Lancaster Commercial Travelers Assn

The information for Lancaster Commercial Travelers Assn is as of the organization's most recent filing in December '21. This organization is located in Lancaster, PA. It has been in existence for 30 years, following its founding in 1991.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Lancaster Commercial Travelers Assn's NTEE code is N50. The "N" tells us that the organization is classified under Recreation & Sports. The "50" tells us that the organization is a Recreational Club. Recreational Clubs are organizations that provide facilities for recreational activities, sports, and games. They also include social clubs that offer opportunities for people to meet and socialize, as well as special interest clubs for individuals with shared hobbies or interests. The Lancaster Commercial Travelers Assn falls under the category of 501(c)(7) organizations, which are social and recreational clubs. The mission of the organization is to serve as a social and fraternal club.

Program Areas

The provision of social and recreational activities for the benefit of individuals is the focus of this program area. Within the general fund, the organization reports all revenues, support, and functional expenses related to these activities that are not specifically reported by another fund or program.

Board Governance

Based on the information provided, it is difficult to determine how well the Lancaster Commercial Travelers Assn is governed. The organization has a relatively small number of voting members (7) and a majority of independent members (5), which suggests a level of transparency and independence in decision-making. However, the lack of documentation for board and committee meetings raises concerns about transparency and accountability. Furthermore, the absence of a conflict of interest policy, disclosure requirements, whistleblower policy, and document retention policy indicates a potential lack of safeguards against unethical behavior and conflicts of interest within the organization. Without these policies in place, it becomes challenging to ensure that the organization's leadership is acting in the best interest of the non-profit and its mission. Additionally, the organization does not substantiate or review leadership and officer salaries, which further raises questions about financial oversight and accountability. The lack of providing copies of the 990 to the board prior to filing also suggests a potential lack of transparency regarding the organization's financial operations. Overall, based on the information provided, it is unclear how well the Lancaster Commercial Travelers Assn is governed. The absence of key governance policies and practices raises concerns about transparency, accountability, and ethical conduct within the organization. It would be beneficial for the organization to establish and implement these policies to ensure effective governance and maintain the trust of its stakeholders.

Organization Growth

Based on the given financial data, it can be concluded that the Lancaster Commercial Travelers Association has experienced a decrease in various aspects over the given time period. The contributions and grants received remained at $0 throughout the period, indicating no growth in this area. Program service revenue decreased from $2.7K in 2014 to $0 in 2021, which suggests a decline in the organization's activities. However, investment income increased from $5.3K in 2014 to $15.5K in 2021, indicating some growth in this area. Other revenue decreased from $290.9K in 2014 to $186.0K in 2021, suggesting a decline in other sources of revenue. Total revenue decreased from $299.0K in 2014 to $202.2K in 2021, indicating an overall decrease in the organization's financial resources. Grants paid also decreased from $31.2K in 2014 to $500 in 2021, suggesting a decrease in the organization's support for other projects. On the other hand, benefits paid to members increased from $600 in 2014 to $1.1K in 2021, indicating some growth in this area. Employee salaries decreased from $164.4K in 2014 to $67.3K in 2021, suggesting a decrease in the organization's workforce or salary expenses. Finally, total expenses decreased from $312.5K in 2014 to $172.9K in 2021, indicating a decrease in the organization's overall expenses. However, the number of total employees decreased from 9 in 2014 to 0 in 2021, which may not be meaningful over this time period. Overall, the Lancaster Commercial Travelers Association has experienced a mixed picture of growth and decline in various aspects over the given time period.