COMMUNITY FOUNDATION OF NORTH CENTRAL MASSACHUSETTS INC

EIN: 043537449 501(c)(3) Philanthropy & Grantmaking

FITCHBURG, MA

Total Revenue
$9,751,867
Total Expenses
$6,083,844
Total Assets
$79,629,282
Net Assets
$72,008,080
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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
2001
Legal Domicile
MA
Principal Officer
STEPHEN J ADAMS
Phone
9783458383
Tax Period
2023-07-01 to 2024-06-30

COMMUNITY FOUNDATION OF NORTH CENTRAL MASSACHUSETTS INC, founded in 2001, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.7M, a strong 38% operating margin.

Mission

"AS A TRUSTED STEWARD, WE PROVIDE FLEXIBLE GIVING OPTIONS THAT SIMPLIFY THE ACHIEVEMENT OF DONORS' CHARITABLE GOALS. THROUGH DEEP KNOWLEDGE, LEADERSHIP, COLLABORATION AND GRANTMAKING, WE PROVIDE EDUCATION, GUIDANCE AND RESOURCES TO STRENGTHEN AND IMPROVE OUR COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,377,126
Program Service Revenue $115,264
Investment Income $4,289,347
Other Revenue $-29,870
TOTAL REVENUE $9,751,867

Expense Breakdown

Grants Paid $5,226,458
Salaries & Benefits $599,814
Fundraising Expenses $302,261
Program Expenses $5,343,324
Other Expenses $244,015
TOTAL EXPENSES $6,083,844

Year-over-Year Comparison

2023 2022 Change
Revenue $9,751,867 $8,936,344 +0.1%
Expenses $6,083,844 $8,035,240 -0.2%
Net Income $3,668,023 $901,104 +3.1%
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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Governance

Voting Members
19
Independent Members
18
Employees
6
Volunteers
30

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
5
$193,150
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN STONE TREASURER 2.00
Officer Director
$0 $0 $0
MIGGIE VELEZ TRUSTEE 1.00
Director
$0 $0 $0
KIMBERLY ANSIN TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM AUBUCHON IV VICE-CHAIR 2.00
Officer Director
$0 $0 $0
ATTORNEY JOHN BARRETT TRUSTEE 1.00
Director
$0 $0 $0
LESLIE GARRISON CLERK 1.00
Officer Director
$0 $0 $0
JAY DRAKE CHAIR 2.00
Officer Director
$0 $0 $0
ACHLABAHL MADAN TRUSTEE 1.00
Director
$0 $0 $0
ATTORNEY HENRI SANS TRUSTEE 1.00
Director
$0 $0 $0
DAVID MCKEEHAN TRUSTEE 1.00
Director
$0 $0 $0
ALLEN ROME TRUSTEE 1.00
Director
$0 $0 $0
THOMAS BAGLEY III VICE PRESIDENT 2.00
Director
$0 $0 $0
LUCY CROCKER ABISALIH TRUSTEE 1.00
Director
$0 $0 $0
JANET CHAMBERS TRUSTEE 1.00
Director
$0 $0 $0
GEORGANA COCHRAN TRUSTEE 2.00
Director
$0 $0 $0
BEN URQUHART TRUSTEE 1.00
Director
$0 $0 $0
GARY SHEPHERD TRUSTEE 1.00
Director
$0 $0 $0
ALICE VON LOESCKE TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN J ADAMS PRESIDENT 37.50
Officer
$177,684 $15,466 $193,150
ERIN THOMASON DIRECTOR OF PHILANTHROPY 37.50
Highest
$107,194 $5,360 $112,554
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 $9,751,867 $6,083,844 $79,629,282 $3,668,023
2023 $8,936,344 $8,035,240 $72,231,436 $901,104
2022 $10,261,158 $5,379,093 $67,231,130 $4,882,065
2021 $7,968,789 $6,712,720 $77,242,037 $1,256,069
2020 $8,610,197 $6,006,127 $57,183,727 $2,604,070
2019 $8,860,891 $4,162,326 $56,823,362 $4,698,565
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