BROAD BROOK COMMUNITY CENTER INC

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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

2015

Principal Officer

SHERRY PROVIDENCE

Phone

8022570080

Tax Period

2024-01-01 to 2024-12-31

BROAD BROOK COMMUNITY CENTER INC, founded in 2015, is a micro nonprofit in the Human Services sector that reported $70K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $117K exceeded revenue, resulting in a 67% operating deficit.

Mission

The mission of the Broad Brook Community Center, Inc. is to preserve and care for Guilfords historic Grange Hall by revitalizing it as a gathering place for activities that foster community spirit, honor our community heritage, and spark creative ways to enhance the well-being of, and serve, the people of Guilford now and for generations to come.We envision a refreshed and accessible Broad Brook Community Center serving as a home for activities that foster community spirit and honor our rural heritage. The Center will be the catalyst, a spark for creative ways to enhance the lives of the people who live here, now and in the future.

Program Service Accomplishments

Program 1

Expenses: $14,555 Revenue: $22,270

In January 2018, the Broad Brook Community Center, Inc. acquired the Broad Brook Grange #151s historic gathering place.The mission of the Broad Brook Community Center, Inc. is to preserve and care...

In January 2018, the Broad Brook Community Center, Inc. acquired the Broad Brook Grange #151s historic gathering place.The mission of the Broad Brook Community Center, Inc. is to preserve and care for Guilfords historic Grange Hall by revitalizing it as a gathering place for activities that foster community spirit, honor our community heritage, and spark creative ways to enhance the well-being of, and serve, the people of Guilford now and for generations to come.We envision a refreshed and accessible Broad Brook Community Center serving as a home for activities that foster community spirit and honor our rural heritage. The Center will be the catalyst, a spark for creative ways to enhance the lives of the people who live here, now and in the future.While preserving the buildings historic character, renovations will add new features and bring it into compliance with current safety codes and ADA standards, plus add beauty, usability and sustainability.

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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 (2024)

Revenue Breakdown

Contributions & Grants $42,789

Program Service Revenue $22,270

Investment Income $21

Other Revenue $5,043

TOTAL REVENUE $70,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,178

Fundraising Expenses $591

Program Expenses $14,555

Other Expenses $87,808

TOTAL EXPENSES $116,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$70,123	$142,599	-0.5%
Expenses	$116,986	$115,139	+0.0%
Net Income	$-46,863	$27,460	-2.7%

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

Employees

Volunteers

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
JULIE HOLLAND	Treasurer	2.00	Officer Director	$0	$0	$0
ALAN OVERMAN	Director	2.00	Director	$0	$0	$0
CAROL SCHNABEL	Director	1.00	Director	$0	$0	$0
RORY LINCOLN	Director	1.00	Director	$0	$0	$0
DIANE MURPHY	Vice President	1.00	Officer Director	$0	$0	$0
FRANK LARKIN	Director	1.00	Director	$0	$0	$0
SHERRY PROVIDENCE	President	2.00	Officer Director	$0	$0	$0
MARY WALLACE COLLINS	Director	1.00	Director	$0	$0	$0
GREGORY STEIN	Secretary	1.00	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	$70,123	$116,986	$2,295,318	$-46,863
2023	$142,599	$115,139	$2,337,563	$27,460
2022	$588,576	$81,290	$2,655,646	$507,286
2021	$716,486	$33,837	$1,802,058	$682,649
2020	$215,118	$44,939	$1,120,220	$170,179
2019	$296,282	$44,560	$949,230	$251,722
2018	$687,220	$18,604	$697,508	$668,616