Walker INC EIN 04-2171186

Walker INC FY2021 filing

EIN  04-2171186 Public charity (501(c)(3)) Needham, MA Founded 1930
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/6/26 · see original filing: IRS
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Size
$10–100M
What they do
Provides a home for special needs children's care, education, and treatment.
Leadership
Eugene Takahashi · President & CEO · $313K
Money in and out
$25.0M revenue, $22.9M expenses
Bottom line
82% program efficiency

Provides a home for special needs children's care, education, and treatment. For fiscal year 2021 it reported $25.0M in revenue, $22.9M in expenses, and $23.2M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$25.0M
Pt VIII · Ln 12
Total expenses
$22.9M
Pt IX · Ln 25
Net assets
$23.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.1M
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.16 Fundraising $0.02
Program efficiency
82%
of spending reaches programs
Operating runway
7.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$25.0M
FY2021▲ +2%
Expenses
$22.9M
FY2021▼ -2%
Total assets
$36.2M
FY2021▲ +10%
Total liabilities
$13.0M
FY2021▼ -3%
Total revenue
$25.0M
Pt VIII · Ln 12
Total expenses
$22.9M
Pt IX · Ln 25
Net assets
$23.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.1M
Total assetsPt X · Ln 16$36.2M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420
Mission & Programs · Part III

Where the work happens

3 program services account for $13.3M of program spending, described in the organization's own filed words · FY2020.
01

The walker intensive residential treatment program (irtp) was created to help high-risk, multiple-complex children and their families build social, emotional, and behavioral competencies so they may achieve and maintain a permanent family connection while preventing the damage of serial placement disruptions.

$7.2Mprogram expense
02

The day treatment and education program is a chapter 766-APPROVED academic day program for children with histories of high-risk behaviors, chronic mental illness, language disorders, learning disabilities, AND/OR high-functioning autism spectrum disorders.

$3.7Mprogram expense
03

Walker beacon school is a fully accredited, co-educational alternative middle and high school program that provides academic and specialized programs in a therapeutic environment for students ages 12 to 22 from the greater boston area.

$2.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWalker INC
EINHdr · item D04-2171186
Principal addressHdr · item CNeedham, MA
WebsiteHdr · item Jwww.walkercares.org
Year of formationHdr · item L1930
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B28Z)
Ruling yearIRS BMFAug 1952

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$312,907Pt VII · Sec A
Med. Dir.& Psychiatrist
$244,417Pt VII · Sec A
Chief Operating Officer
$184,119Pt VII · Sec A
Chief Financial Officer
$177,628Pt VII · Sec A
Psych. Nurse Prescriber
$157,519Pt VII · Sec A
VP of Performance Improv.
$154,243Pt VII · Sec A
VP of Human Resources
$153,773Pt VII · Sec A
VP of Advancement
$134,185Pt VII · Sec A

Eugene Takahashi’s $478K as President & CEO (thru 3/2025) is at the 87th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Eugene Takahashi$478,300$419,685$336,611$327,831$312,907$242,183
Kit Yue Wong$257,099$241,584$239,074$244,417$231,759
Danielle Murstein$159,703$223,914
Edith Janas$215,881$217,049$206,757$196,893$184,119$156,965
Julie Brown$197,885$196,784$175,357$160,511$153,773
Jacob Murray$196,042$190,324
Scott Preston$190,269$156,665$153,176$147,218$154,243$143,201
James Chatterton$180,653$164,410

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$22.8M · 91%
Contributions & grants$2.0M · 8%
Investment income$203K · 1%
Program service revenue91%$22.8M
Contributions & grants8%$2.0M
Investment income1%$203K
Other revenue$45K
— government grantsLn 1e$550K
Total revenueLn 12$25.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.16 Fundraising $0.02
Program services82%$18.9M
Management & general16%$3.5M
Fundraising2%$481K
Total functional expensesLn 25$22.9M

Balance Sheet

Part X · end of year
CashLn 1$9.6M
Total assetsLn 16$36.2M
Total liabilitiesLn 26$13.0M
Total net assetsLn 32$23.2M
Months of cash on handcomputed5.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $13.5M · Operating expenses (Pt IX) $22.9M · Less non-cash grants $29K · Cash operating expenses/yr $22.9M
7.1 months
Where the money goes
Program services
Program services $18.9M · Total expenses $22.9M
82%
Management & General
Management & general $3.5M · Total expenses $22.9M
16%
Fundraising
Fundraising $481K · Total expenses $22.9M
2%
Cost to raise $1
Fundraising expense (2-yr avg) $472K · Solicited contributions (2-yr avg) $1.3M
$0.38 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.0M · Total revenue $25.0M
8%
Government reliance
Government grants $550K · Total revenue $25.0M
2%
Earned-income share
Program service revenue $22.8M · Total revenue $25.0M
91%
Investment reliance
Investment income $203K · Total revenue $25.0M
+1%
Program self-sufficiency
Program service revenue $22.8M · Total expenses $22.9M
99%
Growth & trend
Revenue growth (YoY)
This year $25.0M · Prior year $24.6M
+2%
Net-asset trend (YoY)
End of year $23.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $25.0M · Expenses $22.9M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $36.2M
Net-asset ratio
Net assets $23.2M · Total assets $36.2M
64%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.9M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $36.2M
11%
People & payroll
Highest Reported Total Compensation
Individual Eugene Takahashi · Reported title PRESIDENT & CEO · Highest reported compensation $313K · Total expenses $22.9M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $17.2M · Total expenses $22.9M
75%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 16%
Fundraising cost ratio 24%
Revenue growth 2%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 25 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$33.3M revenue · ⤓ 990 PDF
FY2023$28.1M revenue · ⤓ 990 PDF
FY2022$27.5M revenue · ⤓ 990 PDF
FY2021$25.0M revenue · viewing · ⤓ 990 PDF
FY2020$24.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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