NEW ENGLAND PRODUCE COUNCIL INC

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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

1995

Legal Domicile

Principal Officer

LAURA SULLIVAN

Phone

7812730444

Tax Period

2023-10-01 to 2024-09-30

NEW ENGLAND PRODUCE COUNCIL INC, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $725K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $176K, a strong 24% operating margin.

Mission

THE ORGANIZATION PROVIDES MEETINGS & SEMINARS SPONSORED BY ITS MEMBERS FOR THE PURPOSE OF EDUCATING ITS MEMBERS & THE PUBLIC AND PROMOTING NETWORKING AMONG ITS MEMBERS: PROVIDES THE OPPORTUNITY FOR COMPANIES WITHIN THE PRODUCE INDUSTRY TO SPONSOR MEETINGS AND EDUCATE THE MEMBERS AS TO THE SPONSOR'S SPECIALTY; ASSIST IN EDUCATING CONSUMERS THROUGH PUBLIC SERVICE ANNOUNCEMENTS EMPHASIZING THE IMPORTANCE OF HEALTHY EATING. THE ORGANIZATION IS A MEMBER OF THE PRODUCE FOR BETTER HEALTH AND IS ACTIVE IN INDUSTRY PROMOTION.

Program Service Accomplishments

Program 1

Expenses: $478,107

THE NEPC GOLF TOURNAMENT ANNUAL EVENT HELD JULY 23, 2024, PROVIDES AN OPPORTUNITY FOR THE MEMBERSHIP TO COME TOGETHER IN A SOCIAL ENVIRONMENT AND FOSTER BUSINESS RELATIONSHIPS WITH THE INDUSTRY...

THE NEPC GOLF TOURNAMENT ANNUAL EVENT HELD JULY 23, 2024, PROVIDES AN OPPORTUNITY FOR THE MEMBERSHIP TO COME TOGETHER IN A SOCIAL ENVIRONMENT AND FOSTER BUSINESS RELATIONSHIPS WITH THE INDUSTRY VENDORS AND BUYERS. GOLF TOURNMENT SPONSORS HAVE THE OPPORTUNITY TO SHOWCASE THEIR PRODUCTS AT THE EVENT INCLUDING SAMPLING. IN 2024 WE HAD 131 GOLFERS AND 44 SPONSORS.THE NEPC PRODUCE, FLORAL & FOOD SERVICE EXPO FLAGSHIP EVENT HELD ON AUGUST 19 AND 20, 2024, FOCUSED ON TRANSPORTATION AND SUPPLY CHAIN ISSUES. THERE WERE 160 EXHIBITORS THAT ATTENDED THE EXPO EVENT.THE NEPC ANNUAL DINNER DANCE HELD ON MARCH 25, 2024, IS STRICTLY A SOCIAL EVENT AND AN OPPORTUNITY FOR MEMBERS TO BRING THEIR SIGNIFICANT OTHER. THERE IS NO FORMAL PRESENTATIONS JUST DINNER AND DANCING.THE PURPOSE OF THE EXHIBITS AND EDUCATIONAL SESSIONS IS TO PROVIDE THE INDUSTRY ATTENDEES WITH NEW MARKETING IDEAS AND NETWORKING OPPORTUNITIES SPECIFICALLY GEARED TO PRODUCE AND FLORAL EXECUTIVES, WHICH WILL ULTIMATELY HELP THE PROMOTION AND HOPEFULLY THE CONSUMPTION OF FRESH FRUITS, VEGETABLES AND SPECIALITY ITEMS.

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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 $701,325

Investment Income $19

Other Revenue $23,789

TOTAL REVENUE $725,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $478,107

Other Expenses $548,886

TOTAL EXPENSES $548,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$725,133	$636,787	+0.1%
Expenses	$548,886	$696,039	-0.2%
Net Income	$176,247	$-59,252	-4.0%

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

N/A

Employees

N/A

Volunteers

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
TOM MURRAY	PRESIDENT	2.00	Officer Director	$0	$0	$0
BETH MCGUIRE	SECY/TREASURER	2.00	Officer Director	$0	$0	$0
DAVID DEARBORN	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG MINICHIELLO	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRUCE KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
TONY BARREIRA	DIRECTOR	1.00	Director	$0	$0	$0
KEITH FROSCENO	DIRECTOR	1.00	Director	$0	$0	$0
MARK JEWELL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STROCK	DIRECTOR	1.00	Director	$0	$0	$0
JODIE REARDON	DIRECTOR	1.00	Director	$0	$0	$0
MATT BOULANGER	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA FANION	DIRECTOR	1.00	Director	$0	$0	$0
CORRINE BARRY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS FINN	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN MORDASKY	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	$725,133	$548,886	$341,947	$176,247
2023	$636,787	$696,039	$137,021	$-59,252
2022	$544,205	$597,862	$171,896	$-53,657
2021	$374,281	$160,199	$215,661	$214,082
2020	$87,947	$261,451	$137,259	$-173,504
2019	$537,177	$511,670	$252,775	$25,507