THE NEW ENGLAND CANADA BUSINESS CO… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

THOMAS KENT

Phone

5089230365

Tax Period

2023-07-01 to 2024-06-30

THE NEW ENGLAND CANADA BUSINESS COUNCIL INC, founded in 1992, is a small nonprofit that reported $224K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

TO DEVELOP AND ENCOURAGE BUSINESS RELATIONSHIPS BETWEEN ORGANIZATIONS IN THE NEW ENGLAND REGION AND CANADA AND TO ACT AS A FORUM FOR THE IDENTIFICATION AND DISCUSSION OF ISSUES AFFECTING TRADE AND INVESTMENT BETWEEN THE TWO REGIONS.

Program Service Accomplishments

Program 1

Expenses: $19,527 Revenue: $32,055

MEETINGS AND OUTINGS HELD TO PROVIDE A FORUM TO DISCUSS ISSUES RELATING TO TRADE & INVESTMENT BETWEEN NEW ENGLAND AND CANADA. PRESENTATIONS ARE MADE AT EACH MEETING WHICH PROVIDE INSIGHT INTO...

MEETINGS AND OUTINGS HELD TO PROVIDE A FORUM TO DISCUSS ISSUES RELATING TO TRADE & INVESTMENT BETWEEN NEW ENGLAND AND CANADA. PRESENTATIONS ARE MADE AT EACH MEETING WHICH PROVIDE INSIGHT INTO OPPORTUNITIES RELEVANT TO EACH REGION.

Program 2

Expenses: $131,070 Revenue: $173,484

THE ENERGY CONFERENCE PROVIDES AN OPPORTUNITY TO EXCHANGE IDEAS AND TO OBTAIN A BROAD PERSPECTIVE OF SHARED REGIONAL NEEDS FOR LEADERS IMPACTED BY THE ENERGY MARKETPLACE.

Program 3

Expenses: $14,812 Revenue: $18,890

THE U.S.-CANADA FINANCIAL, ECONOMIC AND INVESTMENT EXECUTIVE FORUM IS HELD ANNUALLY AND IS INTENDED TO PROVIDE INFORMATION TO GOVERNMENT AND BUSINESS LEADERS AND POLICY MAKERS ABOUT THE ECONOMIC AND BUSINESS OUTLOOK, KEY MARKET DRIVERS, STRATEGIC OPPORTUNITIES, AND EVOLVING FINANCIAL TECHNOLOGIES.

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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 $224,429

Investment Income $59

Other Revenue $0

TOTAL REVENUE $224,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $165,409

Other Expenses $219,322

TOTAL EXPENSES $219,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,488	$272,743	-0.2%
Expenses	$219,322	$273,561	-0.2%
Net Income	$5,166	$-818	-7.3%

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
MAXIME BERGERON	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY CICERONE	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN DUDLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARIE-CLAUDE FRANCOEUR	DIRECTOR	1.00	Director	$0	$0	$0
ANDY HOLMAN	DIRECTOR	1.00	Director	$0	$0	$0
RECEP KENDIRCIOGLU	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS M KENT	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN KIEF	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM LUTHERN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF TERREY	DIRECTOR	1.00	Director	$0	$0	$0
TIM TIERNEY	DIRECTOR	1.00	Director	$0	$0	$0
SARAH TRACY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GULLIVER	PRESIDENT	2.00	Officer	$0	$0	$0
MARSHALL SUGARMAN	FIRST VICE PRESIDENT	2.00	Officer	$0	$0	$0
JON SORENSON	PRESIDENT EMERITUS	2.00	Officer	$0	$0	$0
LEO DESJARDINS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
TIMOTHY EGAN	VICE PRESIDENT	2.00	Officer	$0	$0	$0
LEONARD GOLD	VICE PRESIDENT	2.00	Officer	$0	$0	$0
KATHY KELLY	VICE PRESIDENT	2.00	Officer	$0	$0	$0
PETER J HOWE	VICE PRESIDENT	2.00	Officer	$0	$0	$0
CAROLYN O'CONNOR	VICE PRESIDENT	2.00	Officer	$0	$0	$0
LINDSAY COOK	TREASURER	2.00	Officer	$0	$0	$0
JAMES DE VELLIS	CLERK	2.00	Officer	$0	$0	$0
DAVID EHRLICH	EXECUTIVE DIRECTOR	2.00	Officer	$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	No data	No data	No data	No data
2024	$224,488	$219,322	$199,985	$5,166
2023	$272,743	$273,561	$212,899	$-818
2022	$181,273	$198,633	$188,084	$-17,360
2021	$136,388	$137,369	$196,255	$-981
2020	$183,155	$212,437	$201,716	$-29,282
2019	$178,681	$212,068	$227,102	$-33,387
2018	$233,116	$211,466	$262,103	$21,650

THE NEW ENGLAND CANADA BUSINESS COUNCIL INC