THIRD SECTOR NEW ENGLAND INC (EIN 042261109) - 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

1959

Legal Domicile

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.

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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 $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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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

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

$745,372

Total Directors

Key Employees

Highest Compensated

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

THIRD SECTOR NEW ENGLAND INC