WATERTOWN AREA UNITED WAY 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

1970

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

WATERTOWN AREA UNITED WAY INC, founded in 1970, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $851K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $246K, a strong 29% operating margin.

Mission

TO ASSIST IN MEETING HUMAN CARE NEEDS OF WATERTOWN AREA RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $491,192

EACH YEAR THE ORGANIZATION HOLDS AN ANNUAL CAPITAL FUND CAMPAIGN TO RAISE MONEY FOR NONPROFIT ORGANIZATIONS IN THE WATERTOWN AREA. THE MONEY RAISED IS DISTRIBUTED IN THE FOLLOWING YEAR TO NONPROFIT...

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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 $843,688

Program Service Revenue $0

Investment Income $7,320

Other Revenue $0

TOTAL REVENUE $851,008

Expense Breakdown

Grants Paid $476,007

Salaries & Benefits $71,816

Fundraising Expenses $47,321

Program Expenses $491,192

Other Expenses $57,508

TOTAL EXPENSES $605,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$851,008	$470,793	+0.8%
Expenses	$605,331	$698,297	-0.1%
Net Income	$245,677	$-227,504	-2.1%

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
JOEY PATEK	DIRECTOR	0.00	Director	$0	$0	$0
ERIC BUETLER	DIRECTOR	0.00	Director	$0	$0	$0
SEAN MELMER	DIRECTOR	0.00	Director	$0	$0	$0
MITCHELL KOEHN	DIRECTOR	0.00	Director	$0	$0	$0
GRACE TSCHAKERT	DIRECTOR	0.00	Director	$0	$0	$0
JOSH HOGUE	DIRECTOR	0.00	Director	$0	$0	$0
BROCK ASMUSSEN	DIRECTOR	0.00	Director	$0	$0	$0
TRACI RABINE	DIRECTOR	0.00	Director	$0	$0	$0
JASON HUTT	DIRECTOR	0.00	Director	$0	$0	$0
MELISSA TERRONEZ	DIRECTOR	0.00	Director	$0	$0	$0
MELISSA HERBOLDT	SECRETARY	0.00	Officer	$0	$0	$0
RYAN REMMERS	PRESIDENT	0.00	Officer	$0	$0	$0
MARK REIERSON	TREASURER	5.00	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	$851,008	$605,331	$882,118	$245,677
2022	$470,793	$698,297	$753,614	$-227,504
2021	$845,070	$782,268	$1,054,816	$62,802
2020	$632,870	$684,637	$910,470	$-51,767
2019	$747,831	$783,179	$1,050,336	$-35,348
2018	$783,520	$776,265	$1,044,052	$7,255