SPRINGFIELD COUNCIL FOR CULTURAL AND COMMUNITY AFFAIRS INC (EIN 042679906) - 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

1979

Legal Domicile

Principal Officer

Mayor Domenic J Sarno

Phone

4137877891

Tax Period

2022-07-01 to 2023-06-30

SPRINGFIELD COUNCIL FOR CULTURAL AND COMMUNITY AFFAIRS INC, founded in 1979, is a micro nonprofit that reported $39 in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $85K exceeded revenue, resulting in a 217082% operating deficit.

Mission

THE PURPOSE IS TO PROVIDE VARIOUS SOCIAL AND CULTURAL EVENTS AND ACTIVITIES FOR THE BENEFIT OF RESIDENTS OF SPRINGFIELD, 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $39

Other Revenue $0

TOTAL REVENUE $39

Expense Breakdown

Grants Paid $84,518

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,518

Other Expenses $183

TOTAL EXPENSES $84,701

Year-over-Year Comparison

	2022	2021	Change
Revenue	$39	$50	-0.2%
Expenses	$84,701	$19,458	+3.4%
Net Income	$-84,662	$-19,408	+3.4%

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

N/A

Volunteers

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
Mayor Domenic J Sarno	President	1.00	Director	$0	$0	$0
Patrick J Sullivan	Vice President	1.00	Director	$0	$0	$0
Kathleen Breck	Secretary	1.00	Director	$0	$0	$0
Patrick Burns	Clerk	1.00	Director	$0	$0	$0
Helen Caulton-Harris	Director	1.00	Director	$0	$0	$0
Carol Langevin	Treasurer	1.00	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
2023	$39	$84,701	$821,135	$-84,662
2022	$50	$19,458	$1,566,679	$-19,408
2021	$10	$152	$548,887	$-142
2019	$31,671	$36,881	$547,525	$-5,210

SPRINGFIELD COUNCIL FOR CULTURAL AND COMMUNITY AFFAIRS INC