GLOUCESTER CELEBRATION CORPORATION CO ROBERT J GILLIS JR (EIN 043396270) - 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

1997

Legal Domicile

Principal Officer

ROBERT J GILLIS JR

Phone

9782908739

Tax Period

2023-01-01 to 2023-12-31

GLOUCESTER CELEBRATION CORPORATION CO ROBERT J GILLIS JR, founded in 1997, is a small nonprofit in the Human Services sector that reported $658K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $816K exceeded revenue, resulting in a 24% operating deficit.

Mission

The mission of the Organization is to advance, preserve, and celebrate the history and rich culture of Gloucester, Massachusetts through educational programs, activities, and commemorative events.

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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 $657,202

Program Service Revenue $13,673

Investment Income $5,884

Other Revenue $-18,351

TOTAL REVENUE $658,408

Expense Breakdown

Grants Paid $79,110

Salaries & Benefits $0

Fundraising Expenses $39,281

Program Expenses $694,104

Other Expenses $735,097

TOTAL EXPENSES $815,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$658,408	$375,614	+0.8%
Expenses	$815,605	$579,803	+0.4%
Net Income	$-157,197	$-204,189	-0.2%

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

300

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
FRANCIS J MCCARTHY OFF 1219	Treasurer	1.00	Officer Director	$0	$0	$0
BRUCE H TOBEY	President	5.00	Officer Director	$0	$0	$0
ROBERT J GILLIS JR	Vice President	10.00	Officer Director	$0	$0	$0
RUTH PINO	Secretary	10.00	Officer Director	$0	$0	$0
SUZANNE SILVEIRA	Secretary	2.00	Officer Director	$0	$0	$0
LINN PARISI	Director	1.00	Director	$0	$0	$0
FRANCES MONDELLO	Director	1.00	Director	$0	$0	$0
ANDREW MARQUES	Director	1.00	Director	$0	$0	$0
ERIN ANASTASIA MURPHY	Treasurer	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	$658,408	$815,605	$216,761	$-157,197
2022	$375,614	$579,803	$372,430	$-204,189
2021	$242,552	$106,462	$576,619	$136,090
2020	$66,977	$136,225	$440,529	$-69,248

GLOUCESTER CELEBRATION CORPORATION CO ROBERT J GILLIS JR