NECTAR COMMUNITY INVESTMENTS 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

2001

Legal Domicile

Principal Officer

GLYNN LLOYD

Phone

9782582772

Tax Period

2024-01-01 to 2024-12-31

NECTAR COMMUNITY INVESTMENTS INC, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $6.7M in total revenue in fiscal year 2024. Expenses of $5.9M left a modest 13% surplus.

Mission

GROW THE ASSETS AND WEALTH OF HISTORICALLY DISINVESTED INDIVIDUALS AND THEIR COMMUNITIES BY PROVIDING A COMBINATION OF ROBUST ADVICE, RESOURCED NETWORKS AND CAPITAL IN THE MERRIMACK VALLEY AND ACROSS MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $2,173,270 Revenue: $997,963

THE ORGANIZATION PROVIDES BOTH CAPITAL AND ADVISORY SERVICES TO ENABLE UNDERSERVED BUSINESS OWNERS TO REACH THEIR FULL POTENTIAL AND BUILD WEALTH FOR THE OWNERS, FAMILIES, AND COMMUNITIES. THE...

THE ORGANIZATION PROVIDES BOTH CAPITAL AND ADVISORY SERVICES TO ENABLE UNDERSERVED BUSINESS OWNERS TO REACH THEIR FULL POTENTIAL AND BUILD WEALTH FOR THE OWNERS, FAMILIES, AND COMMUNITIES. THE ORGANIZATION OFFERS A RANGE OF LOW-COST, FLEXIBLE SMALL BUSINESS DEBT AND EQUITY CAPITAL PRODUCTS WITH TRAINING AND TECHNICAL ASSISTANCE THAT ADDRESS KEY FINANCING CHALLENGES.

Program 2

Expenses: $1,615,177 Revenue: $429,980

THE ORGANIZATION'S RESIDENTIAL LENDING PROGRAMS HELP HOMEOWNERS IMPROVE THE HEALTH AND QUALITY OF THEIR HOMES THROUGH A SUSTAINABLE LENS. LENDING PRODUCTS OFFERED ASSIST HOMEOWNERS WITH REPAIRS, LEAD REMOVAL, AND ENERGY-EFFICIENT UPGRADES NEEDED TO HELP TRANSITION THEIR HOMES TO CLEAN ENERGY.

Program 3

Expenses: $674,949

THE ORGANIZATION OPERATES THE BUSINESS EQUITY INITIATIVE (BEI) PROGRAM, WHICH PROVIDES BLACK AND LATINX BUSINESS OWNERS WITH QUALITY HIGH TOUCH ADVISORY SERVICES DEVELOPING BUSINESS OWNERS WITH A...

THE ORGANIZATION OPERATES THE BUSINESS EQUITY INITIATIVE (BEI) PROGRAM, WHICH PROVIDES BLACK AND LATINX BUSINESS OWNERS WITH QUALITY HIGH TOUCH ADVISORY SERVICES DEVELOPING BUSINESS OWNERS WITH A TRACK RECORD AND GROWTH TRAJECTORY POTENTIAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,080,382

Program Service Revenue $1,135,908

Investment Income $237,048

Other Revenue $292,035

TOTAL REVENUE $6,745,373

Expense Breakdown

Grants Paid $584,650

Salaries & Benefits $1,865,571

Fundraising Expenses $0

Program Expenses $4,463,396

Other Expenses $3,449,764

TOTAL EXPENSES $5,899,985

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,745,373	$6,574,062	+0.0%
Expenses	$5,899,985	$5,652,803	+0.0%
Net Income	$845,388	$921,259	-0.1%

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

Governance

Voting Members

Independent Members

Employees

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

$383,194

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABBOTT LAWRENCE	DIRECTOR	5.00	Director	$0	$0	$0
ABEL VARGAS	CLERK	5.00	Officer Director	$0	$0	$0
ARLEEN ZORRILA	OUTGOING DIRECTOR	5.00	Director	$0	$0	$0
DANIEL RIVERA	DIRECTOR	5.00	Director	$0	$0	$0
KRISTEN HAROL	OUTGOING DIRECTOR	5.00	Director	$0	$0	$0
LISA KOZOL	TREASURER	5.00	Officer Director	$0	$0	$0
LISA TORISSI	OUTGOING DIRECTOR	5.00	Director	$0	$0	$0
MALIA LAZU	PRESIDENT	5.00	Officer Director	$0	$0	$0
MATTHEW HANSON	DIRECTOR	5.00	Director	$0	$0	$0
MICHELE WITTS	DIRECTOR	5.00	Director	$0	$0	$0
NANCY STAGER	DIRECTOR	5.00	Director	$0	$0	$0
ORLANDO WATKINS	DIRECTOR	5.00	Director	$0	$0	$0
QUINCY MILLER	DIRECTOR	5.00	Director	$0	$0	$0
YUN-JU CHOI	OUTGOING DIRECTOR	5.00	Director	$0	$0	$0
DAN PLOWDEN	CFO	40.00	Officer	$150,669	$2,550	$153,219
GLYNN LLOYD	EXECUTIVE DIRECTOR	40.00	Officer	$214,120	$15,855	$229,975
AARON LACKMAN	COMMERCIAL LENDING	40.00	Highest	$112,038	$12,695	$124,733
ALEXANDRA NOVA	COO	40.00	Highest	$143,064	$5,817	$148,881
LISSETTE PAUKERT	RESIDENTIAL SERVICES DIRECTOR	40.00	Highest	$100,091	$28,064	$128,155

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	$6,745,373	$5,899,985	$24,176,225	$845,388
2023	$6,574,062	$5,652,803	$20,012,349	$921,259
2022	$8,158,806	$3,434,867	$14,450,665	$4,723,939
2021	$3,489,371	$1,400,254	$8,334,796	$2,089,117
2020	$1,121,359	$1,271,365	$5,666,466	$-150,006
2019	$2,572,408	$2,805,032	$4,519,661	$-232,624
2018	$1,335,777	$1,047,587	$6,277,930	$288,190