THIRD SECTOR NEW ENGLAND INC

EIN: 042261109 501(c)(3) Community Improvement

BOSTON, MA

Total Revenue
$92,168,799
Total Expenses
$82,212,723
Total Assets
$116,072,302
Net Assets
$97,056,795
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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
MA
Principal Officer
ELAINE L NG
Phone
6175236565
Tax Period
2024-07-01 to 2025-06-30

THIRD SECTOR NEW ENGLAND INC, founded in 1959, is a mid-sized nonprofit in the Community Improvement sector that reported $92.2M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $82.2M left a modest 11% surplus.

Mission

TSNE STRENGTHENS ORGANIZATIONS WORKING TOWARDS A JUST AND EQUITABLE SOCIETY.

Program Service Accomplishments

Program 1
Expenses: $62,457,006 Revenue: $18,322,234

THROUGH AN ARRAY OF CAPACITY BUILDING SERVICES AND MANAGEMENT SUPPORT PROGRAMS, THIRD SECTOR NEW ENGLAND BUILDS THE LEADERSHIP AND EFFECTIVENESS OF INDIVIDUALS AND GROUPS TO CREATE A MORE JUST AND...

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THROUGH AN ARRAY OF CAPACITY BUILDING SERVICES AND MANAGEMENT SUPPORT PROGRAMS, THIRD SECTOR NEW ENGLAND BUILDS THE LEADERSHIP AND EFFECTIVENESS OF INDIVIDUALS AND GROUPS TO CREATE A MORE JUST AND DEMOCRATIC SOCIETY.THIRD SECTOR NEW ENGLAND'S FISCAL SPONSORSHIP PROGRAM PROVIDES MANAGEMENT SUPPORT TO MISSION-DRIVEN GROUPS THAT FOCUS THEIR WORK ON ISSUES AFFECTING THE ROOT CAUSES OF SOCIAL PROBLEMS. WE SUPPORT ALL PROJECTS WITH A BROAD ARRAY OF ADMINISTRATIVE SERVICES. TSNE MANAGES NONPROFIT PROJECTS' FINANCES, GOVERNANCE, HUMAN RESOURCES, INSURANCE NEEDS, AND OTHER INCREASINGLY COMPLEX COMPLIANCE ISSUES ASSOCIATED WITH RUNNING A STAND ALONE NONPROFIT. THROUGH THESE SUPPORT SERVICES FOR A VARIETY OF INDIVIDUAL PROJECTS, WE SEEK TO PROVIDE WIDER ACCESS TO RESOURCES AND SERVICES FOR PEOPLE SYSTEMATICALLY DENIED FAIR ACCESS. PROJECT-BASED WORK ADDRESSES ISSUES SUCH AS CIVIL AND OTHER BASIC HUMAN RIGHTS, ENVIRONMENTAL SUSTAINABILITY, FOOD SECURITY, AND ACCESS TO HEALTH CARE, HOUSING, AND EDUCATION.

Program 2
Expenses: $3,069,697 Revenue: $561,742

TSNE'S CONSULTING SERVICES ASSIST NON-PROFITS IN BUILDING ORGANIZATIONAL CAPACITY USING A WHOLE SYSTEMS APPROACH. A BROAD RANGE OF SERVICES ARE OFFERED THAT INCLUDE ORGANIZATIONAL ASSESSMENT, BOARD...

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TSNE'S CONSULTING SERVICES ASSIST NON-PROFITS IN BUILDING ORGANIZATIONAL CAPACITY USING A WHOLE SYSTEMS APPROACH. A BROAD RANGE OF SERVICES ARE OFFERED THAT INCLUDE ORGANIZATIONAL ASSESSMENT, BOARD DEVELOPMENT, EXECUTIVE TRANSITIONS MANAGEMENT, SUCCESSION PLANNING, PROGRAM EVALUATION, AND STRATEGIC PLANNING. OUR CONSULTANTS ALSO ENGAGE IN FIELD BUILDING PROJECTS WHICH AFFECT COALITIONS OR HAVE BROAD COMMUNITY IMPACT.

Program 3
Expenses: $3,586,600 Revenue: $3,573,263

TSNE'S PROPERTY SERVICES PROVIDES NONPROFITS WITH AFFORDABLE PROPERTY MANAGEMENT SERVICES AND BELOW-MARKET OFFICE AND MEETING SPACES. THE NONPROFIT CENTER IS BOSTON'S HOME FOR PROGRESSIVE SOCIAL...

