WATERTOWN COMMUNITY FOUNDATION INC (EIN 300229398) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

LAUREN COUGHLIN UNSWORTH

Phone

6179261500

Tax Period

2024-01-01 to 2024-12-31

WATERTOWN COMMUNITY FOUNDATION INC, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $520K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Net assets of $2.2M represent 51 months of operating reserves.

Mission

THE FOUNDATION SEEKS TO PROMOTE A STRONG, CLOSE-KNIT COMMUNITY BY FOSTERING CONNECTIONS, RESPECT AND MUTUAL SUPPORT AMONG WATERTOWN'S DIVERSE RESIDENTS. THE FOUNDATION PROVIDES PHILANTHROPIC SUPPORT FOR THE CURRENT AND FUTURE NEEDS OF THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $315,565

Program Service Revenue $0

Investment Income $212,527

Other Revenue $-7,619

TOTAL REVENUE $520,473

Expense Breakdown

Grants Paid $285,654

Salaries & Benefits $187,914

Fundraising Expenses $34,579

Program Expenses $362,532

Other Expenses $84,925

TOTAL EXPENSES $558,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$520,473	$1,203,950	-0.6%
Expenses	$558,493	$1,254,686	-0.6%
Net Income	$-38,020	$-50,736	-0.3%

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

365

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

$175,443

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ATHELIA TILSON	EXECUTIVE DIRECTOR	40.00	Officer	$136,250	$18,285	$154,535
HEATHER MCMANUS	DIRECTOR OF OPERATIONS	30.00	Officer	$20,908	$0	$20,908
LAUREN UNSWORTH	CO-PRESIDENT	10.00	Officer Director	$0	$0	$0
MARY ANN MULLIGAN	CO-PRESIDENT	10.00	Officer Director	$0	$0	$0
HEATHER LEARY	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
ANTHONY PAOLILLO	TREASURER	10.00	Officer Director	$0	$0	$0
EMILY BARCLAY	SECRETARY	10.00	Officer Director	$0	$0	$0
ALBRIK AVANESSIAN	DIRECTOR	5.00	Director	$0	$0	$0
DAVID SIEGEL	DIRECTOR	5.00	Director	$0	$0	$0
EILEEN HSU-BALZER	DIRECTOR	5.00	Director	$0	$0	$0
FELICIA SULLIVAN	DIRECTOR	5.00	Director	$0	$0	$0
LORA SABIN	DIRECTOR	5.00	Director	$0	$0	$0
NINOS HANNA	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT SHAY	DIRECTOR	5.00	Director	$0	$0	$0
NATHALIE HIGHLAND	DIRECTOR	5.00	Director	$0	$0	$0
KATHRYN MADDEN	DIRECTOR	5.00	Director	$0	$0	$0
JEN NICHOLSON	DIRECTOR	5.00	Director	$0	$0	$0
LEAH PENNINO	DIRECTOR	5.00	Director	$0	$0	$0
DONNA TUCCINARDI	FORMER DIRECTOR	5.00	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	$520,473	$558,493	$2,277,207	$-38,020
2023	$1,203,950	$1,254,686	$2,455,063	$-50,736
2022	$682,820	$867,518	$2,214,408	$-184,698
2021	$707,171	$754,961	$2,753,209	$-47,790
2020	$388,448	$311,898	$2,550,730	$76,550
2019	$220,735	$203,353	$2,224,993	$17,382
2018	$351,658	$231,906	$1,871,436	$119,752

WATERTOWN COMMUNITY FOUNDATION INC