HOLYOKE, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LIGHTWORKS COLLECTIVE INC, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $284K, a strong 17% operating margin.
LIGHTWORK COLLECTIVE CREATES AND OPERATES PROGRAMS THAT EXPAND EQUITABLE ACCESS TO EDUCATION, THE PERFORMING ARTS, AND CREATIVE WORKFORCE DEVELOPMENT. THE ORGANIZATION PRESENTS LIVE PERFORMANCES FEATURING NATIONALLY AND INTERNATIONALLY RECOGNIZED ARTISTS, PROVIDES HANDS-ON TRAINING IN LIVE EVENT PRODUCTION, STAGECRAFT, VIDEO, AND CULINARY ARTS, AND OPERATES A SELF-DIRECTED LEARNING CENTER FOR HIGH-SCHOOL AGED STUDENTS. ADDITIONALLY INITIATIVES INCLUDE CREATIVE MAKER SPACES AND FUTURE PROJECTS THAT ENHANCE COMMUNITY CONNECTION AND OPPORTUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,639,193 | $2,177,322 | -0.2% |
| Expenses | $1,354,964 | $1,052,795 | +0.3% |
| Net Income | $284,229 | $1,124,527 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CATHERINE GOBRON | EXECUTIVE DI | 40.00 |
Director
|
$105,013 | $0 | $105,013 |
| TONY SCIBELLI | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE STONE | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SITA MAGNUSON | CLERK | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR LATOYA BOSWORTH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JILL BREVICK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL DIPASQUALE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BROOKE KARUNANANDE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH KATZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MELANY MENDOZA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HANNAH REUTER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,639,193 | $1,354,964 | $4,632,992 | $284,229 |
| 2024 | $2,177,322 | $1,052,795 | $1,991,572 | $1,124,527 |
| 2023 | $881,328 | $842,540 | $779,736 | $38,788 |
| 2022 | $981,775 | $692,785 | $701,838 | $288,990 |
| 2021 | $579,223 | $441,754 | $544,211 | $137,469 |
| 2020 | $493,173 | $457,925 | $351,062 | $35,248 |
| 2019 | $428,985 | $383,369 | $255,032 | $45,616 |
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