SOUTH BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NOTRE DAME EDUCATION CENTER INC, founded in 1992, is a small nonprofit that reported $390K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $639K exceeded revenue, resulting in a 64% operating deficit.
TO PROVIDE QUALITY EDUCATION AND SUPPORT SERVICES IN A DIVERSE CARING COMMUNITY THAT EMPOWERS ADULT AND AT RISK YOUTH LEARNERS TO REALIZE THEIR FULL POTENTIAL.
ADULT EDUCATION SERVICES:*LITERACY AND ACADEMIC ACHIEVEMENT PROGRAM (LAA) : THIS PROGRAM OFFERS BEGINNER LEVELS OF INSTRUCTION IN ENGLISH LANGUAGE LEARNING, AND THREE LEVELS OF INSTRUCTION IN...
ADULT EDUCATION SERVICES:*LITERACY AND ACADEMIC ACHIEVEMENT PROGRAM (LAA) : THIS PROGRAM OFFERS BEGINNER LEVELS OF INSTRUCTION IN ENGLISH LANGUAGE LEARNING, AND THREE LEVELS OF INSTRUCTION IN READING, WRITING, MATHEMATICS, SOCIAL STUDIES, SCIENCE, AND COMPUTER SKILLS. A CHIEF FOCUS IS BUILDING AND STRENGTHENING THE ACADEMIC FOUNDATION OF WHICH TO SCAFFOLD LEARNING FOR COLLEGE AND CAREER PATHWAYS OPPORTUNITIES.*COLLEGE AND CAREER PATHWAYS PROGRAM (CCP) : THIS PROGRAM OFFERS INTERMEDIATE AND ADVANCED INSTRUCTION IN ENGLISH LANGUAGE LEARNING INCLUDING LISTENING, SPEAKING, READING, WRITING, MATH, AND COMPUTER INSTRUCTION. IT ALSO PREPARES STUDENTS FOR GED/HISETIN FISCAL YEAR 2023, THE CENTER SERVED XXX STUDENTS, XX OF WHOM GRADUATED THE PROGRAM; X OF THE XX WHOM GRADUATED ARE N0W ENROLLED IN ADULT BASIC EDUCATION (ABE) AND HISET. IN FISCAL YEAR 2022, THE CENTER SERVED 110 STUDENTS, 80 OF WHOM GRADUATED FROM THE PROGRAM; 5 OF THE 80 GRADUATES ARE NOW ENROLLED IN ADULT BASIC EDUCATION (ABE) AND HISET.YOUTH EDUCATION SERVICES:THIS DEPARTMENT HAS TWO DISTINCT PROGRAMS, BOTH OF WHICH IMPLEMENT A CASE-MANAGEMENT MODEL SPECIFICALLY DESIGNED FOR THIS POPULATION.*HIGH SCHOOL DILPOMA PROGRAM (HSDP) : THIS PROGRAM ENABLES STUDENTS WITH 10 HIGH-SCHOOL CREDITS TO COMPLETE THEIR STUDIES AND OBTAIN A CATHEDRAL HIGH SCHOOL DIPLOMA; THE OPTION OF DUAL ENROLLMENT WITH BENJAMIN FRANKLIN INSTITUTE OF TECHNOLOGY IS PARTICULARLY ATTRATIVE FOR MANY STUDENTS. IN FISCAL YEAR 2023, THE CENTER SERVED XX STUDENTS, X OF WHOM OBTAINED THEIR DIPLOMA. IN FISCAL 2022, THE CENTER SERVED 22 STUDENTS, 7 OF WHOM OBTAINED THEIR DIPLOMA.*HISET AND POSTSECONDARY PREPARATION (HPP) : THIS PROGRAM IS DESIGNED FOR YOUTH WHO ARE 16 TO 24 YEARS OF AGE. HSDP AND HPP STUDENTS TAKE PART IN COLLEGE AND CAREER EXPLORATION. IN FISCAL YEAR 2023, THE CENTER SERVED XXX STUDENTS, X OF WHOM OBTAINED THE HISET. IN FISCAL YEAR 2022, THE CENTER SERVED 103 STUDENTS, 7 OF WHOM OBTAINED THE HISET. WORKFORCE READINESS AND CAREER PATHWAYS INITIATIVE : THE OVERALL GOAL OF THE INIFIATIVE IS TO PROVIDE ALL THE CENTER'S STUDENTS, ESPECIALLY AT THE COLLEGE AND CAREER PATHWAYS LEVELS, WITH SUPERIOR JOB READINESS SKILLS, EMPLOYMENT OUTCOMES, AND IN HOUSE TRAINING IN ITS FOUR TRACKS.TRACK 1 : OFFICE SKILLS AND TECHNOLOGY LEVEL ONE, CAREER EXPLORATIONTRACK 2 : OFFICE AKILLS AND TECHNOLOGY LEVEL TWO, BUSINESS LAB AND INTERNSHIPTRACK 3 : INDIVIDUALIZED CAREER COACHINGTRACK 4 : POST PLACEMENT / ALREADY EMPLOYED SERVICES.THE CENTER SERVED XXX AND 302 STUDENTS UNDER THIS PROGRAM FROM FISCAL YEARS 2023 AND 2022, RESPECTIVELY.
