ALTERNATIVE LEISURE CO INC

EIN: 222563176 501(c)(3)

WATERTOWN, MA

Total Revenue
$463,727
Total Expenses
$706,352
Total Assets
$246,126
Net Assets
$246,126
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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
1984
Legal Domicile
MA
Principal Officer
FRANCIS X GALLIGAN
Tax Period
2019-01-01 to 2019-12-31

ALTERNATIVE LEISURE CO INC, founded in 1984, is a small nonprofit that reported $464K in total revenue in fiscal year 2019. Expenses of $706K exceeded revenue, resulting in a 52% operating deficit.

Mission

PROVIDE RECREATIONAL NEEDS FOR SPECIAL NEEDS INDIVIDUALS

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $412,250
Investment Income $51,477
Other Revenue $0
TOTAL REVENUE $463,727

Expense Breakdown

Grants Paid $0
Salaries & Benefits $240,767
Fundraising Expenses $0
Program Expenses $545,053
Other Expenses $465,585
TOTAL EXPENSES $706,352

Year-over-Year Comparison

2019 2018 Change
Revenue $463,727 $487,144 0.0%
Expenses $706,352 $600,308 +0.2%
Net Income $-242,625 $-113,164 +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

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Governance

Voting Members
4
Independent Members
3
Employees
2
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCIS X GALLIGAN PRESIDENT 20.00
Officer Director
$0 $0 $0
DREW BILILLIES FORMER PRESIDENT 60.00
$178,365 $0 $178,365
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
2019 $463,727 $706,352 $246,126 $-242,625
2018 $487,144 $600,308 $488,751 $-113,164
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