MASSLNC INC

EIN: 830899189 501(c)(3)

WORCESTER, MA

Total Revenue
$264,133
Total Expenses
$297,772
Total Assets
$158,424
Net Assets
$158,424
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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
2018
Legal Domicile
MA
Principal Officer
RON GAGNON
Phone
5087553323
Tax Period
2018-07-01 to 2019-06-30

MASSLNC INC, founded in 2018, is a small nonprofit that reported $264K in total revenue in fiscal year 2018. Expenses of $298K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO SUPPORT LIBRARY USE OF THE OPEN-SOURCE EVERGREEN INTEGRATED LIBRARY SYSTEM, AND WORKING WITH MEMBERS TO STRENGHTEN SKILLS SO THEY ARE BETTER ABLE TO SUPPORT AND IMPROVEMENT EVERGREEN.

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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 (2018)

Revenue Breakdown

Contributions & Grants $264,133
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $264,133

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,623
Fundraising Expenses $0
Program Expenses $287,759
Other Expenses $244,149
TOTAL EXPENSES $297,772

Year-over-Year Comparison

2018 2017 Change
Revenue $264,133 N/A N/A
Expenses $297,772 N/A N/A
Net Income $-33,639 $0 N/A
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
6
Independent Members
6
Employees
N/A
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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN COURTEMANCHE DIRECTOR 0.00
Director
$0 $0 $0
KAREN DEMERS PRESIDENT 0.00
Officer Director
$0 $0 $0
MARIE MUELLER SECRETARY 0.00
Officer Director
$0 $0 $0
DIANE WALLACE VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
RON GAGNON TREASURER 0.00
Officer Director
$0 $0 $0
JEANETTE LUNDGREN DIRECTOR 0.00
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
2019 $264,133 $297,772 $158,424 $-33,639
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