Waterbury Medical Association

Nonprofit profile at a glance

EIN
066025659
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Bloomfield, CT, USA
Phone
8602433977
Rating confidence
Limited

Reported finances

Revenue
$118,121
Expenses
$74,251
Assets
$2,936,120
Liabilities
$4,300

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • ROBERT WETMORE MD (PRESIDENT)
  • ANDREA NEEDLEMAN MD (IMMEDIATE PAST PRESIDENT)
  • JAMES FINN MD (PAST PRESIDENT AT LARGE)
  • DWIGHT F MILLER MD (PAST PRESIDENT AT LARGE)

People named in this filing

  • ROBERT WETMORE MD (PRESIDENT)
  • SALVATORE FERRANTE MD (SECRETARY)
  • STEPHEN TORREY MD (TREASURER)

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

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To devise and effect measures for the scientific and educational advancement of the members of the association, to promote a good understanding and harmonious relationship among the members, and to aid the development of better health in the community.

What it reported doing in 2025

The association worked for the scientific and educational advancement of its members, promoted a good understanding and harmonious relationship among the members, and aided the development of better health in the community through various meetings and programs.

Operating model

Revenue model
Investment-supported. 79% of the money available for current operations came from recurring investment income.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 82
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 37.1%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 39.54; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 21.1% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 12 of 12 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • 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 — Accountability: Governance controls: 5 of 7 not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.