NORTH SHORE PADDLERS NETWORK INC

EIN: 043547409 501(c)(3) Environment

READING, MA

Total Revenue
$7,192
Total Expenses
$5,811
Total Assets
$14,132
Net Assets
$14,132
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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
2003
Legal Domicile
MA
Principal Officer
Michael Habich
Phone
9789692016
Tax Period
2021-01-01 to 2021-12-31

NORTH SHORE PADDLERS NETWORK INC, founded in 2003, is a micro nonprofit in the Environment sector that reported $7K in total revenue in fiscal year 2021. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1K, a strong 19% operating margin.

Mission

KAYAK INSTRUCTION

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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 (2021)

Revenue Breakdown

Contributions & Grants $3,905
Program Service Revenue $3,280
Investment Income $7
Other Revenue $0
TOTAL REVENUE $7,192

Expense Breakdown

Grants Paid $500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,474
Other Expenses $5,311
TOTAL EXPENSES $5,811

Year-over-Year Comparison

2021 2020 Change
Revenue $7,192 $3,851 +0.9%
Expenses $5,811 $3,676 +0.6%
Net Income $1,381 $175 +6.9%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
20

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Folster President 2
Officer Director
$0 $0 $0
Michael Habich Treasurer 4
Officer Director
$0 $0 $0
Sue Hriciga Clerk 1
Officer Director
$0 $0 $0
Gary York Director 1
Director
$0 $0 $0
Jeff Charette Director 1
Director
$0 $0 $0
Pablo DeTorres Director 1
Director
$0 $0 $0
Jim Snyder Director 1
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
2021 $7,192 $5,811 $14,132 $1,381
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