GLOUCESTER WRITERS CENTER INC (EIN 272817445) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

HENRY FERRINI

Phone

6178033693

Tax Period

2022-04-01 to 2023-03-31

GLOUCESTER WRITERS CENTER INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $211K in total revenue in fiscal year 2022. The organization ran a surplus of $40K, a strong 19% operating margin.

Mission

THE PROGRAM OF THE GLOUCESTER WRITERS CENTER WILL INCLUDE A LIBRARY FOCUSED ON THE WORKS OF AND ABOUT OLSON, FERRINI, AND RELATED WRITERS; A RESIDENCY FOR VISITING WRITERS; PUBLIC PROGRAMS INCLUDING LECTURES, FILMS, AND DISCUSSIONS OF THE WORK OF OLSON, FERRINI, AND OTHERS; WRITING WORKSHOPS; AND OUTREACH TO YOUNG WRITERS AND READERS. SUPPORT WILL BE SOLICITED FROM FOUNDATIONS, GOVERNMENT AGENCIES AND THE GENERAL PUBLIC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $203,866

Program Service Revenue $6,960

Investment Income $203

Other Revenue $0

TOTAL REVENUE $211,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,449

Fundraising Expenses $50,865

Program Expenses $52,618

Other Expenses $37,058

TOTAL EXPENSES $171,507

Year-over-Year Comparison

	2022	2021	Change
Revenue	$211,029	$196,593	+0.1%
Expenses	$171,507	$88,994	+0.9%
Net Income	$39,522	$107,599	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

$43,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA MILLEFOGLIE	DIRECTOR	1.00	Director	$0	$0	$0
HENRY FERRINI	EXECUTIVE DIRECTOR	25.00	Director	$43,680	$0	$43,680
HEIDI WAKEMAN	VICE PRESIDENT	1.00	Director	$0	$0	$0
JAY FEATHERSTONE	PRESIDENT	5.00	Director	$0	$0	$0
MARY CAMPBELL	CLERK	1.00	Director	$0	$0	$0
DOROTHY SHUBOW NELSON	DIRECTOR	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
2023	$211,029	$171,507	$330,641	$39,522

GLOUCESTER WRITERS CENTER INC