NORTHEAST CT ECONOMIC ALLIANCE INC (EIN 061263432) - 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

1990

Legal Domicile

Principal Officer

SHAWN JOHNSTON

Phone

8604655141

Tax Period

2023-07-01 to 2024-06-30

NORTHEAST CT ECONOMIC ALLIANCE INC, founded in 1990, is a micro nonprofit that reported $23K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $35K exceeded revenue, resulting in a 54% operating deficit.

Mission

TO PROMOTE, STIMULATE, STRENGTHEN, AND EXPAND THE ECONOMIC DEVELOPMENT OF NORTHEASTERN CONNECTICUT BY PROVIDING LOANS, RESOURCES, CONSULTING AND BUSINESS NETWORKING.

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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 $0

Program Service Revenue $20,702

Investment Income $1,937

Other Revenue $0

TOTAL REVENUE $22,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,916

Fundraising Expenses $0

Program Expenses $32,103

Other Expenses $17,002

TOTAL EXPENSES $34,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,639	$16,384	+0.4%
Expenses	$34,918	$40,194	-0.1%
Net Income	$-12,279	$-23,810	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER A ADAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
NEREIDA BRAASCH	DIRECTOR	2.00	Director	$0	$0	$0
GAIL BRUHN	TREASURER	3.00	Officer Director	$0	$0	$0
F PETER CASARELLA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM JOBBAGY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SHAWN JOHNSTON	CHAIR	4.00	Officer Director	$0	$0	$0
GARY D LAVIGNE	DIRECTOR	2.00	Director	$0	$0	$0
LINDA RIQUIER	DIRECTOR	3.00	Director	$0	$0	$0
JOANNE S TODD	DIRECTOR	2.00	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	$22,639	$34,918	$436,674	$-12,279
2023	$16,384	$40,194	$461,772	$-23,810
2022	$14,600	$39,470	$494,496	$-24,870
2021	$19,887	$41,817	$530,904	$-21,930
2020	$22,914	$59,626	$556,369	$-36,712
2019	$36,800	$76,874	$605,098	$-40,074

NORTHEAST CT ECONOMIC ALLIANCE INC