NORTH CENTRAL MASSACHUSETTS CHAMBER FOUN (EIN 042774164) - 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

1983

Legal Domicile

Principal Officer

ROY NASCIMENTO

Phone

9783537600

Tax Period

2023-07-01 to 2024-06-30

NORTH CENTRAL MASSACHUSETTS CHAMBER FOUN, founded in 1983, is a small nonprofit that reported $179K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $156K left a modest 13% surplus.

Mission

SCHOLARSHIPS ARE AWARDED TO HIGHLIGHT THE ACADEMIC OF HIGH SCHOOL SENIORS IN THE COMMUNITY

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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 $141,101

Program Service Revenue $0

Investment Income $37,677

Other Revenue $0

TOTAL REVENUE $178,778

Expense Breakdown

Grants Paid $50,500

Salaries & Benefits $100,000

Fundraising Expenses $0

Program Expenses $50,500

Other Expenses $5,035

TOTAL EXPENSES $155,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,778	$106,634	+0.7%
Expenses	$155,535	$106,205	+0.5%
Net Income	$23,243	$429	+53.2%

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

$229,047

Total Directors

$229,047

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIEKE CORMIER	DIRECTOR	1.00	Director	$0	$0	$0
ALLIE CATLIN	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES VANDER HOOVEN	DIRECTOR	1.00	Director	$0	$0	$0
NICK HARITOS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HENDRY	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MAHONEY	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN HEROUX	DIRECTOR	1.00	Director	$0	$0	$0
MARK HETTINGER	DIRECTOR	1.00	Director	$0	$0	$0
TONY FIELDS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MCCARTY	DIRECTOR	1.00	Director	$0	$0	$0
RODRIGO SOUZA	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE MOORSHEAD	DIRECTOR	1.00	Director	$0	$0	$0
ROY NASCIEMENTO	PRESIDENT, CLERK	5.00	Officer Director	$0	$10,821	$229,047
DAVID MOURA	DIRECTOR	1.00	Director	$0	$0	$0
KAYLA NAULT	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA GLENNY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL JOHANSEN	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA PAGE	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$178,778	$155,535	$642,559	$23,243
2023	$106,634	$106,205	$620,339	$429
2022	$86,682	$54,260	$653,759	$32,422
2021	$64,758	$104,232	$597,205	$-39,474
2020	$52,397	$50,441	$592,354	$1,956
2019	$67,695	$48,360	$605,533	$19,335

NORTH CENTRAL MASSACHUSETTS CHAMBER FOUN