CENTER REALTY TRUST OF NORTH ANDOVER (EIN 042348294) - 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

ALEX LOTH

Phone

9786825786

Tax Period

2023-01-01 to 2023-12-31

CENTER REALTY TRUST OF NORTH ANDOVER, founded in 1959, is a micro nonprofit that reported $34K in total revenue in fiscal year 2023. Expenses of $48K exceeded revenue, resulting in a 41% operating deficit.

Mission

CENTER REALTY TRUST OF NORTH ANDOVER IS A WHOLY-OWNED SUBSIDIARY OF THE NORTH ANDOVER HISTORICAL SOCIETY. ITS PURPOSE IS TO PRESERVE THE HISTORIC LANDSCAPE OF CENTER VILLAGE. THE LOCATION OF THE ORIGINAL SETLLEMENT OF NORTH ANDOVER, MASSACHUSETTS.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $33,903

TOTAL REVENUE $33,903

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,623

Other Expenses $17,704

TOTAL EXPENSES $47,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,903	$-4,243	-9.0%
Expenses	$47,704	$16,223	+1.9%
Net Income	$-13,801	$-20,466	-0.3%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES WORDEN	TRUSTEE	5.00	Director	$0	$0	$0
ALEXANDER LOTH	TRUSTEE	5.00	Director	$0	$0	$0
DAVID KRES	TRUSTEE	5.00	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
2024	No data	No data	No data	No data
2023	$33,903	$47,704	$938,576	$-13,801
2022	$40,280	$52,511	$970,835	$-12,231
2022	$-4,243	$16,223	$953,414	$-20,466
2021	$494,645	$785,251	$1,034,277	$-290,606
2020	$236,724	$162,925	$1,324,883	$73,799
2019	$-5,597	$122,936	$1,423,984	$-128,533
2018	$4,960	$15,000	$1,422,868	$-10,040

CENTER REALTY TRUST OF NORTH ANDOVER