NORTHERN ESSEX COMMUNITY COLLEGE FOUNDATION INC (EIN 042759634) - 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

1972

Legal Domicile

Principal Officer

ALLISON DOLAN WILSON

Phone

9785563624

Tax Period

2024-07-01 to 2025-06-30

NORTHERN ESSEX COMMUNITY COLLEGE FOUNDATION INC, founded in 1972, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 162% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 55% operating margin.

Mission

TO PROVIDE SUPPORT FOR AREAS OF NEED AT NORTHERN ESSEX COMMUNITY COLLEGE INCLUDING FINANCIAL ASSISTANCE FOR STUDENTS, IDENTIFYING OPPORTUNITIES FOR COLLABORATION, SUPPORT EDUCATIONAL PROGRAMS AND FACILITATING CONNECTIONS TO AREA BUSINESSES AND ORGANIZATIONS.

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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 $1,545,571

Program Service Revenue $0

Investment Income $415,112

Other Revenue $19,220

TOTAL REVENUE $1,979,903

Expense Breakdown

Grants Paid $758,264

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $758,264

Other Expenses $129,808

TOTAL EXPENSES $888,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,979,903	$755,029	+1.6%
Expenses	$888,072	$1,034,764	-0.1%
Net Income	$1,091,831	$-279,735	-4.9%

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

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

$231,087

Total Directors

$577,547

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANE A GLENN	DIRECTOR	1.0	Director	$0	$37,537	$346,460
ALLISON M DOLAN-WILSON	EXECUTIVE DIRECTOR	9.0	Officer Director	$0	$30,313	$231,087
TERRENCE BEATON	PRESIDENT	1.0	Officer Director	$0	$0	$0
Jay Stephens	vice PRESIDENT	1.0	Officer Director	$0	$0	$0
STACEY PALOVICH	treasurer	1.0	Officer Director	$0	$0	$0
JEFFREY LINEHAN	SECRETARY	1.0	Officer Director	$0	$0	$0
John Albert	director	1.0	Director	$0	$0	$0
Karen Andreas	director	1.0	Director	$0	$0	$0
ANDREW BERGAMINI	DIrector	1.0	Director	$0	$0	$0
Francis Bevilacqua	director	1.0	Director	$0	$0	$0
THOMAS MORTIMER	Director (until 5/2025)	1.0	Director	$0	$0	$0
Ping Yin Chai	director	1.0	Director	$0	$0	$0
Tim Coco	director	1.0	Director	$0	$0	$0
Frank Cousins	Director	1.0	Director	$0	$0	$0
WILLIAM DCOX Jr	DIRECtor	1.0	Director	$0	$0	$0
MICHAEL GERSTEIN ESQUIRE	DIrector	1.0	Director	$0	$0	$0
Jose Cruz	Director	1.0	Director	$0	$0	$0
DEREK DAVOLI	Director	1.0	Director	$0	$0	$0
richard eaton	Director (until 5/2025)	1.0	Director	$0	$0	$0
lloyd hamm	Director (until 5/2025)	1.0	Director	$0	$0	$0
JOHN HOWARD	Director	1.0	Director	$0	$0	$0
Diane Martin	Director	1.0	Director	$0	$0	$0
NANCY NORBEDO	Director	1.0	Director	$0	$0	$0
Caroline Pineau	Director	1.0	Director	$0	$0	$0
Kristyn Pistone	Director	1.0	Director	$0	$0	$0
EILEEN REGAN	Director	1.0	Director	$0	$0	$0
BARBARA ROWELL	Director	1.0	Director	$0	$0	$0
LISA TORRISI	Director	1.0	Director	$0	$0	$0
MARK VAN WEELDEN	director	1.0	Director	$0	$0	$0
KEVIN KELLY	director (until 5/2025)	1.0	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	$1,979,903	$888,072	$11,496,688	$1,091,831
2024	$755,029	$1,034,764	$10,062,323	$-279,735
2023	$2,268,412	$1,203,887	$9,589,996	$1,064,525
2022	$2,132,171	$576,768	$8,084,733	$1,555,403
2021	$1,165,394	$659,251	$7,993,813	$506,143
2020	$1,411,659	$578,173	$6,774,303	$833,486
2019	$1,685,517	$420,270	$5,709,838	$1,265,247

NORTHERN ESSEX COMMUNITY COLLEGE FOUNDATION INC