KING'S LYNNE RESIDENTS COUNCIL INC (EIN 042531626) - 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

1975

Legal Domicile

Principal Officer

ANITA VEILLEUX

Phone

7815920366

Tax Period

2023-01-01 to 2023-12-31

KING'S LYNNE RESIDENTS COUNCIL INC, founded in 1975, is a small nonprofit in the Housing & Shelter sector that reported $226K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Net assets of $1.3M represent 68 months of operating reserves.

Mission

TO SERVE AND ASSIST THE RESIDENTS OF KING'S LYNNE, A HOUSING DEVELOPMENT IN LYNN, MA.

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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 $0

Program Service Revenue $107,963

Investment Income $23,553

Other Revenue $94,576

TOTAL REVENUE $226,092

Expense Breakdown

Grants Paid $13,000

Salaries & Benefits $5,928

Fundraising Expenses $0

Program Expenses $191,148

Other Expenses $216,493

TOTAL EXPENSES $235,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,092	$576,658	-0.6%
Expenses	$235,421	$68,889	+2.4%
Net Income	$-9,329	$507,769	-1.0%

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
ANITA VEILLEUX	PRESIDENT	N/A	Officer	$0	$0	$0
DAVID GALEAZZI	CLERK	N/A	Officer	$0	$0	$0
DIANNE VICKERS	TREASURER	N/A	Officer	$0	$0	$0
JOAN CONNOLLY	DIRECTOR	N/A	Director	$0	$0	$0
ELAINE BAILY	VICE PRESIDE	N/A	Officer	$0	$0	$0
TONYA GIBSON	SARGENT AT A	N/A	Director	$0	$0	$0
MARILYN FLEMING	DIRECTOR	N/A	Director	$0	$0	$0
CARLA GRIMES	DIRECTOR	N/A	Officer Director	$0	$0	$0
CARMEN SILVA	DIRECTOR	N/A	Director	$0	$0	$0
BONNIE SHOUP	DIRECTOR	N/A	Director	$0	$0	$0
ARTHUR AKERS	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$226,092	$235,421	$1,278,963	$-9,329
2022	$576,658	$68,889	$1,288,292	$507,769
2021	$346,912	$60,960	$780,523	$285,952
2020	$49,579	$54,267	$175,803	$-4,688
2019	$75,299	$106,921	$183,362	$-31,622
2018	$66,184	$68,793	$214,984	$-2,609

KING'S LYNNE RESIDENTS COUNCIL INC