BASS RIVER DAY ACTIVITY PROGRAM INC

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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

1973

Legal Domicile

Principal Officer

LARRY LUSIGNAN

Phone

9789275326

Tax Period

2023-07-01 to 2024-06-30

BASS RIVER DAY ACTIVITY PROGRAM INC, founded in 1973, is a mid-sized nonprofit that reported $11.8M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE VARIOUS SOCIAL, OCCUPATIONAL AND REHABILITATIVE SERVICES UNDER PROGRAMS FUNDED PRIMARILY BY THE COMMONWEALTH OF MASSACHUSETTS, TO ADOLESCENTS AND

Program Service Accomplishments

Program 1

Expenses: $3,474,305 Revenue: $3,613,460

DAY PROGRAM PROVIDES INDIVIDUALS WITH TRANSITIONAL ASSISTANCE TO ENABLE THEM TO EVENTUALLY BECOME INDEPENDENT IN THE COMMUNITY AND TO RELY ON A LESS STAFF INTENSIVE DAY PROGRAM MODEL. THIS IS...

DAY PROGRAM PROVIDES INDIVIDUALS WITH TRANSITIONAL ASSISTANCE TO ENABLE THEM TO EVENTUALLY BECOME INDEPENDENT IN THE COMMUNITY AND TO RELY ON A LESS STAFF INTENSIVE DAY PROGRAM MODEL. THIS IS ACHIEVED THROUGH OPPORTUNITIES TO PARTICIPATE IN PAID WORK AND NON-WORK ACTIVITIES. PROGRAMS OFFERED INCLUDE INFORMATION AND REFERRAL SERVICES, EDUCATION AND TRAINING, RECREATION, AND SUPPORT GROUPS

Program 2

Expenses: $7,471,907 Revenue: $7,777,896

RESIDENTIAL PROGRAM PROVIDES COMMUNITY RESIDENCES IN VARIOUS LOCAL COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,400

Program Service Revenue $11,391,356

Investment Income $401,191

Other Revenue $26,839

TOTAL REVENUE $11,823,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,169,289

Fundraising Expenses $0

Program Expenses $10,946,212

Other Expenses $2,529,024

TOTAL EXPENSES $11,698,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,823,786	$10,906,360	+0.1%
Expenses	$11,698,313	$10,292,839	+0.1%
Net Income	$125,473	$613,521	-0.8%

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

Governance

Voting Members

Independent Members

Employees

173

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

$144,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY LUSIGNAN	EXECUTIVE DIRECTOR	40.00	Officer	$136,323	$8,302	$144,625
JIM BAGA	TREASURER	0.00	Officer Director	$0	$0	$0
MARY MCDERMOTT	PRESIDENT	0.00	Officer Director	$0	$0	$0
MARILYN BURNETT	CLERK/SECRETARY	0.00	Officer Director	$0	$0	$0
BARBARA BARTLEY	DIRECTOR	0.00	Director	$0	$0	$0
ANTOINETTE TONI MUSANTE	DIRECTOR	0.00	Director	$0	$0	$0
VICTOR LINDEN	DIRECTOR	0.00	Director	$0	$0	$0
BETSEY BENNETT	DIRECTOR	0.00	Director	$0	$0	$0
BOB APPOLLONI	DIRECTOR	0.00	Director	$0	$0	$0
BETH COSTA-HOWLAND	DIRECTOR	0.00	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	$11,823,786	$11,698,313	$11,062,485	$125,473
2023	$10,906,360	$10,292,839	$11,081,370	$613,521
2022	$10,059,931	$9,374,486	$8,976,021	$685,445
2021	$9,479,688	$8,572,676	$8,324,269	$907,012
2020	$9,106,628	$8,953,385	$8,693,460	$153,243
2019	$9,036,730	$8,749,296	$7,273,431	$287,434