GLCAC SUPPORT CORPORATION

EIN: 852718752 501(c)(3) Community Improvement

LAWRENCE, MA

Total Revenue
$79,280
Total Expenses
$367,239
Total Assets
$12,129,373
Net Assets
$1,839,373
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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
2020
Legal Domicile
MA
Principal Officer
VILMA MARTINEZ-DOMINGUEZ
Phone
9786814900
Tax Period
2023-10-01 to 2024-09-30

GLCAC SUPPORT CORPORATION, founded in 2020, is a micro nonprofit in the Community Improvement sector that reported $79K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $367K exceeded revenue, resulting in a 363% operating deficit.

Mission

TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF GREATER LAWRENCE COMMUNITY ACTION COUNCIL, INC. ("GLCAC")

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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 $75,280
Program Service Revenue $0
Investment Income $4,000
Other Revenue $0
TOTAL REVENUE $79,280

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $367,239
Other Expenses $367,239
TOTAL EXPENSES $367,239

Year-over-Year Comparison

2023 2022 Change
Revenue $79,280 $72,345 +0.1%
Expenses $367,239 $74 +4961.7%
Net Income $-287,959 $72,271 -5.0%
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
3
Independent Members
2
Employees
N/A
Volunteers
2

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
3
$178,626
Total Directors
3
$178,626
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VILMA MARTINEZ-DOMINGUEZ PRESIDENT 2.00
Officer Director
$0 $32,024 $178,626
PATRICIA GARNER TREASURER 2.00
Officer Director
$0 $0 $0
MAXINE HART CLERK 2.00
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 $79,280 $367,239 $12,129,373 $-287,959
2023 $72,345 $74 $18,662,491 $72,271
2022 $2,525,430 $665 $19,158,397 $2,524,765
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