New England College (EIN 020223955) - Form 990 Financial Analysis & Trantor Score

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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

1946

Legal Domicile

Principal Officer

Dr Wayne F Lesperance

Phone

6034282211

Tax Period

2024-07-01 to 2025-06-30

New England College, founded in 1946, is a mid-sized nonprofit in the Education sector that reported $82.0M in total revenue in fiscal year 2024.

Mission

An independent liberal arts college offering undergraduate, graduate and professional programs.

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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 $3,959,622

Program Service Revenue $76,054,750

Investment Income $2,358,744

Other Revenue $-337,625

TOTAL REVENUE $82,035,491

Expense Breakdown

Grants Paid $28,880,567

Salaries & Benefits $29,473,783

Fundraising Expenses $661,389

Program Expenses $70,835,224

Other Expenses $25,388,361

TOTAL EXPENSES $83,742,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,035,491	$81,018,298	+0.0%
Expenses	$83,742,711	$77,189,345	+0.1%
Net Income	$-1,707,220	$3,828,953	-1.4%

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

871

Volunteers

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

$788,430

Total Directors

$428,337

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Wayne F Lesperance	President	40.00	Officer Director	$411,087	$17,250	$428,337
Alexander Scourby	Chair	10.00	Officer Director	$0	$0	$0
TJ Whitelaw	Vice Chair	2.00	Officer Director	$0	$0	$0
Astrid Williams	Vice Chair	2.00	Officer Director	$0	$0	$0
Ray Apy	Trustee	2.00	Director	$0	$0	$0
Karen Backus	Trustee	2.00	Director	$0	$0	$0
Emmanuel Balogun PhD	Trustee	2.00	Director	$0	$0	$0
Peter Bordes	Trustee	2.00	Director	$0	$0	$0
Christopher Brazill	Trustee	2.00	Director	$0	$0	$0
Thomas Farmen	Trustee	2.00	Director	$0	$0	$0
Elbridge T Gerry III	Trustee	2.00	Director	$0	$0	$0
Katherine Haley PhD	Trustee	2.00	Director	$0	$0	$0
Don Hasseltine	Trustee	2.00	Director	$0	$0	$0
Adam Kapner	Trustee	2.00	Director	$0	$0	$0
Stephen Ketchum	Trustee	2.00	Director	$0	$0	$0
Jay Lucas	Trustee	2.00	Director	$0	$0	$0
Daniel Lynch	Trustee	2.00	Director	$0	$0	$0
Thomas Markey	Trustee	2.00	Director	$0	$0	$0
Eric Morgan	Trustee	2.00	Director	$0	$0	$0
Clarke Smith III	Trustee	2.00	Director	$0	$0	$0
Lori Scherer	Trustee	2.00	Director	$0	$0	$0
Mary Simon Streep	Trustee	2.00	Director	$0	$0	$0
Dr Michael K Thomas	Trustee	2.00	Director	$0	$0	$0
Jeffrey Towle	Trustee	2.00	Director	$0	$0	$0
Bill Wyman	Trustee	2.00	Director	$0	$0	$0
Paula A Amato CMA	Executive Vice President & CFO	40.00	Officer	$315,171	$44,922	$360,093
James Murtha PhD	Sr. VP of Academic Alliances	37.50	Highest	$291,906	$49,374	$341,280
William P Deptula	VP of Advancement	37.50	Highest	$214,524	$48,692	$263,216
David M Rubin	VP of Information Technology	37.50	Highest	$189,670	$45,450	$235,120
Patricia M Corbett	VP of Academic Affairs	37.50	Highest	$183,588	$9,146	$192,734
Bradley F Poznanski	VP of Enrollment Management	37.50	Highest	$164,579	$30,208	$194,787

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	$82,035,491	$83,742,711	$93,026,084	$-1,707,220
2024	$81,018,298	$77,189,345	$94,351,483	$3,828,953
2023	$74,124,658	$78,629,375	$90,601,279	$-4,504,717
2022	$84,142,963	$78,284,222	$96,223,111	$5,858,741
2021	$90,219,628	$86,726,398	$103,457,238	$3,493,230
2020	$85,213,907	$83,649,090	$97,121,525	$1,564,817
2019	$69,159,780	$65,333,805	$92,656,196	$3,825,975

New England College