SUSTAINABLE BUSINESS NETWORK OF MASSACHUSETTS INC

EIN: 043581405 501(c)(3) Community Improvement

WAYLAND, MA

Total Revenue
$493,460
Total Expenses
$417,946
Total Assets
$156,450
Net Assets
$45,650
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MA
Principal Officer
LAURENCE F HAMMEL
Phone
5083587355
Tax Period
2023-01-01 to 2023-12-31

SUSTAINABLE BUSINESS NETWORK OF MASSACHUSETTS INC, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $493K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 15% operating margin.

Mission

THE MISSION OF THE SUSTAINABLE BUSINESS NETWORK OF MASSACHUSETTS IS TO BUILD AN ECONOMY THAT IS LOCAL, GREEN AND FAIR.OUR MISSION IS TO CREATE AN ECONOMY IN MASSACHUSETTS THAT IS SUSTAINABLE AND WE PROMOTE THE FOLLOWING BUSINESS PRACTICES:*HIGH ETHICAL STANDARDS IN BUSINESS*A MULTIPLE STAKEHOLDER BUSINESS MODEL*PRODUCTIVE AND FULFILLING WORKPLACES*BUSINESS AS A VEHICLE FOR SOCIAL JUSTICE AND ECONOMIC PROSPERITY FOR ALL*ENVIRONMENTALLY SUSTAINABLE BUSINESS PRACTICESWE WORK TO ACHIEVE OUR MISSION BY PROVIDING:*EDUCATIONAL PROGRAMS WHICH FOCUS ON BEST PRACTICES OF SOCIALLY RESPONSIBLE BUSINESS AND OTHER LEADING EDGE IDEAS*NETWORKING OPPORTUNITIES AND COMMUNITY BUILDING ACTIVITIES*SERVICE PROJECT AND OUTREACH EVENTS*TECHNICAL ASSISTANCE TO BUSINESSES IN ORDER TO HELP THEM DECREASE ENERGY COSTS AND THEIR CARBON FOOT PRINT.

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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 $408,831
Program Service Revenue $80,539
Investment Income $1,805
Other Revenue $2,285
TOTAL REVENUE $493,460

Expense Breakdown

Grants Paid $19,850
Salaries & Benefits $180,861
Fundraising Expenses $2,318
Program Expenses $270,029
Other Expenses $217,235
TOTAL EXPENSES $417,946

Year-over-Year Comparison

2023 2022 Change
Revenue $493,460 $332,795 +0.5%
Expenses $417,946 $375,564 +0.1%
Net Income $75,514 $-42,769 -2.8%
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
6
Independent Members
6
Employees
10
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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURENCE HAMMEL PRESIDENT, CLERK & EXECUTI 3.00
Officer Director
$0 $0 $0
EDWARD DUGGER TREASURER 0.50
Officer Director
$0 $0 $0
KAREN SPILLER BOARD MEMBER 0.50
Director
$0 $0 $0
ROBERT KEENER BOARD MEMBER 0.50
Director
$0 $0 $0
NICOLA WILLIAMS BOARD MEMBER 0.50
Director
$0 $0 $0
TERESA DILLON BOARD MEMBER 0.50
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 No data No data No data No data
2023 $493,460 $417,946 $156,450 $75,514
2022 $332,795 $375,564 $80,462 $-42,769
2021 $367,078 $342,735 $127,317 $24,343
2020 $165,528 $214,363 $122,317 $-48,835
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