CULTURAL ORGANIZATION OF LOWELL INC (EIN 043579969) - 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

2001

Legal Domicile

Principal Officer

JAMES T LICHOULAS III

Phone

9784467162

Tax Period

2023-07-01 to 2024-06-30

CULTURAL ORGANIZATION OF LOWELL INC, founded in 2001, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $18K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $9K, a strong 47% operating margin.

Mission

THE CULTURAL ORGANIZATION OF LOWELL'S MISSION IS TO STRENGTHEN THE VITALITY AND ECONOMIC GROWTH OF ARTS AND CULTURE IN LOWELL MASSACHUSETTS BY SERVING THE CREATIVE COMMUNITY BY FOSTERING COMMUNICATION, COLLABORATION, ADVOCACY AND PROMOTION OF CULTURAL AFFAIRS AND EVENTS IN THE CITY OF LOWELL MASSACHUSETTS.

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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 $10,553

Program Service Revenue $7,009

Investment Income $768

Other Revenue $0

TOTAL REVENUE $18,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,745

Other Expenses $9,745

TOTAL EXPENSES $9,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,330	$21,704	-0.2%
Expenses	$9,745	$10,082	0.0%
Net Income	$8,585	$11,622	-0.3%

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
PATRICK COOK	PRESIDENT	5.00	Officer Director	$0	$0	$0
JAMES T LICHOULAS III	TREASURER	5.00	Officer Director	$0	$0	$0
VANNA HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
CHAN HUOT	DIRECTOR	1.00	Director	$0	$0	$0
SARA KHUN	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON LAMEY	DIRECTOR	1.00	Director	$0	$0	$0
RONELD LORES	DIRECTOR	1.00	Director	$0	$0	$0
LZ NUNN	DIRECTOR	1.00	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
2024	$18,330	$9,745	$115,323	$8,585
2023	$21,704	$10,082	$168,658	$11,622
2022	$23,258	$9,328	$110,440	$13,930
2021	$6,494	$12,685	$99,497	$-6,191
2020	$67,664	$68,118	$107,632	$-454
2019	$190,011	$135,282	$149,370	$54,729
2018	$167,559	$239,040	$171,502	$-71,481

CULTURAL ORGANIZATION OF LOWELL INC