THE NEW ENGLAND STATES GOVERNMENT FINANCE OFFICERS ASSOCIATION INC (EIN 061581382) - 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

2000

Legal Domicile

Principal Officer

CHERYL FOURNIER

Phone

7817948035

Tax Period

2024-09-01 to 2025-08-31

THE NEW ENGLAND STATES GOVERNMENT FINANCE OFFICERS ASSOCIATION INC, founded in 2000, is a small nonprofit in the Human Services sector that reported $413K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 40% operating margin.

Mission

TO IMPROVE THE METHODS OF STATE AND MUNICIPAL FINANCE BY PROMOTING UNIFORMITY IN ACCOUNTING AND REPORTING, PROMOTING UNIFORMITY IN ACCOUNTING AND REPORTING PROMOTING GENERAL PRINCIPLES AND EFFICIENCY AND PROMOTING GENERAL EDUCATION PROGRAMS.

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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 $201,845

Program Service Revenue $205,801

Investment Income $5,003

Other Revenue $0

TOTAL REVENUE $412,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,600

Fundraising Expenses $0

Other Expenses $236,934

TOTAL EXPENSES $246,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$412,649	$269,953	+0.5%
Expenses	$246,534	$311,634	-0.2%
Net Income	$166,115	$-41,681	-5.0%

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

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

$9,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA HANCOCK	PRESIDENT	5.00	Officer Director	$0	$0	$0
ELLEN SANDBORN	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ABBIE SHERMAN	FIRST VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
RANDY ROSSI	SECOND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHERYL FOURNIER	TREASURER	3.00	Officer Director	$0	$0	$0
CHERYL LINDBERG	SECRETARY	3.00	Officer Director	$0	$0	$0
JULI MILLET	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN RAPOSA	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY ST GELAIS	DIRECTOR	1.00	Director	$0	$0	$0
ROB BUDEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK FLEISHCER	DIRECTOR	1.00	Director	$0	$0	$0
MICHEAL GAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN CAMPO	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GESUALDI	DIRECTOR	1.00	Director	$0	$0	$0
CAROL PRATT	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA ALDIERI	DIRECTOR	1.00	Director	$0	$0	$0
SARAH WOOD	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY LORD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DELANO	EXECUTIVE DIRECTOR	4.00	Officer	$9,600	$0	$9,600

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	$412,649	$246,534	$450,230	$166,115
2024	$269,953	$311,634	$238,541	$-41,681
2023	$360,653	$279,516	$269,022	$81,137
2022	$185,154	$51,029	$193,485	$134,125
2021	$18,770	$7,769	$56,860	$11,001
2020	$51,596	$221,300	$45,859	$-169,704
2019	$333,563	$409,531	$215,563	$-75,968
2018	$339,425	$240,435	$299,031	$98,990

THE NEW ENGLAND STATES GOVERNMENT FINANCE OFFICERS ASSOCIATION INC