WASHBURN PARK INC

EIN: 271189816 501(c)(3)

WORCESTER, MA

Total Revenue
N/A
Total Expenses
$269
Total Assets
N/A
Net Assets
N/A
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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
2009
Legal Domicile
MA
Principal Officer
JINLIU WANG
Phone
5088315000
Tax Period
2023-07-01 to 2024-06-18

Mission

PROVIDE OFFICE SPACE, INFRASTRUCTURE AND PARKING FACILITIES IN A (CONTINUED ON SCHEDULE O) DISTRESSED AREA RELIEVING THE BURDEN OF GOVERNMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $269
TOTAL EXPENSES $269

Year-over-Year Comparison

2023 2022 Change
Revenue N/A $521,755 -1.0%
Expenses $269 $2,037,096 -1.0%
Net Income N/A $-1,515,341 N/A
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
3
Independent Members
N/A
Employees
N/A
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
3
$1,730,079
Total Directors
3
$1,730,079
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL HORAN TREASURER 1.00
Officer Director
$0 $53,477 $630,559
ELIZABETH CLAPP CLERK 1.00
Officer Director
$0 $39,983 $204,736
JINLIU WANG PRESIDENT 1.00
Officer Director
$0 $87,102 $894,784
WINSTON SOBOYEJO FORMER INTERIM PRESIDENT 0.00
$0 $71,981 $612,171
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 $269 No data No data
2023 $521,755 $2,037,096 No data $-1,515,341
2022 $492,483 $2,036,605 $37,099,195 $-1,544,122
2021 $486,220 $2,035,932 $38,431,924 $-1,549,712
2020 $789,962 $2,378,306 $39,764,653 $-1,588,344
2019 $848,703 $2,480,217 $41,098,882 $-1,631,514
2018 $878,878 $2,437,133 $42,445,161 $-1,558,255
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