LAWRENCE FAMILY DEVELOPMENT INC

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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

1992

Legal Domicile

Principal Officer

JOSE JAVIER

Phone

9782248808

Tax Period

2023-07-01 to 2024-06-30

LAWRENCE FAMILY DEVELOPMENT INC, founded in 1992, is a community nonprofit in the Human Services sector that reported $7.2M in total revenue in fiscal year 2023. Expenses of $8.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO STRENGTHEN INDIVIDUALS AND FAMILIES OF LAWRENCE, MA THROUGH THE DEVELOPMENT OF THRIVING NEIGHBORHOODS BY PROVIDING OPPORTUNITY YOUTH LIFE SKILLS AND CAREER TRAINING, ADULT EDUCATION SERVICES, LEASED SPACE AND BUSINESS MANAGEMENT FOR A PUBLIC CHARTER SCHOOL AND TURNAROUND PROVIDER FOR UNDERPERFORMING SCHOOL DISTRICTS.

Program Service Accomplishments

Program 1

Expenses: $477,692 Revenue: $2,044,794

ADULT PROGRAMMING ADDRESSES A WIDE RANGE OF ISSUES IMPORTANT TO FAMILIES IN THE CITY OF LAWRENCE WITH CLASSES AND SERVICES FOCUSED ON CITIZENSHIP EDUCATION, ENGLISH AS A SECOND LANGUAGE (ESL)...

ADULT PROGRAMMING ADDRESSES A WIDE RANGE OF ISSUES IMPORTANT TO FAMILIES IN THE CITY OF LAWRENCE WITH CLASSES AND SERVICES FOCUSED ON CITIZENSHIP EDUCATION, ENGLISH AS A SECOND LANGUAGE (ESL), MINORITY LEADERSHIP, SUSTAINING ECONOMIC DEVELOPMENT OPPORTUNITIES AND FINANCIAL LITERACY.

Program 2

Expenses: $4,440,475 Revenue: $1,123,224

SISU YOUTH PROGRAMMING DEVELOPS THE EDUCATIONAL AND LEADERSHIP POTENTIAL OF INNER CITY YOUTH AND YOUNG ADULTS IN LAWRENCE TO IMPROVE THEIR LIVES AND COMMUNITY THROUGH SERVICE AND SUSTAINING ECONOMIC DEVELOPMENT OPPORTUNITIES. YOUTH ADVOCACY TO FOSTER LIFELONG LEARNING AND CAREER DEVELOPMENT.

Program 3

Expenses: $1,763,973 Revenue: $1,755,110

THE CORPORATION IS A CONTRACTED MANAGEMENT ORGANIZATION FOR AN INDEPENDENT PUBLIC CHARTER SCHOOL AND A PREFERRED PROVIDER AS TURNAROUND OPERATOR FOR UNDERPERFORMING PUBLIC SCHOOL DISTRICTS.

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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 $2,273,247

Program Service Revenue $3,168,018

Investment Income $-22,407

Other Revenue $1,755,110

TOTAL REVENUE $7,173,968

Expense Breakdown

Grants Paid $87,630

Salaries & Benefits $4,403,932

Fundraising Expenses $9,049

Program Expenses $6,682,140

Other Expenses $3,780,968

TOTAL EXPENSES $8,272,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,173,968	$6,677,985	+0.1%
Expenses	$8,272,530	$7,053,566	+0.2%
Net Income	$-1,098,562	$-375,581	+1.9%

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

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

$255,319

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE JAVIER	PRESIDENT	0.25	Officer Director	$0	$0	$0
JAMES KARAMOURTOPOULOS	TREASURER	0.25	Officer Director	$0	$0	$0
JOHN MCELROY	CLERK	0.25	Officer Director	$0	$0	$0
CARLOS CEDANOS	DIRECTOR	0.25	Director	$0	$0	$0
DAN MATLACK	DIRECTOR	0.25	Director	$0	$0	$0
HECTOR SANTIAGO	DIRECTOR	0.25	Director	$0	$0	$0
GABRIELA TAVERAS	DIRECTOR	0.25	Director	$0	$0	$0
EDISON MERCEDES	DIRECTOR	0.25	Director	$0	$0	$0
RAMONA ANDRICKSON	DIRECTOR	0.25	Director	$0	$0	$0
RALPH CARRERO	EXECUTIVE DI	10.00	Officer	$0	$31,769	$255,319
SUSAN PERRY	FINANCE DIRE	14.00	Highest	$115,983	$1,351	$117,334
TONY SCHUMANN	TECH. DIRECT	10.00	Highest	$117,030	$7,750	$124,780
PAUL HEITHAUS	DIRECT. PROG	10.00	Highest	$104,545	$824	$105,369

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	$7,173,968	$8,272,530	$7,095,054	$-1,098,562
2023	$6,677,985	$7,053,566	$8,174,586	$-375,581
2022	$5,746,870	$5,785,137	$8,889,416	$-38,267
2021	$4,742,547	$4,199,462	$8,787,634	$543,085
2020	$4,761,681	$4,881,898	$8,710,042	$-120,217
2019	$4,224,015	$5,067,775	$8,482,512	$-843,760
2018	$4,080,850	$4,810,358	$9,570,737	$-729,508