INSULATION CONTRACTORS ASSOCIATION OF NEW ENGLAND (EIN 042899784) - 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

1978

Legal Domicile

Principal Officer

THOMAS GUNNING

Phone

6174790220

Tax Period

2023-01-01 to 2023-12-31

INSULATION CONTRACTORS ASSOCIATION OF NEW ENGLAND, founded in 1978, is a small nonprofit that reported $278K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE INTERESTS OF THE INSULATION CONTRACTING BUSINESS

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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 $189,475

Investment Income $10,509

Other Revenue $77,927

TOTAL REVENUE $277,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $218,141

Other Expenses $279,509

TOTAL EXPENSES $279,509

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,911	$237,118	+0.2%
Expenses	$279,509	$237,919	+0.2%
Net Income	$-1,598	$-801	+1.0%

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

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
SARAH FERRULLE	PRESIDENT	5.00	Director	$0	$0	$0
PATRICK GALLAGHER	OFFICER/TRUSTEE	5.00	Director	$0	$0	$0
STEPHEN JOHNSON	OFFICER/TRUSTEE	5.00	Director	$0	$0	$0
PAUL BIZOZZERO	VICE PRESIDENT	10.00	Director	$0	$0	$0
MICHAEL ROBBINS	OFFICER/TRUSTEE	5.00	Director	$0	$0	$0
LEONARD CARLSON	OFFICER/TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL PASSAMONTI	OFFICER/TRUSTEE	5.00	Director	$0	$0	$0
PAUL AINSWORTH	OFFICER/TRUSTEE	5.00	Director	$0	$0	$0
TOM ROMANO	OFFICER/TRUSTEE	5.00	Director	$0	$0	$0
TYLER MEDEIROS	OFFICER/TRUSTEE	5.00	Director	$0	$0	$0
GLENN BEARD	OFFICER/TRUSTEE	5.00	Director	$0	$0	$0
THOMAS GALLAGHER	OFFICER/TRUSTEE	5.00	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
2024	No data	No data	No data	No data
2023	$277,911	$279,509	$470,440	$-1,598
2022	$237,118	$237,919	$453,386	$-801
2021	$205,199	$166,916	$449,874	$38,283
2020	$144,612	$132,284	$411,391	$12,328
2019	$202,335	$153,254	$395,474	$49,081

INSULATION CONTRACTORS ASSOCIATION OF NEW ENGLAND