WOLLASTON LUTHERAN FOUNDATION INC (EIN 853449732) - 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

2020

Legal Domicile

Principal Officer

TIMOTHY WISMAR

Phone

6174790248

Tax Period

2023-01-01 to 2023-12-31

WOLLASTON LUTHERAN FOUNDATION INC, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $996K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $952K, a strong 96% operating margin.

Mission

HOLD, INVEST, MANAGE, AND DEPLOY FUNDS FOR THE CHARITABLE PURPOSES OF SUPPORTING PROGRAMS AND ACTIVITIES THAT BENEFIT INDIVIDUALS WHO RESIDE IN AND AROUND QUINCY, MA. SUPPORT FOUR NAMED NON-PROFITS WHICH DO THE SAME.

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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 $166,386

Program Service Revenue $0

Investment Income $829,922

Other Revenue $0

TOTAL REVENUE $996,308

Expense Breakdown

Grants Paid $38,682

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,682

Other Expenses $5,500

TOTAL EXPENSES $44,182

Year-over-Year Comparison

	2023	2022	Change
Revenue	$996,308	$1,258,656	-0.2%
Expenses	$44,182	$281,123	-0.8%
Net Income	$952,126	$977,533	0.0%

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

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

$246,946

Total Directors

$246,946

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY WISMAR	PRESIDENT/TR	4.00	Officer Director	$0	$55,732	$246,946
MARCIA BAILEY	DIRECTOR	0.50	Director	$0	$0	$0
REV LESLEY CHEN	DIRECTOR	0.50	Director	$0	$0	$0
REV JAMES KIMMELL	DIRECTOR	0.50	Director	$0	$0	$0
REV STEVE LAW	DIRECTOR/VIC	0.50	Officer Director	$0	$0	$0
REV RICHARD LAW	DIRECTOR	0.50	Director	$0	$0	$0
KOMBORERO SHOKO	DIRECTOR	0.50	Director	$0	$0	$0
LOLA TOM	DIRECTOR / C	0.50	Officer Director	$0	$0	$0
BARBARA WISMAR	DIRECTOR	0.50	Director	$0	$0	$0
REV ADOLPH WISMAR	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$996,308	$44,182	$19,176,452	$952,126
2022	$1,258,656	$281,123	$18,164,170	$977,533
2021	$19,426,962	$2,186,766	$17,363,187	$17,240,196

WOLLASTON LUTHERAN FOUNDATION INC