FRIENDS OF WELLESLEY METCO 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

2007

Legal Domicile

Principal Officer

TIM KELLY

Phone

7812355302

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF WELLESLEY METCO INC, founded in 2007, is a small nonprofit in the Education sector that reported $102K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $30K, a strong 30% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO SUPPORT METCO STUDENTS IN THE WELLESLEY PUBLIC SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $24,199

SUBSIDIES FOR WELLESLEY METCO PROGRAM ACTIVITIES IN THE WELLESLEY PUBLIC SCHOOL SYSTEM INCLUDING TUTORING, TEST PREP, ACADEMIC ENRICHMENT AND EXTRA-CURRICULAR PROGRAMMING.

Program 2

Expenses: $25,000

SCHOLARSHIPS AND ACADEMIC ACHIEVEMENT AWARDS FOR WELLESLEY METCO STUDENTS, INCLUDING MIDDLE AND HIGH SCHOOL STUDENTS, BUT PRIMARILY GRADUATING SENIORS AND ALUMNI ENROLLED IN POST-SECONDARY DEGREE...

SCHOLARSHIPS AND ACADEMIC ACHIEVEMENT AWARDS FOR WELLESLEY METCO STUDENTS, INCLUDING MIDDLE AND HIGH SCHOOL STUDENTS, BUT PRIMARILY GRADUATING SENIORS AND ALUMNI ENROLLED IN POST-SECONDARY DEGREE PROGRAMS.

Program 3

Expenses: $18,692

SUBSIDIES FOR AFTER-SCHOOL AND SUMMER ACADEMIC PROGRAMMING FOR ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS AND FOR MIDDLE SCHOOL STUDENT CIVIL RIGHTS TRIP.

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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 $95,966

Program Service Revenue $0

Investment Income $5,693

Other Revenue $0

TOTAL REVENUE $101,659

Expense Breakdown

Grants Paid $43,692

Salaries & Benefits $0

Fundraising Expenses $1,100

Program Expenses $67,891

Other Expenses $27,762

TOTAL EXPENSES $71,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,659	$114,172	-0.1%
Expenses	$71,454	$75,576	-0.1%
Net Income	$30,205	$38,596	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM KELLY	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
TINEA ROCHELLE	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
NAN SHEN	TREASURER	2.00	Officer Director	$0	$0	$0
DAWN WOODS	ASST-TREASUR	2.00	Officer Director	$0	$0	$0
SUSAN WESTMORELAND	CLERK	2.00	Officer Director	$0	$0	$0
CAROL DUBE	DIRECTOR	2.00	Director	$0	$0	$0
VELITA PERSON	DIRECTOR	2.00	Director	$0	$0	$0
SHANA HARDGRAVE	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET HAYLON	DIRECTOR	2.00	Director	$0	$0	$0
STACY OKADA	DIRECTOR	2.00	Director	$0	$0	$0
KATE ROOSEVELT	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	$101,659	$71,454	$405,877	$30,205
2023	$114,172	$75,576	$375,672	$38,596
2022	$106,966	$71,997	$337,076	$34,969
2021	$107,319	$136,428	$302,107	$-29,109
2020	$139,932	$139,941	$331,216	$-9
2019	$146,794	$128,492	$331,225	$18,302
2018	$176,381	$134,159	$312,923	$42,222