GALAXY COMMUNITY COUNCIL (EIN 043059758) - 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

1984

Legal Domicile

Principal Officer

DONNA CHARETTE

Phone

4133234577

Tax Period

2023-01-01 to 2023-12-31

GALAXY COMMUNITY COUNCIL, founded in 1984, is a micro nonprofit in the Public & Societal Benefit sector that reported $47K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring.

Mission

SUPPORT THE GREAT NEW ENGLAND AIR SHOW AND WESTOVER AIR RESERVE BASE.

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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 $1,775

Program Service Revenue $0

Investment Income $1,642

Other Revenue $43,177

TOTAL REVENUE $46,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $39,096

Other Expenses $47,673

TOTAL EXPENSES $47,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,594	$118,687	-0.6%
Expenses	$47,673	$109,084	-0.6%
Net Income	$-1,079	$9,603	-1.1%

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

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
EARL BONNET	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CARBIN	DIRECTOR	1.00	Director	$0	$0	$0
ALAN CHWALEK	DIRECTOR	1.00	Director	$0	$0	$0
DON FERRELL	DIRECTOR	1.00	Director	$0	$0	$0
BOB HOULDSON	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD SPELLACY JR	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MARION	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH MARIOS	DIRECTOR	1.00	Director	$0	$0	$0
VICKIE MARYOU	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BEAULIEU	PRESIDENT	1.00	Officer	$0	$0	$0
DONNA CHARETTE	TREASURER	5.00	Officer	$0	$0	$0
CHRISTOPHER CIGNOLI	VICE PRESIDE	1.00	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
2024	No data	No data	No data	No data
2023	$46,594	$47,673	$76,509	$-1,079
2022	$118,687	$109,084	$77,588	$9,603
2021	$27,054	$26,313	$67,985	$741
2020	$6,927	$17,973	$67,244	$-11,046

GALAXY COMMUNITY COUNCIL