Friends of the Wallace Center 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

2010

Legal Domicile

Principal Officer

Patricia Burns

Phone

2038693085

Tax Period

2023-09-01 to 2024-08-31

Friends of the Wallace Center Inc, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $195K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $165K, a strong 85% operating margin.

Mission

To raise funds to support capital and programming needs of the Wallace Senior Center.

Program Service Accomplishments

Program 1

Expenses: $17,895

Funded Programs throughout the year for the benefit of members of the Greenwich Senior Center

Program 2

Expenses: $11,990

Donated funds to the organization to complete the renivation of the food service area.

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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 $250

Program Service Revenue $25,680

Investment Income $169,209

Other Revenue $0

TOTAL REVENUE $195,139

Expense Breakdown

Grants Paid $11,990

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,885

Other Expenses $18,070

TOTAL EXPENSES $30,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$195,139	$4,793,561	-1.0%
Expenses	$30,060	$20,091	+0.5%
Net Income	$165,079	$4,773,470	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarit Orlovsky	Secretary, Treasurer	0.50	Officer Director	$0	$0	$0
James B Dougherty	Treasurer	2.00	Officer Director	$0	$0	$0
Anne Marie Hynes	Chairman	8.00	Officer Director	$0	$0	$0
Alessandra Messino Long	Director	0.50	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	No data	No data	No data	No data
2024	$195,139	$30,060	$5,527,267	$165,079
2023	$4,793,561	$20,091	$5,295,625	$4,773,470
2022	$22,608	$353,416	$490,831	$-330,808
2021	$21,322	$26,894	$821,639	$-5,572
2020	$94,042	$43,008	$827,211	$51,034
2019	$80,456	$66,083	$776,177	$14,373