WALLINGFORD COMMUNITY SENIOR CENTER

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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

1993

Legal Domicile

Principal Officer

TERA GILES

Tax Period

2023-01-01 to 2023-12-31

WALLINGFORD COMMUNITY SENIOR CENTER, founded in 1993, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $514K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $604K exceeded revenue, resulting in a 18% operating deficit.

Mission

WCSC WELCOMES, CONNECTS, AND SUPPORTS OLDER ADULTS. WCSC BUILDS COMMUNITY ACROSS GENERATIONS AND FOSTERS HEALTHY, SECURE, POSITIVE AGING. WE AIM TO CREATE AN INCLUSIVE, VIBRANT, AGE-FRIENDLY ORGANIZATION THAT HELPS PEOPLE CONNECT, ENGAGE, AND EXPAND THEIR HORIZONS.

Program Service Accomplishments

Program 1

Expenses: $358,211 Revenue: $31,639

Health and Exercise Program We raised funds to increase the number of health and exercise programs that will be presented in 2024.

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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 $465,858

Program Service Revenue $31,639

Investment Income $789

Other Revenue $15,675

TOTAL REVENUE $513,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,614

Fundraising Expenses $75,043

Program Expenses $358,211

Other Expenses $228,039

TOTAL EXPENSES $604,079

Year-over-Year Comparison

	2023	2022	Change
Revenue	$513,961	$582,942	-0.1%
Expenses	$604,079	$569,550	+0.1%
Net Income	$-90,118	$13,392	-7.7%

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

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

$72,186

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL COLLER	EXECUTIVE DIRECTOR	40.00	Officer	$70,048	$2,138	$72,186
JANET MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
EUGENE SUMNER	BOARD MEMBER UNTIL 112023	1.00	Director	$0	$0	$0
STEPHEN HODGES	BOARD MEMBER	1.00	Director	$0	$0	$0
WILSON TRANG	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
TERA GILES	BOARD PRESIDENT	1.50	Officer Director	$0	$0	$0
GINI TRIPP	BOARD VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
ANN DINGWALL	BOARD SECRETARY	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
2024	No data	No data	No data	No data
2023	$513,961	$604,079	$366,331	$-90,118
2022	$582,942	$569,550	$413,134	$13,392
2021	$462,610	$425,563	$454,327	$37,047
2020	$425,977	$330,202	$381,233	$95,775