LANESVILLE COMMUNITY CENTER INC

EIN: 043245421 501(c)(3) Community Improvement

GLOUCESTER, MA

Total Revenue
$26,791
Total Expenses
$37,725
Total Assets
$511,697
Net Assets
$511,697
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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
1954
Legal Domicile
MA
Principal Officer
PHARREL WENER
Phone
9783819522
Tax Period
2023-01-01 to 2023-12-31

LANESVILLE COMMUNITY CENTER INC, founded in 1954, is a micro nonprofit in the Community Improvement sector that reported $27K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $38K exceeded revenue, resulting in a 41% operating deficit.

Mission

PROVIDE A COMMUNITY GATHERING PLACE

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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 $12,951
Program Service Revenue $0
Investment Income $615
Other Revenue $13,225
TOTAL REVENUE $26,791

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $37,725
TOTAL EXPENSES $37,725

Year-over-Year Comparison

2023 2022 Change
Revenue $26,791 $34,487 -0.2%
Expenses $37,725 $36,447 +0.0%
Net Income $-10,934 $-1,960 +4.6%
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
9
Independent Members
9
Employees
N/A
Volunteers
100

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL MAZER PRESIDENT 4.00
Officer
$0 $0 $0
PHARREL WENER TREASURER 5.00
Officer
$0 $0 $0
ELIZABETH ENFIELD SECRETARY 4.00
Officer
$0 $0 $0
JENNIFER LEE LEVITZ DIRECTOR 2.00
Director
$0 $0 $0
VALERIE NELSON DIRECTOR 2.00
Director
$0 $0 $0
ROSS BURTON DIRECTOR 2.00
Director
$0 $0 $0
MARY BETH PEREIRA DIRECTOR 2.00
Director
$0 $0 $0
DON OJANTANKENAN DIRECTOR 2.00
Director
$0 $0 $0
CHRISTINE DROHAN DIRECTOR 2.00
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 $26,791 $37,725 $511,697 $-10,934
2022 $34,487 $36,447 $522,631 $-1,960
2021 $48,712 $33,366 $524,591 $15,346
2020 $22,759 $31,750 $509,245 $-8,991
2019 $64,000 $48,281 $518,236 $15,719
2018 $57,106 $39,158 $502,617 $17,948
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