FRIENDS OF WALPOLE RECREATION INC

EIN: 843990164 501(c)(3) Recreation & Sports

EAST WALPOLE, MA

Total Revenue
$341,055
Total Expenses
$442,883
Total Assets
$140,989
Net Assets
$140,989
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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
JENNIFER GEOSITS
Phone
6173886377
Tax Period
2022-01-01 to 2022-12-31

FRIENDS OF WALPOLE RECREATION INC, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $341K in total revenue in fiscal year 2022. Revenue surged 103% from the prior year, signaling strong growth momentum. Expenses of $443K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO RAISE FUNDS FOR RECREATIONAL FACILITIES IN MASSACHUSETTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $340,356
Program Service Revenue $0
Investment Income $699
Other Revenue $0
TOTAL REVENUE $341,055

Expense Breakdown

Grants Paid $442,478
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $442,478
Other Expenses $405
TOTAL EXPENSES $442,883

Year-over-Year Comparison

2022 2021 Change
Revenue $341,055 $167,899 +1.0%
Expenses $442,883 $928 +476.2%
Net Income $-101,828 $166,971 -1.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER GEOSITS PRESIDENT / 2.00
Officer Director
$0 $0 $0
RICHARD MCCARTHY VICE PRESIDE 1.00
Officer Director
$0 $0 $0
JOHN THOMSEN IV CLERK / DIRE 1.00
Officer 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
2022 $341,055 $442,883 $140,989 $-101,828
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