NORTHEAST COLLEGE OF HEALTH SCIENCES (EIN 131916574) - 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

1919

Legal Domicile

Principal Officer

DR MICHAEL MESTAN

Phone

3155683000

Tax Period

2024-09-01 to 2025-08-31

NORTHEAST COLLEGE OF HEALTH SCIENCES, founded in 1919, is a mid-sized nonprofit in the Education sector that reported $25.7M in total revenue in fiscal year 2024. Net assets of $75.8M represent 35 months of operating reserves.

Mission

NORTHEAST COLLEGE OF HEALTH SCIENCES IS COMMITTED TO ACADEMIC EXCELLENCE, LEADERSHIP, AND PROFESSIONAL BEST PRACTICES IN THE HEALTH SCIENCES.

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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 $470,155

Program Service Revenue $20,082,949

Investment Income $5,113,431

Other Revenue $69,873

TOTAL REVENUE $25,736,408

Expense Breakdown

Grants Paid $660,036

Salaries & Benefits $16,165,340

Fundraising Expenses $146,404

Program Expenses $19,896,159

Other Expenses $9,329,518

TOTAL EXPENSES $26,154,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,736,408	$25,849,664	0.0%
Expenses	$26,154,894	$24,527,516	+0.1%
Net Income	$-418,486	$1,322,148	-1.3%

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

Governance

Voting Members

Independent Members

Employees

403

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

$1,024,983

Total Directors

$523,868

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MICHAEL MESTAN	PRESIDENT	40.00	Officer Director	$422,685	$101,183	$523,868
DR RICK ROSA	TRUSTEE, CHAIR	1.00	Director	$0	$0	$0
DR DAVID BENNETT	TRUSTEE	1.00	Director	$0	$0	$0
MR TIMOTHY BROWN	TRUSTEE (UNTIL JUNE 2025)	1.00	Director	$0	$0	$0
DR JOANNE CANCRO	TRUSTEE (UNTIL OCTOBER 2024)	1.00	Director	$0	$0	$0
MS ABIGAIL CARAG	TRUSTEE	1.00	Director	$0	$0	$0
DR LOUIS CRIVELLI II	TRUSTEE	1.00	Director	$0	$0	$0
MS MARGARET FERBER	TRUSTEE (UNTIL JANUARY 2025)	1.00	Director	$0	$0	$0
DR SUSAN FRIES GARRIS	TRUSTEE	1.00	Director	$0	$0	$0
MR RANDALL GENTZLER	TRUSTEE	1.00	Director	$0	$0	$0
DR ASHOK GOWDA	TRUSTEE	1.00	Director	$0	$0	$0
DR KEVIN MARRYSHOW	TRUSTEE	1.00	Director	$0	$0	$0
DR ELAINA PIRRO-LOMBARDI	TRUSTEE	1.00	Director	$0	$0	$0
MS VIRGINIA ROBBINS	TRUSTEE	1.00	Director	$0	$0	$0
DR SHERYL RUSSELL	TRUSTEE	1.00	Director	$0	$0	$0
DR JULIE SCARANO	TRUSTEE	1.00	Director	$0	$0	$0
DR CHARLES VENTRESCA	TRUSTEE	1.00	Director	$0	$0	$0
DR ANNE KILLEN	PROVOST & VP OF ACADEMIC AFFAIRS	40.00	Officer	$220,081	$50,795	$270,876
MS KAREN QUEST	VP OF FINANCE	40.00	Officer	$214,101	$16,138	$230,239
MS AMIE REDMOND	VP OF ENROLL MGMT & STUDENT AFFAIRS	40.00	Highest	$174,271	$24,810	$199,081
DR ROBERT RUDDY	ASSISTANT PROFESSOR	40.00	Highest	$151,443	$40,196	$191,639
DR JAMES KNUDSEN	VP OF STAKEHOLDER ENGAGEMENT	40.00	Highest	$148,200	$41,247	$189,447
MS COLLEEN BRENNAN-BARRY	VP OF MARKETING AND COMMUN	40.00	Highest	$160,431	$26,881	$187,312
MR CHRISTOPHER MCQUEENEY	VP OF ADMINISTRATIVE SERVICES	40.00	Highest	$161,750	$12,467	$174,217

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	$25,736,408	$26,154,894	$90,666,591	$-418,486
2024	$25,849,664	$24,527,516	$91,996,737	$1,322,148
2023	$22,211,254	$23,519,518	$85,339,811	$-1,308,264
2022	$23,816,443	$21,233,403	$84,603,959	$2,583,040
2021	$23,499,627	$21,984,702	$98,681,082	$1,514,925
2020	$26,384,869	$25,429,660	$84,178,033	$955,209
2019	$28,969,314	$28,286,095	$82,947,842	$683,219
2018	$30,000,600	$28,750,523	$86,335,935	$1,250,077

NORTHEAST COLLEGE OF HEALTH SCIENCES