FRIENDS OF THE BOYS AND GIRLS CLUB OF LYNN INC

EIN: 841942296 501(c)(3) Youth Development

LYNN, MA

Total Revenue
$36,567
Total Expenses
$223,308
Total Assets
$6,026,298
Net Assets
$1,171,020
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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
2019
Legal Domicile
MA
Principal Officer
BRIAN THEIRRIEN
Phone
7815931772
Tax Period
2023-01-01 to 2023-12-31

FRIENDS OF THE BOYS AND GIRLS CLUB OF LYNN INC, founded in 2019, is a micro nonprofit in the Youth Development sector that reported $37K in total revenue in fiscal year 2023. Expenses of $223K exceeded revenue, resulting in a 511% operating deficit.

Mission

TO ACQUIRE, FINANCE AND DEVELOP PROPERTY TO SUPPORT THE MISSION OF THE BOYS & GIRLS CLUB OF LYNN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $35,000
Investment Income $1,567
Other Revenue $0
TOTAL REVENUE $36,567

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $223,308
Other Expenses $223,308
TOTAL EXPENSES $223,308

Year-over-Year Comparison

2023 2022 Change
Revenue $36,567 $35,102 +0.0%
Expenses $223,308 $222,740 +0.0%
Net Income $-186,741 $-187,638 0.0%
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
5
Independent Members
5
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN RIMA PRESIDENT 2.00
Officer Director
$0 $0 $0
KIMBERLEE POWERS TREASURER 2.00
Officer Director
$0 $0 $0
SCOTT BROGAN CLERK 2.00
Director
$0 $0 $0
DAVID HEGAN DIRECTOR 2.00
Director
$0 $0 $0
SARAH BATES DIRECTOR 2.00
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
2024 No data No data No data No data
2023 $36,567 $223,308 $6,026,298 $-186,741
2022 $35,102 $222,740 $6,146,234 $-187,638
2021 $35,032 $219,678 $6,161,055 $-184,646
2020 $1,564,550 $90,875 $6,044,165 $1,473,675
2019 $1,576 No data $5,348,948 No data
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