WAVERLY COMMUNITY HOUSE INC

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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

1919

Legal Domicile

Principal Officer

MICHAEL J POREMBA

Phone

5705868191

Tax Period

2023-01-01 to 2023-12-31

WAVERLY COMMUNITY HOUSE INC, founded in 1919, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $1.0M left a modest 5% surplus.

Mission

THE MISSION OF THE WAVERLY COMMUNITY HOUSE IS TO ENHANCE THE LIVES OF INDIVIDUALS AND FAMILIES IN THE REGION BY FOSTERING EDUCATIONAL, RECREATIONAL AND CULTURAL OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $843,207 Revenue: $275,404

COMMUNITY SERVICE PROGRAMS

Program 2

Expenses: $10,127

BELIN ARTS SCHOLARSHIP

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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 $582,616

Program Service Revenue $220,364

Investment Income $194,803

Other Revenue $77,363

TOTAL REVENUE $1,075,146

Expense Breakdown

Grants Paid $10,127

Salaries & Benefits $501,113

Fundraising Expenses $46,465

Program Expenses $853,334

Other Expenses $512,586

TOTAL EXPENSES $1,023,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,075,146	$1,805,293	-0.4%
Expenses	$1,023,826	$915,363	+0.1%
Net Income	$51,320	$889,930	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J POREMBA	PRESIDENT	2.00	Officer Director	$0	$0	$0
BETSY CURTIN	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
LESLIE PETERS	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFFREY HAUDENSCHIELD	TREASURER	2.00	Officer Director	$0	$0	$0
TIM ATKINS	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM CHICKILLO	DIRECTOR	2.00	Director	$0	$0	$0
SARAH PETREN	DIRECTOR	2.00	Director	$0	$0	$0
MARTINA BACARELLA	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM E AUBREY II	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH KARAM	DIRECTOR	2.00	Director	$0	$0	$0
GRETCHAN HENDERSON	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER KELLY	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN MALONE	DIRECTOR	2.00	Director	$0	$0	$0
NICHOLAS CONSTANZO	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HOBAN	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS HILLEBRAND	DIRECTOR	2.00	Director	$0	$0	$0
MARISA NALEVANKO	DIRECTOR	2.00	Director	$0	$0	$0
EMILY KARAM	DIRECTOR	2.00	Director	$0	$0	$0
SHARON BORGIA	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER KAPP	DIRECTOR	2.00	Director	$0	$0	$0
GREG ROSETTI	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
2024	No data	No data	No data	No data
2023	$1,075,146	$1,023,826	$7,381,196	$51,320
2022	$1,805,293	$915,363	$6,673,281	$889,930
2021	$1,251,375	$780,997	$6,879,240	$470,378
2020	$909,113	$741,099	$5,903,281	$168,014