Civic Intelligence

Healthy Waltham Inc.

990 • Fiscal year 2021 • EIN 46-1174988

Jul 01, 2020 to Jun 30, 2021 • Filed on Jul 31, 2023

510 Moody StreetWaltham, MA 02453

(781) 341-5647

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.09x

Higher debt load relative to assets than 54% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

49th percentile

0.09x

Higher debt load relative to revenue than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

78th percentile

35%

Higher net margin than 78% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

50th percentile

$55,231

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

91st percentile

74%

Faster asset growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

73rd percentile

43%

Faster revenue growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$594,404

Up $253,122 (+74%) from 2020

Net Assets

Up

$551,341

Up $231,586 (+72%) from 2020

Liabilities

Up

$43,063

Up $21,536 (+100%) from 2020

Revenue

Up

$2,116,044

Up $1,676,381 (+381%) from 2020

Expenses

Up

$1,875,536

Up $1,719,625 (+1103%) from 2020

Net Income

Down

$240,508

Down $43,244 (-15%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2013: $54,358Liabilities 2013: $0Net Assets 2013: $54,3582013Assets 2014: $72,600Liabilities 2014: $0Net Assets 2014: $72,6002014Assets 2015: $42,039Liabilities 2015: $0Net Assets 2015: $42,0392015Assets 2016: $2,580Liabilities 2016: $1,758Net Assets 2016: $8222016Assets 2017: $52,130Liabilities 2017: $41,422Net Assets 2017: $10,7082017Assets 2018: $74,299Liabilities 2018: $42,357Net Assets 2018: $31,9422018Assets 2019: $55,529Liabilities 2019: $19,526Net Assets 2019: $36,0032019Assets 2020: $341,282Liabilities 2020: $21,527Net Assets 2020: $319,7552020Assets 2021: $594,404Liabilities 2021: $43,063Net Assets 2021: $551,3412021Assets 2022: $1,013,549Liabilities 2022: $17,638Net Assets 2022: $995,9112022Assets 2023: $1,370,749Liabilities 2023: $537,198Net Assets 2023: $833,5512023Assets 2024: $1,403,409Liabilities 2024: $527,987Net Assets 2024: $875,4222024

Highlighted filing

2021

Assets$594,404
Liabilities$43,063
Net Assets$551,341

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $88,346Expenses 2013: $60,760Net Income 2013: $27,5862013Revenue 2014: $154,097Expenses 2014: $135,855Net Income 2014: $18,2422014Revenue 2015: $93,401Expenses 2015: $123,963Net Income 2015: -$30,5622015Revenue 2016: $87,150Expenses 2016: $128,367Net Income 2016: -$41,2172016Revenue 2017: $120,134Expenses 2017: $110,248Net Income 2017: $9,8862017Revenue 2018: $141,284Expenses 2018: $120,050Net Income 2018: $21,2342018Revenue 2019: $160,703Expenses 2019: $147,975Net Income 2019: $12,7282019Revenue 2020: $439,663Expenses 2020: $155,911Net Income 2020: $283,7522020Revenue 2021: $2,116,044Expenses 2021: $1,875,536Net Income 2021: $240,5082021Revenue 2022: $3,770,157Expenses 2022: $3,325,587Net Income 2022: $444,5702022Revenue 2023: $3,273,684Expenses 2023: $3,436,044Net Income 2023: -$162,3602023Revenue 2024: $2,680,704Expenses 2024: $2,638,833Net Income 2024: $41,8712024

Highlighted filing

2021

Revenue$2,116,044
Expenses$1,875,536
Net Income$240,508
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jul 31, 2023
Return Version
2020v4.0
Gross Receipts
$2,116,044
Mission and Program Overview

Mission

Healthy Waltham's purpose is to improve the health

Healthy waltham's purpose is to improve the health of people who live, work, and learn in waltham by promoting healthy eating and active living with the goal of decreasing rates of obesity and related chronic diseases. We implement this by initiating and sustaining community collaborations, and by providing educational programs, resources and materials.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$338,286$586,431▲ $248,145
Accounts Receivable-$5,000-
Prepaid Expenses and Deferred Charges$3,964$1,973▼ $1,991
Total Assets$342,250$594,404▲ $252,154
Other Assets Total-$1,000-
Liabilities
Accounts Payable and Accrued Expenses$16,756$43,063▲ $26,307
Unsecured Notes Loans Payable$14,661--
Total Liabilities$31,417$43,063▲ $11,646
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$310,833$501,341▲ $190,508
Net Assets With Donor Restrictions-$50,000-
Total Net Assets Fund Balance$310,833$551,341▲ $240,508
Total Liabilities and Net Assets / Fund Balance$342,250$594,404▲ $252,154

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$1,500$1,500
Equipment-$1,200$1,200
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Myriam MichelExecutive DiPT$55,231$55,231

Board Members and Trustees

NameTitle
Nadene SteinPresident
Deborah MooreDirector
George Darcy IiiDirector
Kaytie DowcettDirector
Naveem PawarDirector
Donnie LucenteClerk
William BurgessTreasurer
Maureen TaddeoVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,101,383
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$14,661
All Other Contributions
$2,007,877
Change in Net Assets
$240,508

