NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORPORATION (EIN 042966372) - 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

1986

Legal Domicile

Principal Officer

ROY NASCIMENTO

Phone

9783537600

Tax Period

2023-10-01 to 2024-09-30

NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORPORATION, founded in 1986, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 8% surplus.

Mission

EXPANDING ECONOMIC OPPORTUNITY IN CENTRAL MASSACHUSETTS

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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 $925,262

Program Service Revenue $194,837

Investment Income $63,898

Other Revenue $0

TOTAL REVENUE $1,183,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $469,854

Fundraising Expenses $0

Program Expenses $866,944

Other Expenses $615,685

TOTAL EXPENSES $1,085,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,183,997	$1,614,235	-0.3%
Expenses	$1,085,539	$1,247,983	-0.1%
Net Income	$98,458	$366,252	-0.7%

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

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

$218,226

Total Directors

$218,226

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND MARTINO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KAREN THORNE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DUVAL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANTHONY MERCADANTE	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND LAFOND	CLERK	1.00	Officer Director	$0	$0	$0
TREVOR BEAUREGARD	DIRECTOR	1.00	Director	$0	$0	$0
MARK FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROY NASCIMENTO	PRESIDENT, TREASURER	18.00	Officer Director	$0	$0	$218,226
CHRISTINA DIRUSSO	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	$1,183,997	$1,085,539	$6,778,854	$98,458
2023	$1,614,235	$1,247,983	$6,873,771	$366,252
2022	$2,376,134	$1,292,443	$7,059,159	$1,083,691
2021	$3,602,305	$2,555,056	$6,248,244	$1,047,249
2020	$1,040,476	$1,771,410	$3,393,831	$-730,934
2019	$659,999	$1,004,364	$2,541,485	$-344,365
2018	$358,062	$521,508	$2,170,554	$-163,446

NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORPORATION