CSCharityScored
35

Westmass Area Development Corp

Other · Springfield, Massachusetts

1 Monarch Pl Ste 1120, Springfield, MA 01144-4012

EIN: 046057343· Founded: Nov 1961· 65 years active· Filing Year: 2023

Annual Revenue

$4.4M

Total Expenses

$1.0M

Total Assets

$15.1M

Program Spending

25%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$296K

29.3% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$156K

Total Payroll

$452K

45% of total expenses

Where the Money Goes

25%
Programs: 25%
Payroll: 45%
Other overhead: 75%
Program Revenue$256K (6%)
Total Expenses$1.0M (23%)
Payroll$452K (45%)
Overhead (non-program)75%

Trust Score Breakdown

Program Spending Ratio

25% of expenses go to programs

40%

Revenue & Stability

$4.4M annual revenue

15%

Executive Compensation

$296K total officer comp (29.3% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$15.1M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.