WORCESTER PUBLIC MARKET INC (EIN 815178390) - 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

2017

Legal Domicile

Principal Officer

ALLEN FLETCHER

Phone

5088684274

Tax Period

2023-01-01 to 2023-12-31

WORCESTER PUBLIC MARKET INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $919K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $139K, a strong 15% operating margin.

Mission

TO ENGAGE IN A VARIETY OF FOOD-RELATED RETAIL ACTIVITIES THAT CONTRIBUTE TO URBAN REVITALIZATION, ECONOMIC DEVELOPMENT, JOB CREATION, FARM-TO-CONSUMER AGRICULTURAL ENHANCEMENT, AND CULTURAL EXCHANGE.

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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 $652,193

Program Service Revenue $0

Investment Income $1,050

Other Revenue $265,498

TOTAL REVENUE $918,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,375

Fundraising Expenses $0

Program Expenses $683,058

Other Expenses $482,725

TOTAL EXPENSES $780,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$918,741	$794,620	+0.2%
Expenses	$780,100	$679,637	+0.1%
Net Income	$138,641	$114,983	+0.2%

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
EDITH MURNANE	DIRECTOR	1.00	Director	$0	$0	$0
FRANK ZITOMERSKY	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN FLETCHER	PRESIDENT	10.00	Officer	$0	$0	$0
RAYMOND QUINLAN	TREASURER	3.00	Officer	$0	$0	$0
CARMEN VAZQUEZ	CLERK	3.00	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	$918,741	$780,100	$5,324,791	$138,641
2022	$794,620	$679,637	$5,513,194	$114,983
2021	$420,943	$547,205	$2,045,269	$-126,262
2021	$402,247	$547,205	$2,045,269	$-144,958
2020	$1,428,404	$359,990	$2,173,079	$1,068,414
2019	$1,436,295	$669,511	$1,062,575	$766,784

WORCESTER PUBLIC MARKET INC