FRIENDS OF THE SENIOR CENTER INC

EIN: 042792036 501(c)(3) Human Services

N CHELMSFORD, MA

Total Revenue
$135,834
Total Expenses
$114,495
Total Assets
$899,877
Net Assets
$899,877
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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
1981
Legal Domicile
MA
Principal Officer
GEORGE CARSTENS
Phone
9782511123
Tax Period
2023-07-01 to 2024-06-30

FRIENDS OF THE SENIOR CENTER INC, founded in 1981, is a small nonprofit in the Human Services sector that reported $136K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21K, a strong 16% operating margin.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE, FOSTER, ENCOURAGE, AND SPONSOR ACTIVITIES FOR THE BENEFIT OF THE HEALTH, EDUCATION, AND WELFARE OF THE SENIOR CITIZENS OF THE TOWN OF CHELMSFORD, MA AND THE SURROUNDING 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $52,010
Program Service Revenue $49,153
Investment Income $5,341
Other Revenue $29,330
TOTAL REVENUE $135,834

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $65,229
Other Expenses $114,495
TOTAL EXPENSES $114,495

Year-over-Year Comparison

2023 2022 Change
Revenue $135,834 $102,179 +0.3%
Expenses $114,495 $109,840 +0.0%
Net Income $21,339 $-7,661 -3.8%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
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
6
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MCCORMACK DIRECTOR 1.00
Director
$0 $0 $0
SHARON KENNELLY DIRECTOR 1.00
Director
$0 $0 $0
MARY ANN EGAN DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA NIEMASZYK DIRECTOR 1.00
Director
$0 $0 $0
CLAIRE LYNCH DIRECTOR 1.00
Director
$0 $0 $0
GEORGE CARSTENS TREASURER 10.00
Officer
$0 $0 $0
MARCIA HERLIHY PRESIDENT 10.00
Officer
$0 $0 $0
KATE FRIESNER CLERK 5.00
Officer
$0 $0 $0
JANET ROSSI VICE PRESIDENT 5.00
Officer
$0 $0 $0
ANDREW MICHAUD ASST. TREASURER 5.00
Officer
$0 $0 $0
CYNTHIA JOYCE ASST. CLERK 5.00
Officer
$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 $135,834 $114,495 $899,877 $21,339
2023 $102,179 $109,840 $823,452 $-7,661
2022 $62,874 $67,654 $770,017 $-4,780
2021 $240,517 $73,866 $919,186 $166,651
2020 $79,214 $105,887 $775,649 $-26,673
2019 $92,483 $80,495 $799,495 $11,988
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