NORTHERN NEW ENGLAND CENTER FOR FI… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

ANDREW LEDERER

Phone

2076886226

Tax Period

2024-07-01 to 2025-06-30

NORTHERN NEW ENGLAND CENTER FOR FINANCIAL TRAINING, founded in 1995, is a small nonprofit in the Education sector that reported $421K in total revenue in fiscal year 2024. Expenses of $401K left a modest 5% surplus.

Mission

WE STRIVE TO EMPOWER STUDENTS TO ACHIEVE THEIR GOALS, SUPPOT ORGANIZATIONS TO REALIZE SUCCESS AND STRENGHEN COMMUNITIES TO CREATE POSITIVE CHANGE BY DELIVERING SPECIALIZED, RELEVANT AND AFFORDABLE EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $42,217 Revenue: $107,454

EDUCATIONAL PROGRAMS DEVELOPED AND PROVIDED TO GIVE BANK EMPLOYEES INDUSTRY SPECIFIC BACKGROUND, KNOWLEDGE AND EDUCATION ABOUT THE FINANCIAL SERVICES INDUSTRY AS WELL AS A GENERAL BUSINESS KNOWLEDGE REQUIRED TO PARTICIPATE IN AND COMPETE IN THE CAREERS. EXPENSES INCLUDED TEXTBOOKS AND OTHER MATERIALS, INSTRUCTOR SALARIES, FACILITIES, MEALS AND MISCELLANEOUS EXPENSES.

Program 2

Expenses: $32,474 Revenue: $81,551

GUIDED LEARNING CORRESPONDENCE COURSES DEVELOPED AND PROVIDED TO GIVE BANK EMPLOYEES INDUSTRY SPECIFIC BACKGROUND, KNOWLEDGE AND EDUCATION ABOUT THE FINANCIAL SERVICES INDUSTRY AS WELL AS A GENERAL...

Program 3

Expenses: $87,681 Revenue: $225,076

INSTRUCTOR-LED OR SELF-PACED WEB COURSES DEVELOPED AND PROVIDED TO GIVE BANK EMPLOYEES INDUSTRY SPECIFIC BACKGROUND, KNOWLEDGE AND EDUCATION ABOUT THE FINANCIAL SERVICES INDUSTRY AS WELL AS A GENERAL...

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $404,485

Investment Income $6,796

Other Revenue $9,596

TOTAL REVENUE $420,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $229,424

Fundraising Expenses $0

Program Expenses $162,372

Other Expenses $171,119

TOTAL EXPENSES $400,543

Year-over-Year Comparison

	2024	2023	Change
Revenue	$420,877	$405,487	+0.0%
Expenses	$400,543	$409,405	0.0%
Net Income	$20,334	$-3,918	-6.2%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARIELLE DARLING	DIRECTOR	1.00	Officer Director	$0	$0	$0
BREA HATCH	VP FINANCE	1.00	Officer Director	$0	$0	$0
TERRI COOK	DIRECTOR	1.00	Officer Director	$0	$0	$0
PETE JOSLIN	VP EDUCATION	1.00	Officer Director	$0	$0	$0
CHRISSY ASKREN	DIRECTOR	1.00	Officer Director	$0	$0	$0
MELISSA GREEN	DIRECTOR	1.00	Officer Director	$0	$0	$0
JUDY FOLSOM	DIRECTOR	2.00	Officer Director	$0	$0	$0
JULIE STEVENS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DANIELLE VIOLETTE	DIRECTOR	1.00	Officer Director	$0	$0	$0
NANCY HINES	PRESIDENT	2.00	Officer Director	$0	$0	$0
NICOLE HAGGERTY	VP COMMUNICATIONS	1.00	Officer Director	$0	$0	$0
LISA THOMAS	DIRECTOR	1.00	Officer Director	$0	$0	$0
CARA DYER	DIRECTOR	1.00	Officer Director	$0	$0	$0
CARRIE WELCH	SECRETARY/CLERK	1.00	Officer Director	$0	$0	$0
CASEY DILLINGHAM	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARY SWIFT	DIRECTOR	1.00	Officer Director	$0	$0	$0
ROBYN WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW LEDERER	EXECUTIVE DIRECTOR	45.00	Officer	$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
2025	$420,877	$400,543	$329,357	$20,334
2024	$405,487	$409,405	$310,765	$-3,918
2023	$473,995	$389,711	$465,470	$84,284
2022	$502,348	$425,076	$383,958	$77,272
2021	$389,873	$417,702	$315,857	$-27,829
2020	$583,413	$521,517	$329,857	$61,896

NORTHERN NEW ENGLAND CENTER FOR FINANCIAL TRAINING