WAKEFIELD SENIOR HOUSING CORP (EIN 542096956) - 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

MARK TARPEY

Phone

7812457328

Tax Period

2022-07-01 to 2023-06-30

WAKEFIELD SENIOR HOUSING CORP, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $313K in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $350K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE DECENT, CLEAN, AND SANITARY HOUSING TO LOW INCOME ELDERLY PERSONS. HELPING TO PROVIDE AFFORDABLE HOUSING AND ECONOMIC OPPORTUNITY, ENCOURAGE INDIVIDUALS TO ACHIEVE MAXIMUM INDEPENDENCE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $173,733

Program Service Revenue $139,358

Investment Income $246

Other Revenue $0

TOTAL REVENUE $313,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $296,599

Other Expenses $349,857

TOTAL EXPENSES $349,857

Year-over-Year Comparison

	2022	2021	Change
Revenue	$313,337	$271,935	+0.2%
Expenses	$349,857	$373,520	-0.1%
Net Income	$-36,520	$-101,585	-0.6%

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

N/A

Volunteers

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
MARK TARPEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHLEEN BEAULIEU	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN BURKE	CLERK	1.00	Officer Director	$0	$0	$0
JUDY MCCARTHY	TENANT REPRESENTATIVE	1.00	Director	$0	$0	$0
MARIE AMMER	DIRECTOR	1.00	Director	$0	$0	$0
LEO BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA GASS	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN HICKEY	DIRECTOR	1.00	Director	$0	$0	$0
LISA GURGONE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH FOWLER	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$313,337	$349,857	$2,700,334	$-36,520
2022	$271,935	$373,520	$2,739,737	$-101,585
2021	$270,558	$356,816	$2,881,642	$-86,258
2020	$272,032	$375,919	$2,913,701	$-103,887
2019	$275,795	$389,327	$2,976,568	$-113,532
2018	$259,034	$354,986	$3,079,023	$-95,952

WAKEFIELD SENIOR HOUSING CORP