NATICK CENTER ASSOCIATES INC

EIN: 043263050 501(c)(3) Community Improvement

NATICK, MA

Total Revenue
$247,738
Total Expenses
$294,980
Total Assets
$189,210
Net Assets
$145,220
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MA
Principal Officer
ARTHUR FAIR III
Phone
5086508848
Tax Period
2024-01-01 to 2024-12-31

NATICK CENTER ASSOCIATES INC, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $248K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $295K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO WORK IN PARTNERSHIP WITH THE TOWN OF NATICK AND COMMITTED NCA MEMBERS TO CULTIVATE A LIVELY AND DIVERSE DOWNTOWN NEIGHBORHOOD BY ENHANCING THE CULTURAL, ECONOMIC, AND SOCIAL LIFE OF OUR COMMUNITY. NCA'S PRIVATE-PUBLIC PARTNERSHIP REPRESENTS INNOVATIVE CULTURAL VOICES FROM MERCHANTS AND PROPERTY OWNERS, TO ARTS AND CULTURAL ORGANIZATIONS, LOCAL ARTISTS, AND CONCERNED CITIZENS. TOGETHER WE WORK TO BUILD CAPACITY FOR CULTURAL PROGRAMMING AND CREATIVE SPACES, AND TO FOSTER CREATIVE PARTNERSHIPS, PIVOTAL TO THE CONTINUED RENAISSANCE OF NATICK CENTER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $153,967
Program Service Revenue $91,570
Investment Income $2,201
Other Revenue $0
TOTAL REVENUE $247,738

Expense Breakdown

Grants Paid $7,500
Salaries & Benefits $64,800
Fundraising Expenses $0
Program Expenses $164,508
Other Expenses $222,680
TOTAL EXPENSES $294,980

Year-over-Year Comparison

2024 2023 Change
Revenue $247,738 $271,965 -0.1%
Expenses $294,980 $256,479 +0.2%
Net Income $-47,242 $15,486 -4.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
40

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
4
$0
Total Directors
12
$62,834
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ATHENA PANDOLF JANUARY-APRIL DIRECTOR 40.00
Director
$40,959 $0 $40,959
PAUL JOSEPH MAY -DECEMBER EXECUTIVE DI 20.00
Director
$21,875 $0 $21,875
STEPHEN J BRAYMAN DIRECTOR 1.00
Director
$0 $0 $0
SWATI DAVE DIRECTOR 1.00
Director
$0 $0 $0
JILL HOURIHAN TREASURER 5.00
Officer Director
$0 $0 $0
ARTHUR FAIR III PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID LAVALLEY DIRECTOR 1.00
Director
$0 $0 $0
STEVE LEVINSKY CLERK 3.00
Officer Director
$0 $0 $0
VIRGINIA MCEACHERN VICE PRESIDE 3.00
Officer Director
$0 $0 $0
JOCELYN SAGE MITCHELL DIRECTOR 1.00
Director
$0 $0 $0
AVIGAIL SHIMSHONI DIRECTOR 1.00
Director
$0 $0 $0
GARY STUCCHI 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
2024 $247,738 $294,980 $189,210 $-47,242
2023 $271,965 $256,479 $192,462 $15,486
2022 $241,026 $253,286 $176,976 $-12,260
2021 $214,592 $202,259 $189,236 $12,333
2019 $285,110 $283,979 $176,810 $1,131
2018 $197,147 $191,136 $175,679 $6,011
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