INTERNATIONAL INSTITUTE OF NEW ENGLAND INC (EIN 042104325) - 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

1924

Legal Domicile

Principal Officer

CELINE MUKASINE

Phone

6176959990

Tax Period

2023-10-01 to 2024-09-30

INTERNATIONAL INSTITUTE OF NEW ENGLAND INC, founded in 1924, is a mid-sized nonprofit in the Civil Rights & Advocacy sector that reported $33.5M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.4M, a strong 16% operating margin.

Mission

FOR MORE THAN A CENTURY, THE INTERNATIONAL INSTITUTE OF NEW ENGLAND (IINE) HAS BEEN CREATING OPPORTUNITIES FOR REFUGEES AND IMMIGRANTS TO SUCCEED THROUGH RESETTLEMENT, EDUCATION, CAREER ADVANCEMENT, AND PATHWAYS TO CITIZENSHIP. FOUNDED IN 1918, TODAY IINE SERVES OVER 15,000 REFUGEES, ASYLEES, VICTIMS OF HUMAN TRAFFICKING, UNACCOMPANIED MINORS, PAROLEES, AND OTHER IMMIGRANTS WITH HUMANITARIAN LEGAL STATUS FROM AROUND THE WORLD ANNUALLY THROUGH OUR RESETTLEMENT, CASE MANAGEMENT, EMPLOYMENT, EDUCATION, YOUTH, FAMILY REUNIFICATION, AND LEGAL SERVICES. IINE'S ADMINISTRATIVE OFFICE IS CO-LOCATED WITH OUR BOSTON SERVICE CENTER IN DOWNTOWN BOSTON, MA, AND IINE MAINTAINS CLIENT SERVICES CENTERS IN LOWELL, MA AND MANCHESTER, NH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $32,636,658

Program Service Revenue $499,790

Investment Income $329,707

Other Revenue $46,202

TOTAL REVENUE $33,512,357

Expense Breakdown

Grants Paid $4,644,979

Salaries & Benefits $18,308,001

Fundraising Expenses $2,101,103

Program Expenses $21,927,096

Other Expenses $5,057,151

TOTAL EXPENSES $28,089,109

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,512,357	$23,252,512	+0.4%
Expenses	$28,089,109	$21,112,104	+0.3%
Net Income	$5,423,248	$2,140,408	+1.5%

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

305

Volunteers

342

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

$1,188,645

Total Directors

$290,455

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY THIELMAN	PRESIDENT, CEO	40.00	Officer Director	$279,025	$11,430	$290,455
AVAK KAHVEJIAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CHRISTINA BAI	BOARD MEMBER (UNTIL 10/2023)	2.00	Director	$0	$0	$0
SAM EPEE-BOUNYA	BOARD MEMBER	2.00	Director	$0	$0	$0
TUAN HA-NGOC	BOARD MEMBER	2.00	Director	$0	$0	$0
BELINDA JURAN	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM KRAUSE	BOARD MEMBER	2.00	Director	$0	$0	$0
SHARI LOESSBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
BOPHA MALONE	BOARD MEMBER	2.00	Director	$0	$0	$0
LIBBY MAY	BOARD MEMBER	2.00	Director	$0	$0	$0
THEO MELAS-KYRIAZI	BOARD MEMBER	2.00	Director	$0	$0	$0
FREDERICK MILLHAM MD	BOARD MEMBER (UNTIL 10/2023)	2.00	Director	$0	$0	$0
NIA TATSIS	BOARD MEMBER (UNTIL 11/2023)	2.00	Director	$0	$0	$0
FERESHTAH THORNBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
ANN MERRIFIELD	BOARD MEMBER	2.00	Director	$0	$0	$0
ZOLTAN CSIMMA	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD GOLOB	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT FITZGERALD	BOARD MEMBER	2.00	Director	$0	$0	$0
WADE RUBINSTEIN	BOARD MEMBER	2.00	Director	$0	$0	$0
A CAROLINA SAN MARTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
ALEXANDRA WEBER	CHIEF ADVANCEMENT OFFICER & SR VP	40.00	Officer	$191,596	$33,249	$224,845
ANCA MORARU	CHIEF PROGRAM OFFICER	40.00	Officer	$144,528	$18,630	$163,158
CELINE MUKASINE	CFO, TREASURER	40.00	Officer	$181,365	$17,355	$198,720
NIULKA NOVA DURAN	CHIEF HUMAN RESOURCES OFFICER	40.00	Officer	$150,174	$27,562	$177,736
HAMUTAL FRIEDMAN	CHIEF OPERATING OFFICER	40.00	Officer	$128,710	$5,021	$133,731
CHIARA ST PIERRE	MANAGING ATTORNEY	40.00	Highest	$145,088	$22,921	$168,009
MARY BETH BURNS	VP PRINCIPAL AND MAJOR GIVING	40.00	Highest	$202,561	$22,952	$225,513
KELLY FLEMING	SR DIRECTOR OF GIVING & ENGAGEMENT	40.00	Highest	$115,653	$4,266	$119,919

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	$33,512,357	$28,089,109	$28,576,209	$5,423,248
2023	$23,252,512	$21,112,104	$20,943,871	$2,140,408
2022	$17,744,993	$14,281,114	$17,313,386	$3,463,879
2021	$8,105,922	$7,205,291	$12,158,874	$900,631
2020	$7,046,149	$6,538,491	$10,563,466	$507,658
2019	$6,330,528	$6,999,536	$10,136,690	$-669,008
2018	$5,330,724	$6,010,593	$10,698,588	$-679,869

INTERNATIONAL INSTITUTE OF NEW ENGLAND INC