51 WALDEN INC

EIN: 237282019 501(c)(3) Arts, Culture & Humanities

CONCORD, MA

Total Revenue
$187,311
Total Expenses
$262,277
Total Assets
$348,620
Net Assets
$347,038
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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
1973
Legal Domicile
MA
Principal Officer
ROBERT HAMILTON
Phone
9783697911
Tax Period
2024-07-01 to 2025-06-30

51 WALDEN INC, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $187K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $262K exceeded revenue, resulting in a 40% operating deficit.

Mission

MAINTAIN AND MANAGE THE BUILDING LOCATED AT 51 WALDEN ST, CONCORD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $126,272
Program Service Revenue $60,949
Investment Income $455
Other Revenue $-365
TOTAL REVENUE $187,311

Expense Breakdown

Grants Paid $0
Salaries & Benefits $41,635
Fundraising Expenses $4,345
Program Expenses $87,009
Other Expenses $220,642
TOTAL EXPENSES $262,277

Year-over-Year Comparison

2024 2023 Change
Revenue $187,311 $131,895 +0.4%
Expenses $262,277 $186,129 +0.4%
Net Income $-74,966 $-54,234 +0.4%
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
13
Independent Members
13
Employees
1
Volunteers
N/A

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
4
$38,521
Total Directors
13
$38,521
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLE WAYLAND SECRETARY AND DIRECTOR 20.00
Officer Director
$38,521 $0 $38,521
DEBORAH PEIRCE DIRECTOR 2.00
Director
$0 $0 $0
DAVID ATWOOD DIRECTOR 1.00
Director
$0 $0 $0
HOLLY CRATSLEY DIRECTOR 1.00
Director
$0 $0 $0
LINDA MENKIS DIRECTOR 1.00
Director
$0 $0 $0
SUSAN MINOR DIRECTOR 1.00
Director
$0 $0 $0
JEAN PATTERSON VICE PRESIDENT AND DIRECTO 1.00
Officer Director
$0 $0 $0
SUSAN TUCKER DIRECTOR 1.00
Director
$0 $0 $0
ROB HAMILTON TREASURER AND DIRECTOR 1.00
Officer Director
$0 $0 $0
NICK MILLER PRESIDENT AND DIRECTOR 1.00
Officer Director
$0 $0 $0
STEVEN WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
BILL DOUVRIS DIRECTOR 1.00
Director
$0 $0 $0
RICK SHAMEL DIRECTOR 1.00
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 $187,311 $262,277 $348,620 $-74,966
2025 $187,311 $262,277 $348,620 $-74,966
2024 $131,895 $186,129 $424,955 $-54,234
2023 $152,261 $138,685 $480,617 $13,576
2022 $129,369 $132,221 $464,523 $-2,852
2021 $127,669 $171,542 $467,065 $-43,873
2020 $140,695 $129,510 $519,420 $11,185
2019 $275,377 $133,574 $500,739 $141,803
2018 $273,692 $133,932 $358,699 $139,760
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