WATERTOWN AREA COMMUNITY FOUNDATION

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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

1979

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

WATERTOWN AREA COMMUNITY FOUNDATION, founded in 1979, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $958K, a strong 38% operating margin.

Program Service Accomplishments

Program 1

Expenses: $850,206

GRANTS AWARDED TO VARIOUS NONPROFIT ORGANIZATIONS THAT SUPPORT CHARITY, EDUCATION AND CULTURE IN THE WATERTOWN COMMUNITY

Program 2

Expenses: $53,540 Revenue: $108,850

GRANTS AWARDED TO VARIOUS AGENCY FUNDS THAT PROMOTE CHARITY, EDUCATION AND CULTURE IN THE WATERTOWN 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 (2023)

Revenue Breakdown

Contributions & Grants $1,070,846

Program Service Revenue $124,511

Investment Income $1,208,635

Other Revenue $116,874

TOTAL REVENUE $2,520,866

Expense Breakdown

Grants Paid $903,746

Salaries & Benefits $284,826

Fundraising Expenses $77,161

Program Expenses $903,746

Other Expenses $374,546

TOTAL EXPENSES $1,563,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,520,866	$3,535,499	-0.3%
Expenses	$1,563,118	$1,490,643	+0.0%
Net Income	$957,748	$2,044,856	-0.5%

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

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
JOEL VOCKRODT	DIRECTOR	1.00	Director	$0	$0	$0
JULIE RANUM	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE EWALT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT OLSON	TRUSTEE	5.00	Director	$0	$0	$0
JACOB SCHAFFER	TRUSTEE	5.00	Director	$0	$0	$0
TOM BEADNELL	DIRECTOR	1.00	Director	$0	$0	$0
LIAM CULHANE	VICE CHAIRPERSON	1.00	Officer	$0	$0	$0
DR JEFF DANIELSEN	CHAIRPERSON	1.00	Officer	$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	$2,520,866	$1,563,118	$33,313,922	$957,748
2022	$3,535,499	$1,490,643	$30,092,700	$2,044,856
2021	$7,348,083	$1,718,014	$33,816,176	$5,630,069
2020	$2,244,982	$1,438,817	$26,325,832	$806,165
2019	$2,173,923	$1,721,172	$23,707,895	$452,751
2018	$3,954,348	$1,050,784	$19,901,073	$2,903,564