BOYS & GIRLS CLUB OF GREATER SALEM… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

DAVID DEMERS

Phone

6038987709

Tax Period

2022-07-01 to 2023-06-30

BOYS & GIRLS CLUB OF GREATER SALEM INC, founded in 1965, is a community nonprofit in the Youth Development sector that reported $2.6M in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year.

Mission

THE ORGANIZATION MAINTAINS A CLUB FOR MEMBERS AND FAMILIES WITHOUT DISTINCTION OF RACE, COLOR, CREED, CULTURAL HERITAGE, POLITICAL BELIEFS, HANDICAPS OR MARITAL STATUS, WHICH WILL INSPIRE AND ENABLE ALL YOUNG PEOPLE, ESPECIALLY FROM DISADVANTAGED CIRCUMSTANCES, TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE, AND CARING CITIZENS. THE ORGANIZATION PROVIDES A SAFE PLACE TO LEARN AND GROW; ONGOING RELATIONSHIPS WITH CARING, ADULT PROFESSIONALS; LIFE ENHANCING PROGRAMS AND CHARACTER DEVELOPMENT EXPERIECES; HOPE AND OPPORTUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,754,138

EDUCATIONAL, SOCIAL, AND CULTURAL ACTIVITIES INCLUDING PRESCHOOL EDUCATION AND OUT OF SCHOOL ACTIVITIES.

Program 2

PHYSICAL EDUCATION AND HEALTH INCLUDING SWIMMING AND ORGANIZED SPORTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $806,903

Program Service Revenue $1,135,309

Investment Income $96,829

Other Revenue $595,504

TOTAL REVENUE $2,634,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,639,363

Fundraising Expenses $114,732

Program Expenses $1,754,138

Other Expenses $925,966

TOTAL EXPENSES $2,565,329

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,634,545	$2,802,292	-0.1%
Expenses	$2,565,329	$2,095,300	+0.2%
Net Income	$69,216	$706,992	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCO ABREU	CPO	40.00	Highest	$123,404	$0	$123,404
LEEAN BROOKS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT CARRIER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL COMERFORD	VP	1.00	Director	$0	$0	$0
ERIN DALEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY DELUCA	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID DEMERS	CVO	1.00	Officer Director	$0	$0	$0
JIM DESJARDINS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KATHRYN FERGUSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNE FLYNN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK GROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE HENNIGAR	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN HORGAN	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
STEVE KUREK	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC LEUTERITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL LINDQUIST	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS NICOLI	PAST CVO	1.00	Officer Director	$0	$0	$0
MATT NORCROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
MELANIE NORCROSS	SECRETARY	1.00	Officer Director	$0	$0	$0
KERIANNE PEREIRA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY REESE	EXECUTIVBOAR	1.00	Director	$0	$0	$0
FRANK STORNIOLO	TREASURER	1.00	Officer Director	$0	$0	$0
LISA WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,634,545	$2,565,329	$4,845,374	$69,216
2022	$2,802,292	$2,095,300	$4,495,498	$706,992
2021	$2,301,895	$1,885,986	$3,671,625	$415,909
2020	$1,764,406	$2,020,625	$3,298,869	$-256,219
2019	$2,511,873	$2,148,178	$3,457,895	$363,695
2018	$2,214,965	$2,068,643	$3,032,446	$146,322

BOYS & GIRLS CLUB OF GREATER SALEM INC