THE LAUREL SENIOR CENTER INCORPORA… - Form 990 Financial Data

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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

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

TO PROMOTE SOCIAL AND RECREATIONAL ACTIVITIES TO THE SENIOR CITIZENS ASSOCIATED WITH THE LAUREL SENIOR CENTER AND SURROUNDING COMMUNITY. OUR ACTIVITIES PROVIDE SENIOR CITIZENS OPPORTUNITIES TO IMPROVE THEIR ECONOMIC, PHYSICAL, AND SOCIAL WELL-BEING.

Program Service Accomplishments

Program 1

Expenses: $424,596 Revenue: $22,124

VARIOUS PROGRAMS TO PROVIDE LEISURE ACTIVITIES, EDUCATION, INFORMATION, AND MEDICAL DAY CARE SERVICES TO SENIOR CITIZENS.

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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 $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

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

$74,062

Total Directors

Key Employees

Highest Compensated

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

THE LAUREL SENIOR CENTER INCORPORATED