The Rotary Club of Watertown Connecticut Foundation Inc

Nonprofit profile at a glance

EIN
061413045
IRS 990-EZ coverage
2012–2024
Forms available
Form 990-EZ 2024
Location
Watertown, CT, USA
Phone
8605675450
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$35,807
Expenses
$24,209
Assets
$338,636

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • VICTOR ATKINS (PRESIDENT)

People named in this filing

  • SHIRLEY BOUFFARD (DIRECTOR)
  • VICTOR ATKINS (PRESIDENT)
  • ILONA BLOUIN (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's primary purpose is to support community organizations.

What it reported doing in 2024

Various local community projects including community seniors, food\fuel bank, literacy, robotics program, watertown library, easter seals, grant project-gazebo, interact, and ryla.

Operating model

Revenue model
Other-operating. 69% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 82
  • Sustainability: 73
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.6%; rating input score 79
  • Program expense ratio: 69.6%; rating input score 70

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 32.4%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 13.99; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -4% per year; rating input score 0; 37th percentile among comparable filings
  • Revenue growth: -2% per year; rating input score 0; 43rd percentile among comparable filings
  • Asset growth: 5.6% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 78.6% of revenue deployed · 69.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $17K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.