Lynn Vocational Technical Alumi Association Inc
Lynn Vocational Technical Alumni Association: Consistent Revenue, High Program Spending
EIN: 222986698 · Lynn, MA · NTEE: B11 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $301K |
| Total Expenses | $196K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $326K |
| Transparency Score | 75/100 |
Is Lynn Vocational Technical Alumi Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lynn Vocational Technical Alumi Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lynn Vocational Technical Alumi Association Inc
Lynn Vocational Technical Alumi Association Inc (EIN: 222986698) is a nonprofit organization based in Lynn, MA, classified under NTEE code B11. The organization reported total revenue of $301K and total assets of $402K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lynn Vocational Technical Alumi Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lynn Vocational Technical Alumi Association Inc is a small nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2017–2024). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $205K |
| Total Expenses | $196K |
| Surplus / Deficit | +$10K |
| Total Assets | $335K |
| Total Liabilities | $10K |
| Net Assets | $326K |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 20.6 months |
Financial Health Grade: A
In 2024, Lynn Vocational Technical Alumi Association Inc reported a surplus of $10K with revenue exceeding expenses, holds 20.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 8 years of filings (2017–2024), Lynn Vocational Technical Alumi Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +14.6% | +23.2% | +2.9% |
| 2023 | -13.2% | +17.5% | -2.4% |
| 2022 | +31.4% | -26.1% | +27.8% |
| 2021 | -3.1% | +59.8% | -9.0% |
| 2020 | +5.4% | -15.5% | +19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lynn Vocational Technical Alumi Association Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lynn Vocational Technical Alumi Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very low-cost leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Lynn Vocational Technical Alumi Association Inc:
- Consistently high percentage of expenses dedicated to programs, suggesting efficient use of funds for its mission.
- Stable revenue generation over several years, demonstrating financial resilience.
- Strong asset growth from $182,874 in 2017 to $402,147 in 2024, indicating good financial management and accumulation of resources.
- Zero reported compensation for officers, directors, trustees, and key employees, which can be a sign of strong volunteer commitment and low overhead.
Frequently Asked Questions about Lynn Vocational Technical Alumi Association Inc
Is Lynn Vocational Technical Alumi Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lynn Vocational Technical Alumi Association Inc (EIN: 222986698) appears legitimate. Mission Score: 75/100. 0 red flags identified, 4 strengths noted.
How does Lynn Vocational Technical Alumi Association Inc spend its money?
Lynn Vocational Technical Alumi Association Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lynn Vocational Technical Alumi Association Inc tax-deductible?
Lynn Vocational Technical Alumi Association Inc is registered as a tax-exempt nonprofit (EIN: 222986698). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lynn Vocational Technical Alumi Association Inc CEO make?
Lynn Vocational Technical Alumi Association Inc's highest-compensated officer earns $0 annually. The organization reported $301K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lynn Vocational Technical Alumi Association Inc's spending goes to programs?
Lynn Vocational Technical Alumi Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lynn Vocational Technical Alumi Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lynn Vocational Technical Alumi Association Inc is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lynn Vocational Technical Alumi Association Inc located?
Lynn Vocational Technical Alumi Association Inc is headquartered in Lynn, Massachusetts and files with the IRS under EIN 222986698. It is classified under NTEE code B11.
How many years of IRS 990 filings does Lynn Vocational Technical Alumi Association Inc have?
Lynn Vocational Technical Alumi Association Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $301K in total revenue.
What does Lynn Vocational Technical Alumi Association Inc do?
Lynn Vocational Technical Alumi Association Inc is a nonprofit organization in the Education sector, located in Lynn, Massachusetts. It is classified under NTEE code B11.
How much revenue does Lynn Vocational Technical Alumi Association Inc have?
Lynn Vocational Technical Alumi Association Inc reported total revenue of $300,988. Based on 8 IRS 990 filings on record.
What are Lynn Vocational Technical Alumi Association Inc's total assets?
Lynn Vocational Technical Alumi Association Inc holds total assets of $402,147 as reported in IRS 990 filings.
Where is Lynn Vocational Technical Alumi Association Inc located?
Lynn Vocational Technical Alumi Association Inc is based in Lynn, Massachusetts.
What is Lynn Vocational Technical Alumi Association Inc's EIN?
Lynn Vocational Technical Alumi Association Inc's Employer Identification Number (EIN) is 222986698. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lynn Vocational Technical Alumi Association Inc?
Lynn Vocational Technical Alumi Association Inc is classified under NTEE code B11 (Education).
