LOWELL ASSOCIATION FOR THE BLIND INC (EIN 042199874) - Form 990 Financial Analysis & Trantor Score

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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

1925

Legal Domicile

Principal Officer

SALMAAN KAPADIA

Phone

9784545704

Tax Period

2024-01-01 to 2024-12-31

LOWELL ASSOCIATION FOR THE BLIND INC, founded in 1925, is a small nonprofit in the Diseases & Disorders sector that reported $440K in total revenue in fiscal year 2024. Net assets of $1.3M represent 34 months of operating reserves.

Mission

TO SUPPORT, EDUCATE, AND NURTURE THE BLIND AND VISSUALLY IMPAIRED OF THE GREATER MERRIMACK VALLEY BY ASSISTING THEM IN THE ENRICHMENT OF THEIR LIVES AND HELPING THEM GAIN MAXIMUM INDEPENDENCE. TO STIMULATE THE INTEREST AND EDUCATION OF THE GENERAL PUBLIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $395,814

Program Service Revenue $332

Investment Income $43,789

Other Revenue $256

TOTAL REVENUE $440,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,472

Fundraising Expenses $599

Program Expenses $266,881

Other Expenses $174,405

TOTAL EXPENSES $434,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$440,191	$410,112	+0.1%
Expenses	$434,877	$400,552	+0.1%
Net Income	$5,314	$9,560	-0.4%

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
SAL KAPADIA	PRESIDENT	5.00	Officer Director	$0	$0	$0
SANDY GONZALEZ	DIRECTOR	5.00	Director	$0	$0	$0
ALLYSON BULL	DIRECTOR	5.00	Director	$0	$0	$0
BETHANNE WELCH	DIRECTOR EMERITUS	5.00	Director	$0	$0	$0
DEBORAH D FINCH	DIRECTOR EMERITUS	5.00	Director	$0	$0	$0
JOANNE HURLEY	DIRECTOR	5.00	Director	$0	$0	$0
CAROLYN GREGOIRE	DIRECTOR	5.00	Director	$0	$0	$0
DEME GYS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL SULLIVAN	TREASURER	5.00	Officer Director	$0	$0	$0
ALBERT MANZI III	DIRECTOR	5.00	Director	$0	$0	$0
ALEXANDRA PRIMROSE	SECRETARY	5.00	Officer Director	$0	$0	$0
BRUCE MACAULAY	DIRECTOR	5.00	Director	$0	$0	$0
LESLIE MORIN	DIRECTOR	5.00	Director	$0	$0	$0
ED PERRY	DIRECTOR	5.00	Director	$0	$0	$0
TIM BULL	DIRECTOR	5.00	Director	$0	$0	$0
JOE PYNE	DIRECTOR	5.00	Director	$0	$0	$0
MATTHEW WATERMAN	DIRECTOR	5.00	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
2024	$440,191	$434,877	$1,425,644	$5,314
2023	$410,112	$400,552	$1,394,021	$9,560
2022	$432,566	$368,171	$1,114,803	$64,395
2021	$496,085	$323,235	$1,218,220	$172,850
2020	$288,254	$324,962	$1,007,703	$-36,708

LOWELL ASSOCIATION FOR THE BLIND INC