WESTFIELD TECHNICAL ACADEMY FOUNDATION INC (EIN 474528117) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

JOSEPH TREMBLAY

Phone

4132508810

Tax Period

2023-01-01 to 2023-12-31

WESTFIELD TECHNICAL ACADEMY FOUNDATION INC, founded in 2015, is a micro nonprofit in the Education sector that reported $27K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $212K exceeded revenue, resulting in a 672% operating deficit.

Mission

TO ENCOURAGE, FOSTER, TEACH, ENGAGE AND PROVIDE OPPORTUNITIES, SPECIFICALLY IN AREAS OF TECHNICAL EDUCATION, AND TO PROVIDE ASSISTANCE, FINANCIAL, OR OTHERWISE, AT THE LOCAL, STATE, NATIONAL OR INTERNATIONAL LEVELS IN THE PROMOTION OF SUCH TECHNICAL EDUCATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $27,319

Program Service Revenue $0

Investment Income $107

Other Revenue $0

TOTAL REVENUE $27,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $211,757

Other Expenses $211,757

TOTAL EXPENSES $211,757

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,426	$405,552	-0.9%
Expenses	$211,757	$4,326	+47.9%
Net Income	$-184,331	$401,226	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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
ROBERT BOYER	BOARD MEMBER	0.25	Director	$0	$0	$0
JOSEPH TREMBLAY	President	4.00	Officer	$0	$0	$0
LEON SCOTT RICE	Treasurer	0.25	Officer	$0	$0	$0
PETER CLARK	Vice President	0.25	Officer	$0	$0	$0
JOSEPH B MITCHELL	Secretary	0.25	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	$27,426	$211,757	$553,828	$-184,331
2022	$405,552	$4,326	$586,349	$401,226

WESTFIELD TECHNICAL ACADEMY FOUNDATION INC