Is Lynn Vocational Technical Alumi Association Inc a registered 501(c)(3)?
Yes, Lynn Vocational Technical Alumi Association Inc is recognized as a tax-exempt organization by the IRS. EIN: 222986698.
Does Lynn Vocational Technical Alumi Association Inc file IRS Form 990?
Yes, Lynn Vocational Technical Alumi Association Inc has 8 IRS Form 990 filings on record. The most recent covers tax period 202405.
What was Lynn Vocational Technical Alumi Association Inc's revenue in 2024?
In the 202405 filing period, Lynn Vocational Technical Alumi Association Inc reported total revenue of $205,430, total expenses of $195,612, and net assets of $335,314.
Is Lynn Vocational Technical Alumi Association Inc's revenue growing or declining?
Lynn Vocational Technical Alumi Association Inc's revenue is growing. Revenue went from $179,185 (202305) to $205,430 (202405), a +14.6% change. Based on 8 filings on record.
What is Lynn Vocational Technical Alumi Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lynn Vocational Technical Alumi Association Inc covers tax period 202405. It shows revenue of $205,430, expenses of $195,612, total assets of $335,314, and liabilities of $9,542.
How much does Lynn Vocational Technical Alumi Association Inc spend on programs vs administration?
Based on IRS 990 analysis, Lynn Vocational Technical Alumi Association Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Lynn Vocational Technical Alumi Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lynn Vocational Technical Alumi Association Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Lynn Vocational Technical Alumi Association Inc's strengths?
Positive indicators for Lynn Vocational Technical Alumi Association Inc include: Consistently high percentage of expenses dedicated to programs, suggesting efficient use of funds for its mission.. Stable revenue generation over several years, demonstrating financial resilience.. Strong asset growth from $182,874 in 2017 to $402,147 in 2024, indicating good financial management and accumulation of resources.. Zero reported compensation for officers, directors, trustees, and key employees, which can be a sign of strong volunteer commitment and low overhead.. These findings are derived from AI analysis of the organization's financial filings.
How does Lynn Vocational Technical Alumi Association Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very low-cost leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does the organization manage its administrative and operational needs?
The consistent $0 executive compensation suggests that the organization relies heavily on volunteer efforts for its leadership and administrative functions, or that any paid administrative roles fall under general expenses not categorized as executive compensation.
With total expenses of $195,612 in 2024 and $0 executive compensation, what are the primary categories of operational spending for the organization?
Without a detailed breakdown beyond total expenses, it's inferred that the primary operational spending categories would be direct program costs, general administrative expenses (excluding executive salaries), and potentially minor fundraising costs.
Filing History
IRS 990 filing history for Lynn Vocational Technical Alumi Association Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2017–2024), Lynn Vocational Technical Alumi Association Inc's revenue has grown by 105.2%, moving from $100K to $205K. Total assets increased by 83.4% over the same period, from $183K to $335K. Total functional expenses rose by 124%, from $87K to $196K. In its most recent filing year (2024), Lynn Vocational Technical Alumi Association Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $10K in liabilities against $335K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $326K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $205K | $196K | $335K | $10K | — | — |
| 2023 | $179K | $159K | $326K | $10K | — | View 990 |
| 2022 | $206K | $135K | $334K | $10K | — | View 990 |
| 2021 | $157K | $183K | $261K | $10K | — | — |
| 2020 | $162K | $115K | $287K | $10K | — | View 990 |
| 2019 | $154K | $136K | $239K | $10K | — | View 990 |
| 2018 | $116K | $94K | $205K | $0 | — | View 990 |
| 2017 | $100K | $87K | $183K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $205K, expenses of $196K, and assets of $335K (revenue +14.6% year-over-year).
- 2023: Revenue of $179K, expenses of $159K, and assets of $326K (revenue -13.2% year-over-year).
- 2022: Revenue of $206K, expenses of $135K, and assets of $334K (revenue +31.4% year-over-year).
- 2021: Revenue of $157K, expenses of $183K, and assets of $261K (revenue -3.1% year-over-year).
- 2020: Revenue of $162K, expenses of $115K, and assets of $287K (revenue +5.4% year-over-year).
- 2019: Revenue of $154K, expenses of $136K, and assets of $239K (revenue +32.7% year-over-year).
- 2018: Revenue of $116K, expenses of $94K, and assets of $205K (revenue +15.8% year-over-year).
- 2017: Revenue of $100K, expenses of $87K, and assets of $183K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lynn Vocational Technical Alumi Association Inc:
Data Sources and Methodology
This transparency report for Lynn Vocational Technical Alumi Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.