NORTH SHORE HERITAGE ASSOCIATES INC (EIN 042645008) - 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

1977

Legal Domicile

Principal Officer

CYNTHIA PARK

Phone

9787624878

Tax Period

2023-07-01 to 2024-06-30

NORTH SHORE HERITAGE ASSOCIATES INC, founded in 1977, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 7% surplus.

Mission

HOLD REAL ESTATE FOR NORTHEAST ARC, AN AFFILIATED 501(C)(3) ORGANIZATION.

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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 $145,730

Program Service Revenue $1,687,494

Investment Income $1,766

Other Revenue $355

TOTAL REVENUE $1,835,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,678,645

Other Expenses $1,700,289

TOTAL EXPENSES $1,700,289

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,835,345	$1,597,017	+0.1%
Expenses	$1,700,289	$1,633,677	+0.0%
Net Income	$135,056	$-36,660	-4.7%

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

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

$1,050,057

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE HARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
SHARI MUNRO	DIRECTOR	1.00	Director	$0	$0	$0
JO ANN SIMONS	PRESIDENT/DIRECTOR	1.00	Officer	$0	$211,478	$607,560
JOANNE PLOURDE	TREASURER/DIRECTOR	1.00	Officer	$0	$15,710	$184,089
CYNTHIA PARK	CLERK/DIRECTOR	1.00	Officer	$0	$32,541	$258,408

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	No data	No data	No data	No data
2024	$1,835,345	$1,700,289	$14,437,206	$135,056
2023	$1,597,017	$1,633,677	$11,763,495	$-36,660
2022	$1,516,234	$1,421,345	$10,369,179	$94,889
2021	$3,117,564	$1,507,892	$10,093,675	$1,609,672
2020	$1,582,520	$1,588,382	$10,438,226	$-5,862
2019	$1,517,515	$1,483,223	$10,762,830	$34,292
2018	$2,222,825	$1,533,145	$10,055,394	$689,680

NORTH SHORE HERITAGE ASSOCIATES INC