NEW ENGLAND LAWBOSTON

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1908

Legal Domicile

Principal Officer

JAMES H KENNEDY III

Phone

6174510010

Tax Period

2023-07-01 to 2024-06-30

NEW ENGLAND LAWBOSTON, founded in 1908, is a mid-sized nonprofit in the Education sector that reported $64.9M in total revenue in fiscal year 2023. Expenses of $55.5M left a modest 14% surplus.

Mission

NEW ENGLAND LAW/BOSTON DEDICATES ITSELF TO PREPARING STUDENTS TO BE SUCCESSFUL LAWYERS AND LEADERS IN THE PUBLIC AND PRIVATE SECTORS THROUGH INTEGRATED PRACTICAL, THEORETICAL AND ETHICAL EDUCATION OF THE HIGHEST CALIBER AND TO CONTRIBUTING TO THE IMPROVEMENT OF AMERICAN, FOREIGN AND INTERNATIONAL LEGAL SYSTEMS THROUGH PARTICIPATION AND DEBATE OVER FAIRNESS AND EFFICACY OF THOSE SYSTEMS, RESEARCH AND PUBLICATION, PUBLIC SERVICE AND OTHER WORK THAT FURTHERS THE INTEREST OF JUSTICE.

Program Service Accomplishments

Program 1

Expenses: $51,936,030 Revenue: $59,266,374

INSTRUCTION-PRIMARY SERVICES OF NEW ENGLAND LAW | BOSTON IS EDUCATIONOF STUDENTS-NUMBER OF STUDENTS ENROLLED 1083, NUMBER OF STUDENTSGRADUATED 307.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,559,082

Program Service Revenue $59,266,374

Investment Income $3,231,395

Other Revenue $809,534

TOTAL REVENUE $64,866,385

Expense Breakdown

Grants Paid $34,264,460

Salaries & Benefits $14,128,306

Fundraising Expenses $411,376

Program Expenses $51,936,030

Other Expenses $7,148,790

TOTAL EXPENSES $55,541,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,866,385	$60,528,816	+0.1%
Expenses	$55,541,556	$55,129,351	+0.0%
Net Income	$9,324,829	$5,399,465	+0.7%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

243

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

$1,524,491

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADEDUNTAN RILWAN	TRUSTEE	2.50	Director	$0	$0	$0
BALBONI ALBERT	CHAIRMAN	35.00	Officer Director	$0	$0	$0
BARDI RICHARD	TRUSTEE	2.50	Director	$0	$0	$0
BROWN PETER HON	TRUSTEE	2.50	Director	$0	$0	$0
BUDD WAYNE HON	TRUSTEE	2.50	Director	$0	$0	$0
CASEY WILLIAM	PRESIDENT OF THE CORP./TRUSTEE	20.00	Officer Director	$0	$0	$0
COWIN JACKIE HON	SECRETARY OF THE CORP./SECRETARY	3.00	Officer Director	$0	$0	$0
CRAWFORD SUSAN HON	TRUSTEE	1.00	Director	$0	$0	$0
FLAHERTY PETER	TRUSTEE	2.50	Director	$0	$0	$0
NARANJO STEPHANIE	TRUSTEE	2.50	Director	$0	$0	$0
NOONAN III C BRENDAN	VICE-CHAIRMAN	7.00	Officer Director	$0	$0	$0
O'BRIEN JOHN	SPECIAL ADV. TO THE BOARD OF TRUSTEES	3.00	Director	$0	$0	$0
SINNOTT ELEANOR HON	TRUSTEE	2.50	Director	$0	$0	$0
SUCOFF CARY	TREASURER OF THE CORP./TRUSTEE	7.00	Officer Director	$0	$0	$0
WHEELER DIANA	SECRETARY OF THE CORP./TRUSTEE	3.00	Officer Director	$0	$0	$0
CHALMERS JOHN	DEAN OF ADMISSIONS	50.00	Key Emp	$225,556	$42,824	$268,380
DUSSIAS ALLISON	ACTING DEAN (AS OF 06/30)	35.00	Key Emp	$277,652	$49,396	$327,048
FREUDENHEIM LISA	DEAN (UNTIL 06/30)	50.00	Key Emp	$174,435	$28,073	$202,508
GREENBERG JUDITH	ASSOCIATE DEAN (AS OF 06/30)	40.00	Key Emp	$188,982	$40,193	$229,175
MARTORANA ANNE MARIE	CFO (UNTIL 08/07)	50.00	Key Emp	$269,028	$16,357	$285,385
PILGRIM JACQUELINE	ASSISTANT DEAN	50.00	Key Emp	$185,376	$26,619	$211,995
ENGLER RUSSELL	PROFESSOR	40.00	Highest	$222,889	$43,773	$266,662
FRIEDMAN LAWRENCE	PROFESSOR	40.00	Highest	$186,230	$40,309	$226,539
HANSEN VICTOR	PROFESSOR	50.00	Highest	$197,396	$27,626	$225,022
SCHENKEL KENT	PROFESSOR	50.00	Highest	$196,377	$41,268	$237,645
SIEGEL DAVID	PROFESSOR	40.00	Highest	$184,094	$40,177	$224,271

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	No data	No data	No data	No data
2024	$64,866,385	$55,541,556	$122,619,052	$9,324,829
2023	$60,528,816	$55,129,351	$107,906,623	$5,399,465
2022	$57,554,608	$55,796,774	$100,157,592	$1,757,834
2021	$46,208,385	$47,886,262	$111,835,752	$-1,677,877
2020	$37,116,199	$38,226,968	$108,370,694	$-1,110,769
2019	$27,718,292	$30,836,885	$108,208,647	$-3,118,593
2019	$27,718,292	$30,836,885	$108,208,647	$-3,118,593
2018	$26,755,156	$34,910,452	$108,958,310	$-8,155,296