $6,850

Other Revenue $-3,950

TOTAL REVENUE $2,456,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,328,850

Fundraising Expenses $69,994

Program Expenses $2,174,100

Other Expenses $1,315,089

TOTAL EXPENSES $2,643,939

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,456,483	$2,519,497	0.0%
Expenses	$2,643,939	$2,355,099	+0.1%
Net Income	$-187,456	$164,398	-2.1%

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

326

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

$139,481

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA BROUILLETTE	SECRETARY	3.00	Officer Director	$0	$0	$0
TAMMIE SIMAO	TREASURER	3.00	Officer Director	$0	$0	$0
MICHAEL BONTEMPO	BOARD MEMBER	2.00	Director	$0	$0	$0
ALAN MARTONE	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER SLOM	PRESIDENT	3.00	Officer Director	$0	$0	$0
KIM MOYNIHAN GIACHELLO	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN OWREN	BOARD MEMBER	2.00	Director	$0	$0	$0
NICOLE PALIOTTI	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIZABETH TURNER	BOARD MEMBER	2.00	Director	$0	$0	$0
THERESA SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
JEROME RAY	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN CILLINO	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHANIE NOWELL	VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
HEATHER TURCOTTE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY NASI-GRAHAM	BOARD MEMBER	2.00	Director	$0	$0	$0
MATT ROMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
BETH COOKE	BOARD MEMBER	2.00	Director	$0	$0	$0
JILLIAN WASSMER	BOARD MEMBER	2.00	Director	$0	$0	$0
RUSSELL PARTRIDGE	EXECUTIVE DIRECTOR	40.00	Officer	$113,885	$25,596	$139,481

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	No data	No data	No data	No data
2024	$2,456,483	$2,643,939	$2,680,380	$-187,456
2023	$2,519,497	$2,355,099	$2,865,569	$164,398
2022	$1,562,274	$1,644,908	$2,705,799	$-82,634
2021	$1,698,741	$1,366,310	$2,373,354	$332,431
2020	$1,331,240	$1,296,277	$2,153,622	$34,963
2019	$1,132,388	$1,167,975	$1,992,101	$-35,587
2018	$1,124,379	$1,217,832	$2,039,623	$-93,453

WESTERLY AREA REST MEALS (WARM) INC