COOPERATIVE FUND OF THE NORTHEAST INC (EIN 030264092) - 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

1975

Legal Domicile

Principal Officer

STEPHEN A BORLA

Phone

8008187833

Tax Period

2024-01-01 to 2024-12-31

COOPERATIVE FUND OF THE NORTHEAST INC, founded in 1975, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.2M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 23% operating margin.

Mission

TO ADVANCE COMMUNITY BASED, COOPERATIVE AND DEMOCRATICALLY OWNED OR MANAGED ENTERPRISES.

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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 $2,116,710

Program Service Revenue $2,674,592

Investment Income $454,454

Other Revenue $0

TOTAL REVENUE $5,245,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,709,988

Fundraising Expenses $25,601

Program Expenses $3,475,547

Other Expenses $2,320,722

TOTAL EXPENSES $4,030,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,245,756	$4,114,478	+0.3%
Expenses	$4,030,710	$3,238,569	+0.2%
Net Income	$1,215,046	$875,909	+0.4%

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

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

$466,379

Total Directors

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALIANA PINEIRO	TREASURER	4.00	Officer Director	$0	$0	$0
NATASHA LATOUR	TRUSTEE	4.00	Director	$0	$0	$0
LAUREN DUFFY	TRUSTEE	4.00	Director	$0	$0	$0
JULIAN MCKINLEY	TRUSTEE	4.00	Director	$0	$0	$0
JUAN LEYTON	TRUSTEE	4.00	Director	$0	$0	$0
JONAH FERTIG-BURD	CLERK	4.00	Officer Director	$0	$0	$0
NORA GOSSELIN	TRUSTEE	4.00	Director	$0	$0	$0
DUKE BOUCHARD	OUTGOING TRUSTEE	4.00	Director	$0	$0	$0
JON RESKE	OUTGOING TRUSTEE	4.00	Director	$0	$0	$0
DANIEL ROSS	OUTGOING TRUSTEE	4.00	Director	$0	$0	$0
CLARK ARRINGTON	OUTGOING TRUSTEE	4.00	Director	$0	$0	$0
BONNIE HUDSPETH	VICE-PRESIDENT	4.00	Officer Director	$0	$0	$0
ANDY DANFORTH	OUTGOING TREASURER	4.00	Officer Director	$0	$0	$0
KIMBERLY R LYLE	PRESIDENT	4.00	Officer Director	$5,000	$0	$5,000
AMETHYST CAREY	TRUSTEE	4.00	Director	$5,000	$0	$5,000
STEPHEN BORLA	FINANCE DIRECTOR	40.00	Officer	$112,000	$16,223	$128,223
DORIAN GREGORY	DEPUTY EXECUTIVE DIRECTOR	40.00	Officer	$140,452	$16,664	$157,116
MICHA JOSEPHY	EXECUTIVE DIRECTOR	40.00	Officer	$158,825	$17,215	$176,040
LISKA WILSON	COMMUNICATIONS DIRECTOR	40.00	Highest	$101,973	$12,875	$114,848
CAROLYN EDSELL-VETTER	PROGRAM DIRECTOR	40.00	Highest	$111,318	$15,790	$127,108

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	$5,245,756	$4,030,710	$57,202,948	$1,215,046
2023	$4,114,478	$3,238,569	$50,443,237	$875,909
2022	$4,768,332	$2,666,249	$47,930,923	$2,102,083
2021	$2,931,121	$2,738,067	$43,843,231	$193,054
2020	$1,865,322	$1,570,101	$35,734,233	$295,221
2019	$2,482,645	$2,365,129	$31,650,581	$117,516
2018	$3,424,100	$1,929,357	$30,287,485	$1,494,743

COOPERATIVE FUND OF THE NORTHEAST INC