COMMUNITY DAY CENTER OF WALTHAM 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

2003

Legal Domicile

Principal Officer

MICHAEL COLOMBA

Phone

7819607793

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY DAY CENTER OF WALTHAM INC, founded in 2003, is a small nonprofit that reported $410K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $471K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE COMMUNITY DAY CENTER OF WALTHAM OFFERS AFTERNOON DAY SHELTER, CASE MANAGEMENT, SUPPORT, REFERRALS, COUNSELING, AND FOOD TO HOMELESS MEN AND WOMEN. APPROXIMATELY 250 GUESTS VISIT THE SHELTER ANNUALLY, AVERAGING 35-45 DAILY. THE CENTER ALSO OFFERS ACCESS TO PHONES AND COMPUTERS, A MAILING ADDRESS FOR THE HOMELESS, AND PROGRAMS AND WORKSHOPS THAT DEAL DIRECTLY WITH ISSUES CONFRONTING THE HOMELESS. IN THE WINTER MONTHS, THE COMMUNITY DAY CENTER OF WALTHAM HOSTS A NIGHT PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $440,270

TO PROVIDE COMPREHENSIVE SERVICES FOR PEOPLE IN NEED IN WALTHAM, MA AND THE SURROUNDING TOWNS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $422,905

Program Service Revenue $0

Investment Income $0

Other Revenue $-12,635

TOTAL REVENUE $410,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,517

Fundraising Expenses $0

Program Expenses $440,270

Other Expenses $162,544

TOTAL EXPENSES $471,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,270	$357,008	+0.1%
Expenses	$471,061	$402,365	+0.2%
Net Income	$-60,791	$-45,357	+0.3%

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
MILES HUTTON	DIRECTOR/VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
BARBARA BLAKENEY	DIRECTOR/PRESIDENT	0.00	Officer Director	$0	$0	$0
MICHAEL COLOMBA	DIRECTOR/TREASURER	10.00	Officer Director	$0	$0	$0
SHARON WRIGHT	DIRECTOR	0.00	Director	$0	$0	$0
JANIS LI	DIRECTOR	0.00	Director	$0	$0	$0
LINDA UNGERLEIDER	DIRECTOR	0.00	Director	$0	$0	$0
PAULA LOGAN	DIRECTOR	0.00	Director	$0	$0	$0
PATRICIA MURPHY	DIRECTOR	0.00	Director	$0	$0	$0
JOSHUA LEPSON	DIRECTOR	0.00	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
2024	$410,270	$471,061	$1,522,628	$-60,791
2023	$357,008	$402,365	$1,546,452	$-45,357
2022	$609,765	$377,323	$1,604,782	$232,442
2021	$495,318	$421,238	$1,384,802	$74,080
2020	$750,920	$324,873	$1,322,688	$426,047
2019	$258,852	$228,832	$619,601	$30,020
2018	$256,231	$256,906	$598,090	$-675