THE LAUREL SENIOR CENTER INCORPORATED

EIN: 510109323 501(c)(3)

LAUREL, DE

Total Revenue
$384,298
Total Expenses
$439,013
Total Assets
$937,114
Net Assets
$925,363
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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
1973
Legal Domicile
DE
Principal Officer
PENNY DUNCAN
Phone
3028752536
Tax Period
2024-07-01 to 2025-06-30

THE LAUREL SENIOR CENTER INCORPORATED, founded in 1973, is a small nonprofit that reported $384K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $439K exceeded revenue, resulting in a 14% operating deficit.

Mission

INDIVIDUALS RECEIVING ASSISTANCE BELONG TO A CHARITABLE CLASS: ELDERLY, FRAIL, DISABLED

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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 (2024)

Revenue Breakdown

Contributions & Grants $362,174
Program Service Revenue $7,784
Investment Income $860
Other Revenue $13,480
TOTAL REVENUE $384,298

Expense Breakdown

Grants Paid $0
Salaries & Benefits $283,353
Fundraising Expenses $0
Program Expenses $424,596
Other Expenses $155,660
TOTAL EXPENSES $439,013

Year-over-Year Comparison

2024 2023 Change
Revenue $384,298 $487,971 -0.2%
Expenses $439,013 $410,517 +0.1%
Net Income $-54,715 $77,454 -1.7%
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

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Governance

Voting Members
13
Independent Members
13
Employees
14
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
5
$74,062
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOYCE MORRIS SECRETARY 0.00
Officer Director
$0 $0 $0
CRAIG ELLIOTT PRESIDENT 0.00
Officer Director
$0 $0 $0
GERALDINE HORSEY DIRECTOR 0.00
Director
$0 $0 $0
DONALD HOLDEN DIRECTOR 0.00
Director
$0 $0 $0
MARK LOWE VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
JONATHAN KELLAM DIRECTOR 0.00
Director
$0 $0 $0
LEON WILSON TREASURER 0.00
Officer Director
$0 $0 $0
CONNIE STOCKLEY DIRECTOR 0.00
Director
$0 $0 $0
TOM HARRIS DIRECTOR 0.00
Director
$0 $0 $0
KRISTINA MATTHEWS DIRECTOR 0.00
Director
$0 $0 $0
SUSAN EUDY DIRECTOR 0.00
Director
$0 $0 $0
VIRGINIA LANE DIRECTOR 0.00
Director
$0 $0 $0
ARTEZ WEST DIRECTOR 0.00
Director
$0 $0 $0
PENNY DUNCAN EXECUTIVE DIRECTOR 35.00
Officer
$74,062 $0 $74,062
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
2025 $384,298 $439,013 $937,114 $-54,715
2024 $487,971 $410,517 $993,558 $77,454
2023 $390,116 $370,835 $916,851 $19,281
2022 $328,860 $398,806 $896,418 $-69,946
2021 $429,886 $352,302 $966,122 $77,584
2020 $405,974 $359,734 $886,594 $46,240
2019 $373,171 $366,564 $839,914 $6,607
2018 $323,338 $361,638 $832,907 $-38,300
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