FRIENDS OF DENNIS SENIOR CITIZENS … - 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

1979

Legal Domicile

Principal Officer

CAROL LAWRENCE

Phone

5083855376

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF DENNIS SENIOR CITIZENS INC, founded in 1979, is a micro nonprofit in the Human Services sector that reported $41K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Net assets of $505K represent 147 months of operating reserves.

Mission

THE PROMOTION, ESTABLISHMENT AND SUPPORT OF ACTIVITIES AND FACILITIES FOR THE BENEFIT AND ADVANCEMENT OF THE GENERAL WELFARE AND QUALITY OF LIFE OF SENIOR CITIZENS IN THE TOWN OF DENNIS, AND THE MAKING OF DISTRIBUTIONS TO OTHER EXEMPT ORGANIZATIONS THAT ALSO SUPPORT THOSE SENIOR CITIZENS.

Program Service Accomplishments

Program 1

WE SUPPORT THE TOWN OF DENNIS COUNCIL ON AGING (COA) BY: 1. MAKING DIRECT UNRESTRICTED GRANTS TO THEM 2. PURCHASING FURNITURE AND COMPUTER EQUIPMENT FOR THEM TO USE IN THEIR ACTIVITIES FOR THE...

WE SUPPORT THE TOWN OF DENNIS COUNCIL ON AGING (COA) BY: 1. MAKING DIRECT UNRESTRICTED GRANTS TO THEM 2. PURCHASING FURNITURE AND COMPUTER EQUIPMENT FOR THEM TO USE IN THEIR ACTIVITIES FOR THE SENIORS OF DENNIS 3. PROVIDING DIRECT FINANCIAL ASSISTANCE FOR MEDICAL ALARMS, AND OTHER LIVING EXPENSES TO INDIVIDUAL SENIORS WHO ARE REFERRED TO US BY THE COA. 4. PAYING FOR TWO NEEDY INDIVIDUALS TO ATTEND THE COA'S "GOLDEN AGE GROUP" (AN ADULT DAY CARE PROGRAM) AT COA'S REQUEST.

Program 2

Expenses: $6,029

WE PROVIDED GRANTS TO FIVE OTHER 501(C)(3) ORGANIZATIONS THAT ALSO PROVIDE ASSISTANCE TO SENIOR CITIZENS IN THE TOWN OF DENNIS.

Program 3

Expenses: $11,797

WE PROVIDED SERVICES DIRECTLY TO INDIVIDUAL SENIORS OF THE TOWN OF DENNIS THAT INCLUDED: 1. HOLIDAY GIFT BAGS WERE GIVEN TO 130 DENNIS SENIOR SHUT-INS IN DECEMBER 2017. THESE BAGS INCLUDED 19 WRAPPED GIFTS (E.G. TOILETRIES, COOKIES, CANDIES, ENERGY EFFICIENT LIGHT BULBS, CALENDARS, ETC.) 2. WE ISSUED QUARTERLY NEWSLETTERS THAT INCLUDED INFORMATION ON VARIOUS BENEFITS THAT MAY BE AVAILABLE TO OUR SENIORS AND DESCRIBE SAFETY PRECAUTIONS THEY SHOULD TAKE FOR THEIR WELLBEING. 3. WE PROVIDED ONE NEEDY SENIOR CITIZEN WITH A LIFELINE MEDICAL ALERT SYSTEM. 4. IN MARCH WE DISTRIBUTED ARRAYS OF FLOWERS TO ELDER SERVICES "MEALS ON WHEELS" SENIOR CITIZENS IN DENNIS.

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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 $17,324

Program Service Revenue $0

Investment Income $12,739

Other Revenue $11,081

TOTAL REVENUE $41,144

Expense Breakdown

Grants Paid $9,223

Salaries & Benefits $14,662

Fundraising Expenses $0

Program Expenses $17,826

Other Expenses $16,164

TOTAL EXPENSES $40,049

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,144	$365,495	-0.9%
Expenses	$40,049	$45,398	-0.1%
Net Income	$1,095	$320,097	-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

N/A

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
LOUIS DANIELE	PRESIDENT	N/A	Officer Director	$0	$0	$0
JANET BOGARDUS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CAROL LAWRENCE	TREASURER	N/A	Officer Director	$0	$0	$0
HENRY BOWEN	SECRETARY	N/A	Officer Director	$0	$0	$0
DEBORAH ADKINS	DIRECTOR	N/A	Director	$0	$0	$0
VERNON ELLARS	DIRECTOR	N/A	Director	$0	$0	$0
JAMES E FRANCE	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH LAWRENCE	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL MAHONEY	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT P MAHONEY	DIRECTOR	N/A	Director	$0	$0	$0
ARTHUR MCCORMACK	DIRECTOR	N/A	Director	$0	$0	$0
BETH MCCORMACK	DIRECTOR	N/A	Director	$0	$0	$0
LEONARD MORLEY	DIRECTOR	N/A	Director	$0	$0	$0
NANCY WOLF	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	$41,144	$40,049	$504,978	$1,095
2023	$365,495	$45,398	$503,883	$320,097

FRIENDS OF DENNIS SENIOR CITIZENS INC