LOWELL SUN CHARITIES INC (EIN 046004936) - 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

1947

Legal Domicile

Principal Officer

MARC GRASSO

Phone

9789704786

Tax Period

2024-07-01 to 2025-06-30

LOWELL SUN CHARITIES INC, founded in 1947, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $256K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $319K exceeded revenue, resulting in a 25% operating deficit.

Mission

RAISE FUNDS FOR CHARITABLE CAUSES AS WELL AS NEEDY FAMILIES IN THE GREATER LOWELL AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $250,976

Program Service Revenue $0

Investment Income $4,598

Other Revenue $0

TOTAL REVENUE $255,574

Expense Breakdown

Grants Paid $179,524

Salaries & Benefits $100,855

Fundraising Expenses $39,237

Program Expenses $190,961

Other Expenses $38,365

TOTAL EXPENSES $318,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,574	$331,037	-0.2%
Expenses	$318,744	$348,542	-0.1%
Net Income	$-63,170	$-17,505	+2.6%

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

Governance

Voting Members

Independent Members

Employees

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

$36,000

Total Directors

$72,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN COUGHLIN	PRESIDENT	15.00	Officer Director	$36,000	$0	$36,000
MARC GRASSO	TREASURER	5.00	Officer Director	$0	$0	$0
KEVIN CORRADO	CLERK	5.00	Officer Director	$0	$0	$0
LIZ LEDDY	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES B CASTLEBERRY	DIRECTOR-NON VOTING	1.00	Director	$36,000	$0	$36,000
MICHAEL SHEEHAN	DIRECTOR-NON VOTING	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
2025	$255,574	$318,744	$283,058	$-63,170
2024	$331,037	$348,542	$346,298	$-17,505
2023	$416,760	$298,086	$364,764	$118,674
2022	$236,260	$254,473	$244,676	$-18,213
2021	$267,809	$280,712	$262,680	$-12,903
2020	$473,859	$349,454	$275,503	$124,405
2019	$374,916	$347,344	$156,244	$27,572

LOWELL SUN CHARITIES INC