Classical Association of New England (EIN 046038680) - Form 990 Financial Analysis & Trantor Score

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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

1905

Principal Officer

Ruth Breindel

Phone

4015213204

Tax Period

2023-07-01 to 2024-06-30

Classical Association of New England, founded in 1905, is a micro nonprofit that reported $21K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $118K exceeded revenue, resulting in a 450% operating deficit.

Mission

Educational association to foster the study of the classical world through the associations many activities and resources, including the annual meeting, scholarships, descretionary grants, CANE's own press and New England Classical Journal.

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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 $11,284

Program Service Revenue $33,888

Investment Income $-23,697

Other Revenue $0

TOTAL REVENUE $21,475

Expense Breakdown

Grants Paid $26,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,721

Other Expenses $91,779

TOTAL EXPENSES $118,079

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,475	$99,525	-0.8%
Expenses	$118,079	$135,239	-0.1%
Net Income	$-96,604	$-35,714	+1.7%

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

N/A

Volunteers

N/A

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
Amanda Loud	President	4.00	Officer	$0	$0	$0
Kevin Balestrini	Secretary	5.00	Officer	$0	$0	$0
Ruth Breindel	Treasurer	10.00	Officer	$0	$0	$0
Roger Stone	Curator	5.00	Officer	$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
2025	No data	No data	No data	No data
2024	$21,475	$118,079	$2,178,872	$-96,604
2023	$99,525	$135,239	$2,275,476	$-35,714
2022	$212,116	$79,608	$2,311,190	$132,508
2021	$342,161	$41,790	$2,178,682	$300,371
2020	$131,030	$91,097	$1,878,311	$39,933
2019	$842,696	$119,117	$1,838,378	$723,579

Classical Association of New England