COMMUNITY CENTER TRUST

EIN: 042370198 501(c)(3)

METHUEN, MA

Total Revenue
$114,652
Total Expenses
$63,913
Total Assets
$2,098,527
Net Assets
$2,098,527
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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
1969
Legal Domicile
MA
Principal Officer
PIO FRITTITTA
Phone
9783145097
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY CENTER TRUST, founded in 1969, is a small nonprofit that reported $115K in total revenue in fiscal year 2023. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 44% operating margin.

Mission

ORGANIZATION PROVIDING FACILITIES FOR COMMUNITY EVENTS TO THE PUBLIC AND TO THE SONS OF ITALY A RELATED ORGANIZATION

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,645
Program Service Revenue $13,319
Investment Income $4,363
Other Revenue $89,325
TOTAL REVENUE $114,652

Expense Breakdown

Grants Paid $800
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $52,580
Other Expenses $63,113
TOTAL EXPENSES $63,913

Year-over-Year Comparison

2023 2022 Change
Revenue $114,652 $57,300 +1.0%
Expenses $63,913 $55,650 +0.1%
Net Income $50,739 $1,650 +29.8%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
50

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH SALVO TREASURER 10.00
Officer
$0 $0 $0
PIO FRITTITTA CHAIRMAN 20.00
Officer Director
$0 $0 $0
ROBERT BONANNO TRUSTEE 3.00
Director
$0 $0 $0
CHARLIE BONANNO TRUSTEE 2.00
Director
$0 $0 $0
LARRY GIORDANO TRUSTEE 2.00
Officer
$0 $0 $0
EILEEN GIORDANO TRUSTEE 2.00
Officer
$0 $0 $0
DON SMERIGLIO TRUSTEE 2.00
Director
$0 $0 $0
BARBARA DELUCA-REA TRUSTEE 2.00
Director
$0 $0 $0
BRETT FRITTITTA TRUSTEE 2.00
Director
$0 $0 $0
KAREN BUONANNO TRUSTEE 2.00
Director
$0 $0 $0
ARMAND BUONANNO TRUSTEE 2.00
Director
$0 $0 $0
EOD TRAFICANTI TRUSTEE 2.00
Director
$0 $0 $0
BRENDA BUONANNO RECORDING SECRETARY N/A
$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 No data No data No data No data
2023 $114,652 $63,913 $2,098,527 $50,739
2022 $57,300 $55,650 $2,047,788 $1,650
2021 $15,706 $63,109 $2,045,860 $-47,403
2019 $37,109 $64,391 $2,143,399 $-27,282
2018 $37,602 $66,878 $2,183,160 $-29,276
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