CENTRAL MA CHAPTER NECA (EIN 042066027) - 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

1948

Legal Domicile

Principal Officer

MICHAEL G MCDONOUGH

Phone

4137856114

Tax Period

2024-01-01 to 2024-12-31

CENTRAL MA CHAPTER NECA, founded in 1948, is a small nonprofit that reported $229K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 34% operating margin.

Mission

REPRESENT LOCAL ELECTRICAL CONTRACTORS WITH THE NATIONAL ASSOCIATION; ARRANGE & PROMOTE CONTRACTOR MEETINGS. PROMOTE COLLECTIVE BARGAINING, ESTABLISH WAGES, HOURS & CONDITIONS OF EMPLOYMENT & TRAINING

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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 $221,937

Program Service Revenue $0

Investment Income $6,589

Other Revenue $0

TOTAL REVENUE $228,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,987

Fundraising Expenses $0

Program Expenses $132,215

Other Expenses $102,985

TOTAL EXPENSES $150,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,526	$168,106	+0.4%
Expenses	$150,972	$141,254	+0.1%
Net Income	$77,554	$26,852	+1.9%

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

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

$47,987

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MENARD	TREASURER	1.00	Officer	$0	$0	$0
ROBERT LIDDY	GOVERNOR	1.00	Officer	$0	$0	$0
MATTHEW OSTROW	PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL G MCDONOUGH	MANAGER	12.00	Director	$47,987	$0	$47,987
JOSEPH ST PIERRE	VICE PRESIDENT	1.00	Officer	$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	$228,526	$150,972	$563,872	$77,554

CENTRAL MA CHAPTER NECA