NORTH OF BOSTON CONVENTION & VISITORS BUREAU INC (EIN 042262705) - 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

1955

Legal Domicile

Principal Officer

JAMES O'BRIEN

Phone

9784656555

Tax Period

2024-07-01 to 2025-06-30

NORTH OF BOSTON CONVENTION & VISITORS BUREAU INC, founded in 1955, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

PROMOTION OF ESSEX COUNTY AS A TOURIST DESTINATION

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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 $1,336,852

Program Service Revenue $466,005

Investment Income $46,675

Other Revenue $58,668

TOTAL REVENUE $1,908,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $407,677

Fundraising Expenses $0

Program Expenses $1,826,111

Other Expenses $1,520,578

TOTAL EXPENSES $1,928,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,908,200	$1,608,708	+0.2%
Expenses	$1,928,255	$1,831,137	+0.1%
Net Income	$-20,055	$-222,429	-0.9%

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

Volunteers

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES OBRIEN	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN ORLANDO	CHAIR	2.00	Officer Director	$0	$0	$0
KAREN NASCEMBENI	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BETHANY GROFF DORAU	SECRETARY	2.00	Officer Director	$0	$0	$0
TARA B BASSETT	AT LARGE	2.00	Officer Director	$0	$0	$0
GIA PAGE	AT LARGE	2.00	Officer Director	$0	$0	$0
JENNIFER CLOSE	PAST CHAIR	2.00	Officer Director	$0	$0	$0
LYNNE BLANGIARDI	DIRECTOR	1.00	Director	$0	$0	$0
SARAH BOUCHER	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA EBERHARDT	DIRECTOR	1.00	Director	$0	$0	$0
Pilar Garro	DIRECTOR	1.00	Director	$0	$0	$0
Jill Gray	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE HENNESSEY	DIRECTOR	1.00	Director	$0	$0	$0
TINA JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
KATE MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JO BRODERICK	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN MCCORMACK	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE ROSENBERG	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER SICURANZA	DIRECTOR	1.00	Director	$0	$0	$0
LACRECIA THOMSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIN TRUEX	DIRECTOR	1.00	Director	$0	$0	$0
MARSHALL TULLEY	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE TURNER	DIRECTOR	1.00	Director	$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
2025	$1,908,200	$1,928,255	$1,157,526	$-20,055
2024	$1,608,708	$1,831,137	$1,194,966	$-222,429
2023	$1,550,107	$1,504,697	$1,398,047	$45,410
2022	$1,618,172	$972,815	$1,348,608	$645,357
2021	$834,150	$828,408	$751,036	$5,742
2020	$970,985	$881,500	$594,948	$89,485
2019	$931,305	$852,608	$454,854	$78,697

NORTH OF BOSTON CONVENTION & VISITORS BUREAU INC