FRIENDS OF THE LINCOLN COUNCIL ON AGING

EIN: 042752877 501(c)(3)

LINCOLN, MA

Total Revenue
$485,451
Total Expenses
$75,146
Total Assets
$2,623,669
Net Assets
$2,623,669
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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
1982
Legal Domicile
MA
Phone
7812598811
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF THE LINCOLN COUNCIL ON AGING, founded in 1982, is a small nonprofit that reported $485K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $410K, a strong 85% operating margin.

Mission

PROVIDE SUPPORT FOR SENIOR CITIZENS IN LINCOLN, MASSACHUSETTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $122,554
Program Service Revenue $16,068
Investment Income $346,829
Other Revenue $0
TOTAL REVENUE $485,451

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $65,391
Other Expenses $75,146
TOTAL EXPENSES $75,146

Year-over-Year Comparison

2024 2023 Change
Revenue $485,451 $402,750 +0.2%
Expenses $75,146 $97,211 -0.2%
Net Income $410,305 $305,539 +0.3%
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
11
Independent Members
11
Employees
N/A
Volunteers
40

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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RHONDA SWAIN President 2.00
Officer Director
$0 $0 $0
CRAIG DONALDSON Vice President 1.00
Officer Director
$0 $0 $0
PATRICK LAWLER Co Treasurer 1.00
Officer Director
$0 $0 $0
PETER VON MERTENS Co Treasurer 1.00
Officer Director
$0 $0 $0
LYNNE LASPINA Corr Secretary 1.00
Officer Director
$0 $0 $0
FLORENCE BEAUDRY Director 1.00
Director
$0 $0 $0
IRENE BRIEDIS Director 1.00
Director
$0 $0 $0
ROB TODD Director 1.00
Director
$0 $0 $0
GWYN LOUD Director 1.00
Director
$0 $0 $0
PAUL SVETZ Director 1.00
Director
$0 $0 $0
EDWIN TAM Director 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
2025 $485,451 $75,146 $2,623,669 $410,305
2024 $402,750 $97,211 $2,356,783 $305,539
2023 $10,221 $55,158 $1,894,364 $-44,937
2022 $165,393 $36,667 $1,725,589 $128,726
2021 $370,973 $29,771 $2,056,910 $341,202
2020 $47,885 $40,243 $1,577,021 $7,642
2019 $177,755 $51,718 $1,418,176 $126,037
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