FROZEN & REFRIGERATED ASSOC OF THE NORTHEAST INC

EIN: 046058421

MANCHESTER, CT

Total Revenue
$84,000
Total Expenses
$66,496
Total Assets
$113,579
Net Assets
$113,522
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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
1958
Legal Domicile
CT
Principal Officer
MOLLY DEVANNEY
Phone
2035977215
Tax Period
2023-10-01 to 2024-09-30

FROZEN & REFRIGERATED ASSOC OF THE NORTHEAST INC, founded in 1958, is a micro nonprofit that reported $84K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $18K, a strong 21% operating margin.

Mission

TO SUPPORT THE FROZEN, REFRIGERATED AND FRESH FOODS MEMBERS OF OUR INDUSTRY BY PROVIDING INFORMATION, PROGRAMS AND FORUMS THAT ULTIMATELY INCREASE AWARENESS AND CONSUMPTION OF THE PRODUCTS OUR MEMBERS' REPRESENT WITHIN THE TRADE AND TO THEIR FINAL CONSUMER. ACCOMPLISHED IN MANY WAYS, BUT ALWAYS ADHERING TO THE THREE CORE PRINCIPLES OF OUR ORGANIZATION - ADDING BUSINESS VALUE, EDUCATIONAL SUPPORT, AND GIVING BACK TO OUR MEMBERS AND THE COMMUNITIES WE SERVE.

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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 $15,450
Program Service Revenue $2,020
Investment Income $12,356
Other Revenue $54,174
TOTAL REVENUE $84,000

Expense Breakdown

Grants Paid $30,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $64,592
Other Expenses $36,496
TOTAL EXPENSES $66,496

Year-over-Year Comparison

2023 2022 Change
Revenue $84,000 $73,306 +0.1%
Expenses $66,496 $80,913 -0.2%
Net Income $17,504 $-7,607 -3.3%
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
25
Independent Members
25
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON ADAMS VICE-CHAIR N/A
Officer Director
$0 $0 $0
JOEL BRISSENDEN IMMEDIATE PA N/A
Officer Director
$0 $0 $0
MOLLY DEVANNEY TREASURER N/A
Officer Director
$0 $0 $0
ROBERT MELFI CO-CHAIR N/A
Officer Director
$0 $0 $0
JAMES WALSH CHAIRPERSON N/A
Officer 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
2025 No data No data No data No data
2024 $84,000 $66,496 $113,579 $17,504
2023 $73,306 $80,913 $95,180 $-7,607
2022 $86,545 $84,698 $110,135 $1,847
2021 $99,104 $86,742 $113,159 $12,362
2020 $136,859 $145,637 $116,957 $-8,778
2019 $143,617 $149,755 $127,301 $-6,138
2018 $135,518 $156,139 $107,619 $-20,621
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