DORIC ASSOCIATION INC JEFFREY A LEVASSEUR (EIN 161688899) - 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

2004

Legal Domicile

Principal Officer

JEFFREY A LEVASSEUR

Phone

4013740748

Tax Period

2022-11-01 to 2023-10-31

DORIC ASSOCIATION INC JEFFREY A LEVASSEUR, founded in 2004, is a micro nonprofit in the Community Improvement sector that reported $77K in total revenue in fiscal year 2022. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $117K exceeded revenue, resulting in a 52% operating deficit.

Mission

HOLDS TITLE TO PROPERTY FOR 501(C) (10) ORGANIZATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $67,228

Other Revenue $9,960

TOTAL REVENUE $77,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $117,184

TOTAL EXPENSES $117,184

Year-over-Year Comparison

	2022	2021	Change
Revenue	$77,188	$134,377	-0.4%
Expenses	$117,184	$103,388	+0.1%
Net Income	$-39,996	$30,989	-2.3%

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

N/A

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
ARMEN AVAGYAN	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE DONAHUE	DIRECTOR	N/A	Director	$0	$0	$0
BERNARD HANDLER	DIRECTOR	N/A	Director	$0	$0	$0
DAVID DESPLAINES	PRESIDENT	N/A	Officer	$0	$0	$0
JOSHUA EDWARDS	VICE PRESIDE	N/A	Officer	$0	$0	$0
ROBERT KEMPF	SECRETARY	N/A	Officer	$0	$0	$0
JEFFREY A LEVASSEUR	TREASURER	N/A	Officer	$0	$0	$0
JAMES RAPSON	DIRECTOR	N/A	Officer	$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
2023	$77,188	$117,184	$2,379,596	$-39,996
2023	$103,460	$105,106	$2,685,267	$-1,646
2022	$134,377	$103,388	$2,383,052	$30,989
2021	$152,352	$123,196	$2,745,405	$29,156
2020	$53,183	$115,219	$2,412,233	$-62,036

DORIC ASSOCIATION INC JEFFREY A LEVASSEUR