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory1$1,474,801Fair Market Value
Other Non Cash Contri Table1$10,500Fair Market Value
Total Noncash Contributions2$1,485,301-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,116,044
Total Revenue per Audited Statements
$2,116,044
Total Revenue per Form 990
$2,116,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,485,301
Other Expenses$274,774
Salaries, Compensation, and Employee Benefits$115,461
Total Fundraising Expense$47,970
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,485,301--$1,485,301
Fees for Services Other$48,355$35,095$25,738$109,188
Current Officers, Directors, Trustees, and Key Employees$49,471$1,637$6,546$57,654
Other Salaries and Wages$45,091-$1,213$46,304
Advertising$13,426$7,416$9,888$30,730
Other Expenses$11,720--$11,720
Payroll Taxes$10,550$289$664$11,503
All Other Expenses$10,264$124-$10,388
Office Expenses$4,482$238$3,921$8,641
Fees for Services Accounting-$8,231-$8,231
Insurance$3,397--$3,397
Travel-$1,128-$1,128
Information Technology$79--$79
Total Functional Expenses$1,773,408$54,158$47,970$1,875,536

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,875,536
Total Expenses per Audited Statements$1,875,536
Total Expenses per Form 990$1,875,536
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Reviewed by the executive director and chair of the board.

Form 990, Page 6, Part VI, Line 15A

The board of directors vote on a salary for the executive director.

Form 990, Page 6, Part VI, Line 15B

Salary is determined and voted on by the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Healthy Waltham Inc
EIN
46-1174988
Phone
7813415647
Address
510 MOODY STREET, WALTHAM, MA 02453

Signing Officer

Name
Myriam Michel
Title
Executive Director
Phone
7813415647
Signed
2023-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Myriam Alexis
Formed
2012
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
150

Preparer

Firm
Anstiss & Co Pc
Address
6 OMNI WAY SUITE 201, CHELMSFORD, MA 01824-4141
Preparer
Brendan E Toolin
Phone
9784522500
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

The return is being amended upon completion of its audited financial statements to update financial information in parts i, iii, iv, v, vi, vii, viii, ix, x, xi, and xii, as well as schedules a, b, d, i, m, and o.

FORM 990 - ORGANIZATION'S MISSION

Healthy waltham's purpose is to improve the health of people who live, work, and learn in waltham by promoting healthy eating and active living with the goal of decreasing rates of obesity and related chronic diseases. We implement this by initiating and sustaining community collaborations, and by providing educational programs, resources and materials.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has been granted tax-exempt status under internal revenue code section 501(c)(3) and is, therefore, generally exempt from federal and state income taxes. Accordingly, no provision for income tax has been provided for in the accompanying financial statements. Asc 740-10, "income taxes" requires the organization to evaluate and disclose tax positions that could have an effect on the organization's financial statements.the organization reprots its activities to the internal revenue service and to the common wealth of massachusetts on an annual basis. These informational returns are generally subject to audit and review by the governmental agencies for a period of three years after filing. Substantially all the organization's income, expenditures and activities relate to its exempt purpose, therefore, management has determined that the organization is not subject to unrelated business income taxes and will continue to qualify as a tax-exempt not-for-profit entity.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS, THEREFORE, GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAX HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. ASC 740-10, "INCOME TAXES" REQUIRES THE ORGANIZATION TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS.THE ORGANIZATION REPROTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMON WEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL THE ORGANIZATION'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalRevenuePerForm990Amt02116044
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01875536
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FOOD RELIEF
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt01485301
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0FOOD/GIFT CARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt025500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT MONITOR THE USE OF GRANTS AS GRANTS CONSIST SOLELY OF FOOD AND GIFT CARDS GIVEN TO ELIGIBLE RECIPIENTS. THE NUMBER OF RECIPIENTS IN PART III, LINE 1 COLUMN (B), REPRESENTS THE SUM OF GUESTS SERVED EVERY WEEK, WITH RECURRING GUESTS COUNTED EVERY TIME THEY RECEIVE SERVICES. THE ORGANIZATION DOES NOT TRACK THE NUMBER OF INDIVIDUAL RECIPIENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B).
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PAGE 2, PART II
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS BEING AMENDED UPON COMPLETION OF ITS AUDITED FINANCIAL STATEMENTS TO UPDATE FINANCIAL INFORMATION IN PARTS I, III, IV, V, VI, VII, VIII, IX, X, XI, AND XII, AS WELL AS SCHEDULES A, B, D, I, M, AND O.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HEALTHY WALTHAM'S PURPOSE IS TO IMPROVE THE HEALTH OF PEOPLE WHO LIVE, WORK, AND LEARN IN WALTHAM BY PROMOTING HEALTHY EATING AND ACTIVE LIVING WITH THE GOAL OF DECREASING RATES OF OBESITY AND RELATED CHRONIC DISEASES. WE IMPLEMENT THIS BY INITIATING AND SUSTAINING COMMUNITY COLLABORATIONS, AND BY PROVIDING EDUCATIONAL PROGRAMS, RESOURCES AND MATERIALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY THE EXECUTIVE DIRECTOR AND CHAIR OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS VOTE ON A SALARY FOR THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SALARY IS DETERMINED AND VOTED ON BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MYRIAM MICHEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07813415647
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEALTHY WALTHAM INC
ReturnHeader/Filer/BusinessNameControlTxt0HEAL
ReturnHeader/Filer/EIN0461174988

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