SECURED FINANCE NETWORK NEW ENGLAN… - Form 990 Financial Data

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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

2004

Legal Domicile

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.

Program Service Accomplishments

Program 1

SUPPORTING YOUNG MEN AND WOMEN IN THE BOSTON AREA THROUGH SPIRITUAL, EDUCATIONAL AND ATHLETIC TRAINING BY RAISING AND DONATING MONEY TO ORGANIZATIONS WHO SUPPORT THE ABOVE MISSION.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

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

SECURED FINANCE NETWORK NEW ENGLAND CHAPTER INC