FRIENDS OF THE WALTHAM FAMILY SCHOOL INC

EIN: 462772840 501(c)(3) Education

WALTHAM, MA

Total Revenue
$678,610
Total Expenses
$132,869
Total Assets
$1,277,667
Net Assets
$1,277,667
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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
2014
Legal Domicile
MA
Principal Officer
DAVID KING
Phone
7813143367
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF THE WALTHAM FAMILY SCHOOL INC, founded in 2014, is a small nonprofit in the Education sector that reported $679K in total revenue in fiscal year 2024. Revenue surged 225% from the prior year, signaling strong growth momentum. The organization ran a surplus of $546K, a strong 80% operating margin.

Mission

TO ASSIST WITH THE SUSTAINABILITY PLAN TO FILL IN REMAINING FINANCES NEEDED TO FUND THE WALTHAM FAMILY SCHOOL'S BUDGET. WALTHAM FAMILY SCHOOL EMPOWERS ENGLISH LANGUAGE LEARNER FAMILIES TO BE LITERATE, SELF-SUFFICIENT, AND CONNECTED TO THE GREATER WALTHAM 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $651,478
Program Service Revenue $0
Investment Income $33,161
Other Revenue $-6,029
TOTAL REVENUE $678,610

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $123,986
Other Expenses $132,869
TOTAL EXPENSES $132,869

Year-over-Year Comparison

2024 2023 Change
Revenue $678,610 $208,528 +2.3%
Expenses $132,869 $190,919 -0.3%
Net Income $545,741 $17,609 +30.0%
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

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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
12
Independent Members
12
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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACY MCMAHON PRESIDENT 2.00
Officer Director
$0 $0 $0
GWEN POJASEK VICE PRESIDE 2.00
Officer Director
$0 $0 $0
DAVID KING TREASURER 2.00
Officer Director
$0 $0 $0
KATE TRANQUADA CLERK 2.00
Officer Director
$0 $0 $0
KRAEN GRABER DIRECTOR 2.00
Director
$0 $0 $0
KRISTEN LUCKEN DIRECTOR 2.00
Director
$0 $0 $0
DANIEL ROBB DIRECTOR 2.00
Director
$0 $0 $0
AMY SCHAFFER DIRECTOR 2.00
Director
$0 $0 $0
JESSICA HERWICK DIRECTOR 2.00
Director
$0 $0 $0
DENISE GOGUEN DIRECTOR 2.00
Director
$0 $0 $0
RACHEL THEODOROU DIRECTOR 2.00
Director
$0 $0 $0
ELAINE WONG DIRECTOR 2.00
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
2025 $678,610 $132,869 $1,277,667 $545,741
2024 $208,528 $190,919 $679,351 $17,609
2023 $194,165 $155,303 $610,025 $38,862
2022 $231,442 $136,806 $540,152 $94,636
2021 $179,991 $85,523 $499,181 $94,468
2020 $146,660 $116,387 $378,199 $30,273
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