COFAR INC

EIN: 222893166 501(c)(3)

LEOMINSTER, MA

Total Revenue
$91,704
Total Expenses
$121,646
Total Assets
$1,896,562
Net Assets
$1,896,562
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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
MA
Principal Officer
WILLIAM STEFANIAK
Phone
5083393379
Tax Period
2025-01-01 to 2025-12-31

COFAR INC, founded in 1987, is a micro nonprofit that reported $92K in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $122K exceeded revenue, resulting in a 33% operating deficit.

Mission

ADVOCACY FOR DEVELOPMENTALLY DISABLED PERSONS

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $7,707
Program Service Revenue $0
Investment Income $83,997
Other Revenue $0
TOTAL REVENUE $91,704

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,040
Fundraising Expenses $0
Program Expenses $103,500
Other Expenses $21,606
TOTAL EXPENSES $121,646

Year-over-Year Comparison

2025 2024 Change
Revenue $91,704 $78,656 +0.2%
Expenses $121,646 $135,264 -0.1%
Net Income $-29,942 $-56,608 -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

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Governance

Voting Members
6
Independent Members
6
Employees
2
Volunteers
6

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS J FRAIN ESQ PRESIDENT 4.00
Officer Director
$0 $0 $0
JOHANNA SMITH VICE-PRESIDENT 4.00
Officer Director
$0 $0 $0
WILLIAM STEFANIAK TREASURER 4.00
Officer Director
$0 $0 $0
MITCH SIKORA DIRECTOR 2.00
Director
$0 $0 $0
KIM MEEHAN DIRECTOR 2.00
Director
$0 $0 $0
TIMOTHY O'CONNELL DIRECTOR 2.00
Director
$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 $91,704 $121,646 $1,896,562 $-29,942
2024 No data No data No data No data
2023 $51,478 $126,892 $1,701,296 $-75,414
2022 $78,735 $145,749 $1,583,233 $-67,014
2021 $125,270 $146,500 $2,059,050 $-21,230
2020 $312,997 $58,130 $1,925,089 $254,867
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