Westford Remembers 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

2021

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Westford Remembers Inc, founded in 2021, is a small nonprofit in the Human Services sector that reported $243K in total revenue in fiscal year 2023. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 46% operating margin.

Mission

To honor the past through preservation, support the present, and build a better future for all.

Program Service Accomplishments

Program 1

Expenses: $120,968

Supported members of the Westford community through various financial assistance measures, incuding payments for groceries, rent expense, funeral expense, headstones, monuments, and other life...

Supported members of the Westford community through various financial assistance measures, incuding payments for groceries, rent expense, funeral expense, headstones, monuments, and other life expenses.

Program 2

Expenses: $1,500

Payments to other nonprofit organizations.

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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 $244,901

Program Service Revenue $0

Investment Income $0

Other Revenue $-1,422

TOTAL REVENUE $243,479

Expense Breakdown

Grants Paid $110,351

Salaries & Benefits $0

Fundraising Expenses $2,019

Program Expenses $122,468

Other Expenses $20,194

TOTAL EXPENSES $130,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,479	$107,843	+1.3%
Expenses	$130,545	$94,950	+0.4%
Net Income	$112,934	$12,893	+7.8%

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

N/A

Employees

N/A

Volunteers

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
David Chruistiana	Director	1.00	Director	$0	$0	$0
Patti Mason	Director	1.00	Director	$0	$0	$0
Michelle Freamault	Director	1.00	Director	$0	$0	$0
Sarah Duffy	Director	1.00	Director	$0	$0	$0
Patricia Dubey	Director	1.00	Director	$0	$0	$0
Julia Baretta	Director	1.00	Director	$0	$0	$0
Scott Hazelton	Director	1.00	Director	$0	$0	$0
Terry Stader	Director	1.00	Director	$0	$0	$0
Andrea Chambers	Director	1.00	Director	$0	$0	$0
Nancy J Cook	Chair	15.00	Officer	$0	$0	$0
Tammy Fannon	Secretary	3.00	Officer	$0	$0	$0
David Christian	Vice Chair	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
2023	$243,479	$130,545	$124,768	$112,934
2023	$271,992	$185,167	$124,768	$86,825