TURNING POINT INC AND AFFILIATES

EIN: 042479435 501(c)(3) Housing & Shelter

NEWBURYPORT, MA

Total Revenue
$34,414,089
Total Expenses
$31,155,733
Total Assets
$24,610,030
Net Assets
$16,184,938
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MA
Principal Officer
ALAN KLEIN
Phone
9784628251
Tax Period
2024-07-01 to 2025-06-30

TURNING POINT INC AND AFFILIATES, founded in 1971, is a mid-sized nonprofit in the Housing & Shelter sector that reported $34.4M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $31.2M left a modest 9% surplus.

Mission

TURNING POINT, INC. IS A HUMAN SERVICES ORGANIZATION PROVIDING RESIDENTIAL SERVICES TO DEVELOPMENTALLY DISABLED INDIVIDUALS IN THE NORTH SHORE AND MERRIMACK VALLEY AREAS. OUR MISSION STATEMENT IS AS FOLLOWS: TURNING POINT IS A NON-PROFIT ORGANIZATION THAT IS COMMITTED TO PROVIDING EXCEPTIONAL SERVICES TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. TURNING POINT, INC., WITH ITS TEAM OF DEDICATED EMPLOYEES, STRIVES TO TEACH, EMPOWER AND ENCOURAGE THE INDIVIDUALS TO BE SELF-CONFIDENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $32,790,646
Program Service Revenue $1,215,002
Investment Income $377,157
Other Revenue $31,284
TOTAL REVENUE $34,414,089

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,131,779
Fundraising Expenses $0
Program Expenses $28,486,665
Other Expenses $7,023,954
TOTAL EXPENSES $31,155,733

Year-over-Year Comparison

2024 2023 Change
Revenue $34,414,089 $28,170,838 +0.2%
Expenses $31,155,733 $31,357,912 0.0%
Net Income $3,258,356 $-3,187,074 -2.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
409
Volunteers
10

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
8
$674,153
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
C STEPHEN DEOROCKI CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MARK D BAILEY VICE CHAIR 1.00
Officer Director
$0 $0 $0
JULIE ZALESKI TREASURER 1.00
Officer Director
$0 $0 $0
SCOTT EATON CLERK 1.00
Officer Director
$0 $0 $0
GARY DAVIS DIRECTOR 1.00
Director
$0 $0 $0
HILLARY PERRON DIRECTOR 1.00
Director
$0 $0 $0
PENNY OUTLAW DIRECTOR 1.00
Director
$0 $0 $0
GREG DELUCA DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN GONSALVES DIRECTOR 1.00
Director
$0 $0 $0
LAURA CONLIN DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE STEVENS DIRECTOR (UNTIL 3/2025) 1.00
Director
$0 $0 $0
ALAN KLEIN PRESIDENT AND CEO 40.00
Officer
$200,957 $5,552 $206,509
LINDA BLEAU COO 40.00
Officer
$171,599 $12,484 $184,083
SHERRY RICHARDSON CFO 40.00
Officer
$152,405 $1,063 $153,468
SHERRY ROGNESS DIRECTOR OF HUMAN RESOURCES 40.00
Officer
$125,228 $4,865 $130,093
LAWRENCE LEGAULT DIR. OF FACILITIES/MAINTENANCE 40.00
Highest
$111,240 $4,741 $115,981
KINGSLEY ANADU DIRECT SUPPORT 40.00
Highest
$108,398 $0 $108,398
TRACY WOOD SENIOR HR GENERALIST 40.00
Highest
$103,272 $842 $104,114
KWABENA NIMO DIRECT SUPPORT 38.00
Highest
$102,218 $0 $102,218
JULIEANNE BURRIDGE DIRECTOR OF NURSING 40.00
Highest
$104,000 $851 $104,851
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 $34,414,089 $31,155,733 $24,610,030 $3,258,356
2024 $28,170,838 $31,357,912 $20,936,160 $-3,187,074
2023 $28,890,524 $28,298,275 $23,468,648 $592,249
2022 $31,886,468 $25,460,403 $22,797,029 $6,426,065
2021 $23,787,887 $21,802,838 $15,951,930 $1,985,049
2020 $21,825,987 $21,541,117 $14,629,490 $284,870
2019 $20,473,841 $19,397,648 $13,124,262 $1,076,193
2018 $20,300,017 $19,542,879 $11,939,137 $757,138
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