SECURED FINANCE NETWORK NEW ENGLAND CHAPTER INC

EIN: 200616483 Community Improvement

WOBURN, MA

Total Revenue
$113,568
Total Expenses
$132,346
Total Assets
$181,191
Net Assets
$181,191
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MA
Principal Officer
ERIC BOOKBINDER
Phone
6179947357
Tax Period
2023-01-01 to 2023-12-31

SECURED FINANCE NETWORK NEW ENGLAND CHAPTER INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $114K in total revenue in fiscal year 2023. Expenses of $132K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROMOTE, THROUGH EDUCATION, THE SOUND DEVELOPMENT OF THE ASSET-BASED FINANCIAL SERVICES INDUSTRY AND TO ENCOURAGE THE ASSOCIATION'S MEMBERS, AND THEIR PERSONNEL, IN THE PERFORMANCE OF THEIR SOCIAL AND COMMUNITY RESPONSIBILITIES.

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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 $93,605
Program Service Revenue $0
Investment Income $0
Other Revenue $19,963
TOTAL REVENUE $113,568

Expense Breakdown

Grants Paid $100,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $32,346
TOTAL EXPENSES $132,346

Year-over-Year Comparison

2023 2022 Change
Revenue $113,568 $112,845 +0.0%
Expenses $132,346 $27,906 +3.7%
Net Income $-18,778 $84,939 -1.2%
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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Governance

Voting Members
16
Independent Members
N/A
Employees
N/A
Volunteers
16

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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK HALEY DIRECTOR 1.00
Director
$0 $0 $0
ERIC BOOKBINDER PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID PHELPS DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE HUTCHINSON DIRECTOR 1.00
Director
$0 $0 $0
IAN WILLARD DIRECTOR 1.00
Director
$0 $0 $0
DAN MCCARTHY PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
MARADITH MARKHAM-BURNS ADMINISTRATOR 1.00
Director
$0 $0 $0
DANIELLE BALDINELLI VICE PRESIDENT & TREASURER 1.00
Officer Director
$0 $0 $0
JEFF GIUNTA DIRECTOR 1.00
Director
$0 $0 $0
GRAHAM HOLDING DIRECTOR 1.00
Director
$0 $0 $0
JARRAD HERZOG GOLF COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
YVONNE KIZNER DIRECTOR 1.00
Director
$0 $0 $0
RICH NORBERG DIRECTOR 1.00
Director
$0 $0 $0
JOHNPAUL NUZZO DIRECTOR 1.00
Director
$0 $0 $0
CAITLIN SANDERS DIRECTOR 1.00
Director
$0 $0 $0
WADE SLECZKOWSKI DIRECTOR 1.00
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 No data No data No data No data
2023 $113,568 $132,346 $181,191 $-18,778
2022 $112,845 $27,906 $199,969 $84,939
2021 $90,825 $100,415 $115,030 $-9,590
2018 $96,394 $91,390 $53,059 $5,004
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