ST MARY SENIOR LIFE FOUNDATION OF LYNN INCORPORATED

EIN: 142005509 501(c)(3) Human Services

LYNN, MA

Total Revenue
$200,145
Total Expenses
$90,947
Total Assets
$1,600,138
Net Assets
$844,919
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MA
Principal Officer
EDWARD CALNAN
Phone
7819430200
Tax Period
2023-01-01 to 2023-12-31

ST MARY SENIOR LIFE FOUNDATION OF LYNN INCORPORATED, founded in 2007, is a small nonprofit in the Human Services sector that reported $200K in total revenue in fiscal year 2023. The organization ran a surplus of $109K, a strong 55% operating margin.

Mission

TO ASSIST RESIDENTS(LOW INCOME ELDERLY AND HANDICAPPED) OF ST. MARY'S PLAZA AND ST. THERESA HOUSE BY PROVIDING AN ADDITIONAL SOURCE OF FUNDS TO FURTHER PROMOTE THE HEALTH AND SOCIAL SUPPORT DESIGNED TO MEET THEIR PHYSICAL,SOCIAL, AND PSYCHOLOGICAL NEEDS.

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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 $0
Program Service Revenue $140,000
Investment Income $60,145
Other Revenue $0
TOTAL REVENUE $200,145

Expense Breakdown

Grants Paid $65,850
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $65,850
Other Expenses $25,097
TOTAL EXPENSES $90,947

Year-over-Year Comparison

2023 2022 Change
Revenue $200,145 $190,709 +0.0%
Expenses $90,947 $156,599 -0.4%
Net Income $109,198 $34,110 +2.2%
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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Governance

Voting Members
5
Independent Members
5
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD T CALNAN PRESIDENT AND DIRECTOR 3.00
Officer Director
$0 $0 $0
MSGR BRIAN FLYNN TREASURER AND DIRECTOR 1.00
Officer Director
$0 $0 $0
KATHY KANE DIRECTOR 0.20
Director
$0 $0 $0
JAMES FAIETA DIRECTOR 0.20
Director
$0 $0 $0
GARY BEAVER DIRECTOR AND CLERK 0.20
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 $200,145 $90,947 $1,600,138 $109,198
2022 $190,709 $156,599 $1,575,849 $34,110
2021 $107,370 $21,945 $701,609 $85,425
2020 $35,262 $29,536 $616,184 $5,726
2019 $-1,501 $15,612 $610,458 $-17,113
2018 $47,615 $39,706 $627,571 $7,909
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