DUE TO RECURRING OPERATING LOSSES, THE CENTER'S BOARD OF DIRECTORS INITIATED PLANS TO DISCONTINUE OPERATIONS OF THE CENTER AND SELL THE CENTER'S PROPERTY TO ANOTHER NONPROFIT ORGANIZATION, CATHOLIC...
DUE TO RECURRING OPERATING LOSSES, THE CENTER'S BOARD OF DIRECTORS INITIATED PLANS TO DISCONTINUE OPERATIONS OF THE CENTER AND SELL THE CENTER'S PROPERTY TO ANOTHER NONPROFIT ORGANIZATION, CATHOLIC CHARITIES BUREAU OF THE ARCHDIOCESE OF BOSTON, INC. (CCAB). THE CENTER ENTERED INTO AN ASSET PURCHASE AGREEMENT ON APRIL 19, 2024, AFTER GETTING COURT APPROVAL OF THE CONDO TRANSFER. IN EXCHANGE FOR THE CONDO UNIT, CCAB FORGAVE THE OUTSTANDING PORTION OF THE $150,000 PROMISSORY NOTE DETAILED IN NOTE 5, RESULTING IN A NET CHARITABLE GRANT TRANSFER TO CCAB IN THE AMOUNT OF $5,533,328. THE CENTER IS IN THE PROCESS OF DISSOLVING AS A PUBLIC CHARITY IN COLLABORATION WITH THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE. ANY REMAINING ASSETS AND LIABILITIES WERE RECEIVED OR PAID BY CCAB AFTER THE CLOSING OF THE CONDO.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $390,135 | $466,042 | -0.2% |
| Expenses | $638,764 | $912,311 | -0.3% |
| Net Income | $-248,629 | $-446,269 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHARLES R SHEDIAC | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAREN COHN | TREASURER | 9.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANIEL J BRAZ CFA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAULINE EDMONDS ESQ RN | CLERK | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN F DESMOND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT M KIRWIN ESQ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CONOR G DILLON CPA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| COLLEEN R GALLE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MONICA PAEZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW C FANTASIA CPA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GERALDINE BURNS SND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BOB DEININGER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN R VANASSE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE DURANTE ESQ | EXECUTIVE DIRECTOR | 35.00 |
Officer
|
$96,923 | $0 | $96,923 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $390,135 | $638,764 | No data | $-248,629 |
| 2023 | $466,042 | $912,311 | $5,930,015 | $-446,269 |
| 2022 | $269,088 | $889,096 | $6,240,729 | $-620,008 |
| 2021 | $693,738 | $737,492 | $6,896,183 | $-43,754 |
| 2020 | $453,113 | $946,878 | $6,975,325 | $-493,765 |
| 2019 | $6,577,333 | $2,102,120 | $7,462,892 | $4,475,213 |
| 2018 | $1,211,228 | $2,048,541 | $5,256,998 | $-837,313 |
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