NEW ENGLAND MECHANICAL CONTRACTORS ASSOCIATION INC (EIN 041431170) - 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

1917

Legal Domicile

Principal Officer

STEPHEN AFFANATO

Phone

6174054221

Tax Period

2024-01-01 to 2024-12-31

NEW ENGLAND MECHANICAL CONTRACTORS ASSOCIATION INC, founded in 1917, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO DEVELOP THE MECHANICAL CONTRACTING INDUSTRY AND PROMOTE THE INTERESTS AND WELFARE OF ITS MEMBERS PROVIDE TRAINING AND JOB AWARENESS 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 $154,350

Program Service Revenue $950,000

Investment Income $1,457

Other Revenue $66,090

TOTAL REVENUE $1,171,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $537,685

Fundraising Expenses $0

Other Expenses $644,878

TOTAL EXPENSES $1,182,563

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,171,897	$952,259	+0.2%
Expenses	$1,182,563	$1,038,001	+0.1%
Net Income	$-10,666	$-85,742	-0.9%

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

Total Directors

Key Employees

$288,592

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD MARKS	DIRECTOR	2.50	Director	$0	$0	$0
MICHAEL GRINNELL	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
DAVID CANNISTRARO	PAST PRESIDENT	2.50	Officer Director	$0	$0	$0
FREDRICK DORCI	PRESIDENT	2.50	Officer Director	$0	$0	$0
ROBERT GALLAGHER	DIRECTOR	2.50	Director	$0	$0	$0
ROBERT BOLTON	DIRECTOR	2.50	Director	$0	$0	$0
JOHN CANAVAN	SECRETARY	2.50	Officer Director	$0	$0	$0
BRIAN LYNCH	DIRECTOR	2.50	Director	$0	$0	$0
ROBERT POIRIER	DIRECTOR	2.50	Director	$0	$0	$0
BRIAN POTTER	DIRECTOR	2.50	Director	$0	$0	$0
MICHAEL MACHADO	TREASURER	2.50	Director	$0	$0	$0
MICHAEL DIMATTIA	DIRECTOR	2.50	Director	$0	$0	$0
DAVID DUPRE	DIRECTOR	2.50	Director	$0	$0	$0
WILLIAM LYNCH	DIRECTOR	2.50	Director	$0	$0	$0
SCOTT TOWER	DIRECTOR	2.50	Director	$0	$0	$0
ELLIOTT DRAKE	DIRECTOR	2.50	Director	$0	$0	$0
PAUL BATTAGLIA	DIRECTOR	2.50	Director	$0	$0	$0
TAMMY FERLAND	DIRECTOR	2.50	Director	$0	$0	$0
TREVOR YOUNG	DIRECTOR	2.50	Director	$0	$0	$0
PAUL WING	DIRECTOR	2.50	Director	$0	$0	$0
MATTHEW CANNISTRARO	DIRECTOR	2.50	Director	$0	$0	$0
STEPHEN AFFANATO	EXECUTIVE VICE PRESIDENT	40.00	Key Emp	$242,449	$46,143	$288,592

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	$1,171,897	$1,182,563	$214,777	$-10,666
2023	$952,259	$1,038,001	$298,259	$-85,742
2022	$970,877	$1,107,510	$467,418	$-136,633
2021	$1,016,147	$881,932	$393,884	$134,215
2020	$932,098	$894,604	$208,101	$37,494
2019	$1,126,963	$1,144,966	$182,134	$-18,003
2018	$991,687	$1,000,489	$214,109	$-8,802

NEW ENGLAND MECHANICAL CONTRACTORS ASSOCIATION INC