NEW HAMPSHIRE ALLIANCE OF REGIONAL DEVELOPMENT CORPORATIONS INC (EIN 020511578) - 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

1999

Legal Domicile

Principal Officer

CODY MORRISON

Phone

6034476622

Tax Period

2024-01-01 to 2024-12-31

NEW HAMPSHIRE ALLIANCE OF REGIONAL DEVELOPMENT CORPORATIONS INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $257K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum.

Mission

AN ENTITY WITH MEMBERSHIP OF NEW HAMPSHIRE ECONOMIC DEVELOPMENT CORPORATIONS SHARING RESOURCES AND INFORMATION ON A STATE WIDE BASIS. TO DEVELOP AND MAINTAIN A COOPERATIVE AND WORKING RELATIONSHIP AMONG NEW HAMPSHIRE REGIONAL ECONOMIC DEVELOPMENT CORPORATIONS FOR THE PURPOSE OF PROMOTING SUSTAINABLE ECONOMIC DEVELOPMENT OBJECTIVES AND POLICIES WHICH BENEFIT LOW AND MODERATE INCOME RESIDENTS.

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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 $257,449

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $257,452

Expense Breakdown

Grants Paid $257,446

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $257,446

Other Expenses $820

TOTAL EXPENSES $258,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,452	$162,273	+0.6%
Expenses	$258,266	$163,949	+0.6%
Net Income	$-814	$-1,676	-0.5%

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
CODY MORRISON	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANNE DUNCAN COOLEY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JAC CUDDY	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
WENDY FAHLBECK	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN SLATTERY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL GRAY	DIRECTOR	1.00	Director	$0	$0	$0
JACK TERRILL	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MCCANN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN HEAVENER	DIRECTOR	1.00	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	$257,452	$258,266	$11,449	$-814
2023	$162,273	$163,949	$12,263	$-1,676
2022	$181,083	$182,671	$13,939	$-1,588
2021	$192,249	$189,465	$15,527	$2,784
2020	$196,669	$195,514	$12,743	$1,155
2019	$204,835	$206,273	$11,588	$-1,438
2018	$170,996	$172,848	$13,026	$-1,852

NEW HAMPSHIRE ALLIANCE OF REGIONAL DEVELOPMENT CORPORATIONS INC