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TSNE'S PROPERTY SERVICES PROVIDES NONPROFITS WITH AFFORDABLE PROPERTY MANAGEMENT SERVICES AND BELOW-MARKET OFFICE AND MEETING SPACES. THE NONPROFIT CENTER IS BOSTON'S HOME FOR PROGRESSIVE SOCIAL CHANGE NONPROFITS AND A RESOURCE FOR THE LARGER NONPROFIT COMMUNITY. WITH 110,000 SQUARE FEET OF OFFICE SPACE AND MEETING SPACE, THE CENTER IS A HUB FOR NONPROFITS IN THE BOSTON AREA. DEVELOPED USING SUSTAINABLE DESIGN, THE CENTER'S MISSION IS TO FOSTER COLLABORATION AND ENHANCE ORGANIZATIONAL STABILITY. THE CENTER'S TENANTS ARE MISSION-FOCUSED NONPROFITS COMMITTED TO MAKING A POSITIVE IMPACT IN THE COMMUNITIES THEY OPERATE AND ON THE CONSTITUENTS THEY SERVE. IN ADDITION TO THE NONPROFIT CENTER, TSNE PROVIDES WRAP-AROUND PROPERTY MANAGEMENT AND OPERATIONAL SUPPORT FOR LOCAL NONPROFIT OWNED PROPERTIES.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $65,635,465
Program Service Revenue $22,266,240
Investment Income $2,764,318
Other Revenue $1,502,776
TOTAL REVENUE $92,168,799

Expense Breakdown

Grants Paid $12,633,630
Salaries & Benefits $44,755,632
Fundraising Expenses $1,832,846
Program Expenses $69,113,303
Other Expenses $24,601,492
TOTAL EXPENSES $82,212,723

Year-over-Year Comparison

2024 2023 Change
Revenue $92,168,799 $68,007,933 +0.4%
Expenses $82,212,723 $81,186,450 +0.0%
Net Income $9,956,076 $-13,178,517 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
545
Volunteers
258

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
6
$745,372
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAYE Y SMITH CHAIR 0.30
Officer Director
$0 $0 $0
CLEMENT V JAMES TREASURER 0.30
Officer Director
$0 $0 $0
MARCOS L POPOVICH CLERK 0.30
Officer Director
$0 $0 $0
BETH CHANDLER VICE CHAIR 0.30
Officer Director
$0 $0 $0
ANGELA BROWN BOARD MEMBER 0.30
Director
$0 $0 $0
NANCY B GARDINER BOARD MEMBER 0.30
Director
$0 $0 $0
JAY KIM BOARD MEMBER 0.30
Director
$0 $0 $0
AYISHA LEE BOARD MEMBER 0.30
Director
$0 $0 $0
ERIN MCALEER BOARD MEMBER(FROM 03/07/25) 0.30
Director
$0 $0 $0
DAVID SHAPIRO BOARD MEMBER(FROM 03/07/25) 0.30
Director
$0 $0 $0
MEGHA VADULA BOARD MEMBER 0.30
Director
$0 $0 $0
ELAINE L NG CEO 37.50
Officer
$374,351 $68,341 $442,692
NOAH STOCKMAN CFO 37.50
Officer
$252,143 $50,537 $302,680
LUZ D RIVERA CHIEF PEOPLE AND CULTURE OFFICER 37.50
Highest
$236,315 $41,329 $277,644
SUSAN G HIBBARD PROJECT DIRECTOR 37.50
Highest
$269,426 $63,334 $332,760
RISA WILKERSON PROJECT DIRECTOR 37.50
Highest
$233,592 $51,242 $284,834
FRANCES KUNREUTHER PROJECT DIRECTOR (UNTIL 09/30/24) 37.50
Highest
$233,665 $21,773 $255,438
MICHAEL IBRAHIM CHIEF PROGRAM AND IMPACT OFFICER 37.50
Highest
$230,268 $36,463 $266,731
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 $92,168,799 $82,212,723 $116,072,302 $9,956,076
2024 $68,007,933 $81,186,450 $148,962,717 $-13,178,517
2023 $88,378,996 $75,477,123 $162,486,187 $12,901,873
2022 $83,599,694 $63,267,554 $144,887,260 $20,332,140
2021 $80,834,257 $63,544,015 $129,062,411 $17,290,242
2020 $70,555,519 $63,173,630 $110,017,543 $7,381,889
2019 $72,561,937 $59,756,675 $105,346,204 $12,805,262
2018 $50,793,982 $52,577,755 $90,680,820 $-1,783,773
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