NORTHEAST ENERGY AND COMMERCE ASSOCIATION INC (EIN 042974993) - 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

1985

Legal Domicile

Principal Officer

TODD GRISET

Phone

7814495959

Tax Period

2023-01-01 to 2023-12-31

NORTHEAST ENERGY AND COMMERCE ASSOCIATION INC, founded in 1985, is a small nonprofit that reported $400K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $368K left a modest 8% surplus.

Mission

TO PROMOTE A RELIABLE, ENVIRONMENTALLY RESPONSIBLE AND COST-EFFECTIVE REGIONAL POWER SUPPLY, INCLUDING INNOVATIVE DEMAND-SIDE INITIATIVES AND RENEWABLE ENERGY.

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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 $107,141

Program Service Revenue $291,725

Investment Income $103

Other Revenue $825

TOTAL REVENUE $399,794

Expense Breakdown

Grants Paid $10,205

Salaries & Benefits $171,235

Fundraising Expenses $0

Other Expenses $186,417

TOTAL EXPENSES $367,857

Year-over-Year Comparison

	2023	2022	Change
Revenue	$399,794	$317,476	+0.3%
Expenses	$367,857	$302,312	+0.2%
Net Income	$31,937	$15,164	+1.1%

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

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

$132,935

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW KINROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
KERRY SCHLICHTING	BOARD MEMBER	1.00	Director	$0	$0	$0
C JOHN MEESKE	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
CAROL HOLAHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY FEELEY KARP	BOARD MEMBER	1.00	Director	$0	$0	$0
IAN SPRINGSTEEL	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL RUKAKOSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID FIXLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID O'CONNOR	PRESIDENT	1.00	Officer Director	$0	$0	$0
MAX BERGERON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH DORFLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE FAGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE DALTON	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
JOHN MALLOY III	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN CARROLL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRETT FELDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIA FRAYER	BOARD MEMBER	1.00	Director	$0	$0	$0
MOLLY CONNORS	BOARD MEMBER	1.00	Director	$0	$0	$0
AJ JABLONOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK C KALPIN	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
MARY USOVICZ	VP MARKETING	1.00	Officer Director	$0	$0	$0
MAX LAMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL N BELVAL	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
PETER BROWN	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
ROBERT MUNNELLY	SECRETARY	1.00	Officer Director	$0	$0	$0
ROSS GROFFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDI HENNEQUIN	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
SARA WILMER	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH BRESOLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAELA MCNULTY COLLINS	VP PROGRAMMING	1.00	Officer Director	$0	$0	$0
TANYA BODELL	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
CHRIS JYLKKA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MALLOY JR	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
TODD GRISET	TREASURER	2.00	Officer Director	$0	$0	$0
TOM MICHELMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
VANDAN DIVATIA	VP ADMINISTRATION	1.00	Officer Director	$0	$0	$0
MARLA SIMON	EXECUTIVE DIRECTOR	40.00	Officer	$120,000	$12,935	$132,935

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	No data	No data	No data	No data
2023	$399,794	$367,857	$388,098	$31,937
2022	$317,476	$302,312	$381,161	$15,164
2021	$348,516	$276,079	$365,997	$72,437
2020	$250,443	$278,002	$293,560	$-27,559
2019	$479,206	$444,629	$296,119	$34,577
2018	$496,115	$485,433	$261,542	$10,682

NORTHEAST ENERGY AND COMMERCE ASSOCIATION INC