BOYS & GIRLS CLUBS OF PAWTUCKET (EIN 050258924) - 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

1900

Legal Domicile

Principal Officer

JAMES R HOYT JR

Phone

4017228840

Tax Period

2023-09-01 to 2024-08-31

BOYS & GIRLS CLUBS OF PAWTUCKET, founded in 1900, is a community nonprofit in the Youth Development sector that reported $5.3M in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $6.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO INSPIRE AND ENABLE YOUNG PEOPLE TO REALIZE THEIR FULL POTENTIAL.

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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 $2,352,231

Program Service Revenue $2,594,868

Investment Income $248,860

Other Revenue $116,045

TOTAL REVENUE $5,312,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,443,026

Fundraising Expenses $359,542

Program Expenses $5,129,642

Other Expenses $2,567,603

TOTAL EXPENSES $6,011,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,312,004	$13,766,747	-0.6%
Expenses	$6,011,819	$5,217,298	+0.2%
Net Income	$-699,815	$8,549,449	-1.1%

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

Governance

Voting Members

Independent Members

Employees

251

Volunteers

901

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

$453,091

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH T FLEMING	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICOLE CLEMENT	DIRECTOR & VP (TO 5/24)	1.00	Officer Director	$0	$0	$0
JEFFREY LEMOS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL E HOGAN CHFC	DIRECTOR	1.00	Director	$0	$0	$0
LEON C BOGHOSSIAN III ESQ	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE PIMENTA	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY BRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS WESTGATE	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND E WYNNE JR	DIRECTOR	1.00	Director	$0	$0	$0
PAUL L PINTO	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN LYONS	DIRECTOR	1.00	Director	$0	$0	$0
DIANA DITTO	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL GAMM	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE JAROSZ	2ND VICE PRESIDENT	1.00	Director	$0	$0	$0
SORANI GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
JARED L WADE	DIRECTOR	1.00	Director	$0	$0	$0
ALISON BOLOGNA	DIRECTOR	1.00	Director	$0	$0	$0
HARRIET HOLDER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA A WESINGER	DIRECTOR (TO 4/24)	1.00	Director	$0	$0	$0
DEREK MENDOZA	DIRECTOR (AS OF 11/23)	1.00	Director	$0	$0	$0
STEPHEN S IANNAZZI	DIRECTOR (AS OF 11/23)	1.00	Director	$0	$0	$0
AMY S CAROSI	DIRECTOR (AS OF 11/23)	1.00	Director	$0	$0	$0
BRUCE FISHER-MESSIER	1ST VICE PRESIDENT	1.00	Director	$0	$0	$0
DAVID PICANO	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL MORRISROE	TREASURER	1.00	Officer Director	$0	$0	$0
VIKEN JAWHARJIAN	DIRECTOR (AS OF 11/23)	1.00	Director	$0	$0	$0
JAMES R HOYT JR	CHIEF EXECUTIVE OFFICER	35.00	Officer	$170,784	$24,728	$195,512
AMY GONSALVES	DIRECTOR OF DEV. & COMMUNITY RELATIONS	35.00	Officer	$97,159	$22,372	$119,531
ROBERT CARNEY	FINANCE DIRECTOR	35.00	Officer	$102,198	$35,850	$138,048

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	$5,312,004	$6,011,819	$24,692,060	$-699,815
2023	$13,766,747	$5,217,298	$23,407,984	$8,549,449
2022	$6,228,732	$8,649,025	$14,500,507	$-2,420,293
2021	$3,553,465	$3,403,959	$20,641,376	$149,506
2020	$2,351,846	$3,106,624	$18,284,177	$-754,778
2019	$3,348,432	$3,870,941	$17,384,084	$-522,509
2018	$8,175,663	$3,574,566	$17,739,929	$4,601,097

BOYS & GIRLS CLUBS OF PAWTUCKET