THE WELCOME PARTY INC

EIN: 843511352

BOSTON, MA

Total Revenue
$1,624,559
Total Expenses
$1,636,413
Total Assets
$323,624
Net Assets
$263,998
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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
2019
Legal Domicile
MA
Principal Officer
LIAM KERR
Phone
6173987504
Tax Period
2023-10-01 to 2024-09-30

THE WELCOME PARTY INC, founded in 2019, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE ORGANIZATION IS TO IMPROVE AND BROADEN PARTICIPATION IN DEMOCRACY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,618,355
Program Service Revenue $6,126
Investment Income $0
Other Revenue $78
TOTAL REVENUE $1,624,559

Expense Breakdown

Grants Paid $344,218
Salaries & Benefits $26,686
Fundraising Expenses $54,723
Program Expenses $1,424,113
Other Expenses $1,212,793
TOTAL EXPENSES $1,636,413

Year-over-Year Comparison

2023 2022 Change
Revenue $1,624,559 $856,192 +0.9%
Expenses $1,636,413 $808,660 +1.0%
Net Income $-11,854 $47,532 -1.2%
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

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Governance

Voting Members
3
Independent Members
2
Employees
1
Volunteers
2

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LIAM KERR DIRECTOR, PRESIDENT 5.00
Officer Director
$0 $0 $0
CATHARINE BELLINGER DIRECTOR 1.00
Director
$0 $0 $0
MIKE BLAND 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
2024 $1,624,559 $1,636,413 $323,624 $-11,854
2023 $856,192 $808,660 $428,118 $47,532
2022 $755,001 $563,220 $360,395 $191,781
2021 $275,018 $276,524 $70,513 $-1,506
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