Mount Wachusett Community College … - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

CARLA ZOTTOLI

Phone

9786326600

Tax Period

2024-07-01 to 2025-06-30

Mount Wachusett Community College Foundation Inc, founded in 1971, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $466K, a strong 38% operating margin.

Mission

TO SECURE TIME, TALENT, AND TREASURE FROM PRIVATE AND PUBLIC SOURCES THAT WILL ENABLE THE COLLEGE TO PROVIDE ACCESSIBLE, AFFORDABLE EDUCATION, AND TO IMPLEMENT, SOCIAL, ECONOMICAL AND CULTURAL INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $423,141

FOSTERING AND PROMOTING EXCELLENCE IN EDUCATION AND RESEARCH THROUGH GRANTS AND ASSISTING IN THE GROWTH AND IMPROVEMENT OF THE COLLEGE.

Program 2

Expenses: $243,848

TO PROVIDE FINANCIAL ASSISTANCE THROUGH SCHOLARSHIPS AND AWARDS TO QUALIFIED STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,061,733

Program Service Revenue $0

Investment Income $69,658

Other Revenue $107,394

TOTAL REVENUE $1,238,785

Expense Breakdown

Grants Paid $666,989

Salaries & Benefits $0

Fundraising Expenses $32,920

Program Expenses $666,989

Other Expenses $105,483

TOTAL EXPENSES $772,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,238,785	$1,162,768	+0.1%
Expenses	$772,472	$1,019,371	-0.2%
Net Income	$466,313	$143,397	+2.3%

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

$146,595

Total Directors

$137,520

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA ZOTTOLI	EXECUTIVE DIRECTOR	9.0	Officer	$0	$11,398	$146,595
NICHOLAS COCHRANE	DIRECTOR	1.0	Director	$0	$8,481	$137,520
JEANIE CONNOLLY	CHAIR	1.0	Officer Director	$0	$0	$0
SCOT BARRETT	TREASURER	1.0	Officer Director	$0	$0	$0
KEITH BOISSINEAU	DIRECTOR	1.0	Director	$0	$0	$0
ANDREW COLAMETA	DIRECTOR	1.0	Director	$0	$0	$0
MARTIN F CONNORS JR	DIRECTOR	1.0	Director	$0	$0	$0
WALTER J DWYER IV	DIRECTOR	1.0	Director	$0	$0	$0
JOSEPH N FORKEY	DIRECTOR	1.0	Director	$0	$0	$0
MELISSA GLENNY	DIRECTOR	1.0	Director	$0	$0	$0
RAYMOND F LAFOND	DIRECTOR	1.0	Director	$0	$0	$0
RAYMOND J MARTINO	DIRECTOR	1.0	Director	$0	$0	$0
ROY NASCIMENTO	DIRECTOR	1.0	Director	$0	$0	$0
CHERYL K SERPE	DIRECTOR	1.0	Director	$0	$0	$0
MARC SURETTE	DIRECTOR	1.0	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	$1,238,785	$772,472	$11,992,617	$466,313
2024	$1,162,768	$1,019,371	$10,615,901	$143,397
2023	$819,994	$846,189	$9,294,735	$-26,195
2022	$1,604,293	$982,781	$8,584,275	$621,512
2021	$617,885	$631,632	$9,595,034	$-13,747
2020	$1,035,218	$1,135,636	$7,597,135	$-100,418
2019	$727,040	$1,061,484	$7,699,395	$-334,444

Mount Wachusett Community College Foundation Inc