Frank Newhall Look Memorial Park Inc

EIN: 043580572 501(c)(3) Recreation & Sports

Florence, MA

Total Revenue
$1,880,282
Total Expenses
$1,922,154
Total Assets
$10,190,986
Net Assets
$7,292,641
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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
1928
Legal Domicile
MA
Principal Officer
Anthony Villani
Phone
4135845457
Tax Period
2023-01-01 to 2023-12-31

Frank Newhall Look Memorial Park Inc, founded in 1928, is a community nonprofit in the Recreation & Sports sector that reported $1.9M in total revenue in fiscal year 2023. Net assets of $7.3M represent 47 months of operating reserves.

Mission

Operation of a public park.

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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 $312,457
Program Service Revenue $844,029
Investment Income $154,662
Other Revenue $569,134
TOTAL REVENUE $1,880,282

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,071,458
Fundraising Expenses $57,800
Program Expenses $1,473,534
Other Expenses $850,696
TOTAL EXPENSES $1,922,154

Year-over-Year Comparison

2023 2022 Change
Revenue $1,880,282 $1,804,416 +0.0%
Expenses $1,922,154 $1,784,336 +0.1%
Net Income $-41,872 $20,080 -3.1%
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

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Governance

Voting Members
9
Independent Members
9
Employees
75
Volunteers
9

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
6
$91,432
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Justin Pelis Executive Dir. 40.00
Officer
$91,432 $0 $91,432
Sharianne Walker Chair 3.00
Officer Director
$0 $0 $0
Scott Keiter Trustee 3.00
Director
$0 $0 $0
Michael Wall thru 122023 Treasurer 5.00
Officer Director
$0 $0 $0
William Hogan III Trustee 3.00
Director
$0 $0 $0
Mayor Gina-Louise Sciarra Trustee 1.00
Director
$0 $0 $0
Robert Ostberg thru 1123 Co Chair 3.00
Officer Director
$0 $0 $0
Nancy Reeves Secretary 3.00
Officer Director
$0 $0 $0
Mark Espesito Trustee 3.00
Director
$0 $0 $0
Anthony Villani Treasurer 3.00
Officer 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 No data No data No data No data
2023 $1,880,282 $1,922,154 $10,190,986 $-41,872
2022 $1,804,416 $1,784,336 $9,608,082 $20,080
2021 $2,883,597 $1,631,266 $10,382,175 $1,252,331
2020 $939,154 $1,440,679 $9,246,774 $-501,525
2019 $1,608,405 $2,145,146 $9,207,344 $-536,741
2018 $2,044,532 $2,014,976 $8,727,187 $29,556
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