NEW ENGLAND KURN HATTIN HOMES (EIN 030179306) - 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

1894

Legal Domicile

Phone

8027223336

Tax Period

2024-07-01 to 2025-06-30

NEW ENGLAND KURN HATTIN HOMES, founded in 1894, is a community nonprofit in the Human Services sector that reported $6.8M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $8.5M exceeded revenue, resulting in a 25% operating deficit.

Mission

RESIDENTIAL HOME AND SCHOOL

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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 $2,220,159

Program Service Revenue $62,591

Investment Income $4,448,464

Other Revenue $27,696

TOTAL REVENUE $6,758,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,659,246

Fundraising Expenses $621,062

Program Expenses $7,131,632

Other Expenses $3,802,072

TOTAL EXPENSES $8,461,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,758,910	$7,519,257	-0.1%
Expenses	$8,461,318	$8,028,758	+0.1%
Net Income	$-1,702,408	$-509,501	+2.3%

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

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

$185,646

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER HACKETT	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
CLIFF WOOD	TRUSTEE	1.00	Director	$0	$0	$0
DIANE BAZIN	TRUSTEE	1.00	Director	$0	$0	$0
ERIC VELTO	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG WORDEN	TRUSTEE	1.00	Director	$0	$0	$0
JERRY BARDWELL	EXECUTIVE COMMITTEE CHAIR	1.00	Director	$0	$0	$0
LESLIE RENNIE-HILL	TRUSTEE	1.00	Director	$0	$0	$0
RHONDA NOLAN	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN PETERSON	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
TONI CIAMPAGLINOE	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN HARRISON	EXECUTIVE DIRECTOR	40.00	Officer	$161,884	$23,762	$185,646

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	$6,758,910	$8,461,318	$58,471,551	$-1,702,408
2024	$7,519,257	$8,028,758	$58,760,188	$-509,501
2023	$6,547,742	$9,721,945	$65,055,406	$-3,174,203
2022	$6,067,691	$13,431,535	$63,721,536	$-7,363,844
2021	$9,774,606	$6,438,638	$74,159,603	$3,335,968
2020	$5,807,069	$5,829,054	$62,018,889	$-21,985
2019	$5,973,977	$5,724,022	$49,918,780	$249,955

NEW ENGLAND KURN HATTIN HOMES