NE PROPANE FOUNDATION INC

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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

STEPHEN ROSENTEL

Phone

8884451075

Tax Period

2023-01-01 to 2023-12-31

NE PROPANE FOUNDATION INC, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum.

Mission

TO DEVELOP PROGRAMS AND PROJECTS TO ENHANCE CONSUMER AND EMPLOYEE SAFETY AND TRAINING. TO PROVIDE FOR RESEARCH AND DEVELOPMENT OF CLEAN AND EFFICIENT PROPANE UTILIZATION EQUIPMENT. TO INFORM AND EDUCATE THE PUBLIC ABOUT SAFETY AND OTHER ISSUES ASSOCIATED WITH PROPANE USAGE.

Program Service Accomplishments

Program 1

Expenses: $411,630 Revenue: $688,860

DOCKET 24085: 2023 - 2024 SAFE APPLIANCE REBATES - PROVIDED 671 SAFE APPLIANCE REBATES TO PROPANE CUSTOMERS WHO INSTALLED NEW PROPANE EQUIPMENT IN THEIR HOMES. PROGRAM REQUIRES A COMPLETE SAFETY...

DOCKET 24085: 2023 - 2024 SAFE APPLIANCE REBATES - PROVIDED 671 SAFE APPLIANCE REBATES TO PROPANE CUSTOMERS WHO INSTALLED NEW PROPANE EQUIPMENT IN THEIR HOMES. PROGRAM REQUIRES A COMPLETE SAFETY CHECK BY THEIR PROPANE PROVIDER. IN ADDITION, WE PROVIDED ANOTHER 200 REBATES TO PROPANE CUSTOMERS ON DOCKET #23463, AND ANOTHER 216 REBATES TO CUSTOMERS ON DOCKET #24256 IN 2023. EACH OF THESE PROGRAMS PROVIDED AN INCENTIVE TO INSTALL CLEAN BURNING PROPANE APPLIANCES IN THEIR HOMES AND ENSURE THAT ALL INSTALLATIONS INCLUDED A COMPLETE SAFETY CHECK ON ALL COMPONENTS.

Program 2

Expenses: $577,836 Revenue: $463,923

DOCKET 23754: 2023 EMERGENCY RESPONSE PROJECTS - PROVIDED FUNDING FOR A VAST ARRAY OF TRAINING AND SAFETY PROGRAMS RELATED TO RESPONDING TO A PROPANE EMERGENCY FOR BOTH FIREFIGHTERS AND PROPANE...

DOCKET 23754: 2023 EMERGENCY RESPONSE PROJECTS - PROVIDED FUNDING FOR A VAST ARRAY OF TRAINING AND SAFETY PROGRAMS RELATED TO RESPONDING TO A PROPANE EMERGENCY FOR BOTH FIREFIGHTERS AND PROPANE INDUSTRY PERSONNEL BY THE PGANE STAFF. THIS PROGRAM INCLUDED SCHOLARSHIPS FOR FIREFIGHTERS FOR TRAINING PROGRAMS AS WELL AS A PARTIAL SCHOLARSHIP FOR INDUSTRY PERSONNEL. EXPENSES INCLUDED THOSE RELATED TO UPGRADES TO PROPS AND EQUIPMENT, PROFESSIONAL FEES TO THE MA FIREFIGHTING ACADEMY, CLASSROOM EXPENSES INCLUDING FOOD AND SUPPLIES, AND TRAVEL EXPENSES FOR THE INSTRUCTORS. THESE PROGRAMS ARE IN HIGH DEMAND IN THE PROPANE INDUSTRY AND SERVE A VITAL NEED.

Program 3

Expenses: $125,000 Revenue: $9,505

DOCKET 24160: 2023 PGANE SAFETY AND TRAINING - THIS PROGRAM PROVIDED FUNDING TO COVER THE EXPENSES OF PGANE STAFF TO PROVIDE SAFETY AND OUTREACH ASSISTANCE TO PROPANE INDUSTRY PERSONNEL AS WELL AS...

DOCKET 24160: 2023 PGANE SAFETY AND TRAINING - THIS PROGRAM PROVIDED FUNDING TO COVER THE EXPENSES OF PGANE STAFF TO PROVIDE SAFETY AND OUTREACH ASSISTANCE TO PROPANE INDUSTRY PERSONNEL AS WELL AS CONSUMERS. THESE EXPENSES INCLUDED PGANE STAFF TIME, TRAINING TRAVEL EXPENSES AND SUPPLIES, PROJECT MANAGEMENT, AND PRINT AND MAILING EXPENSES. THE GRANT AWARDED WAS $125,000.00, AND THE PROGRAM REVENUE FROM TRAINING CLASSES WAS $9,505.00. DUE TO STAFF LIMITATIONS, THIS PROGRAM ONLY USED $78,055 OF THE FUNDING, AND THE BALANCE WAS RETURNED TO PERC.

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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 $1,162,288

Investment Income $384

Other Revenue $0

TOTAL REVENUE $1,162,672

Expense Breakdown

Grants Paid $1,114,466

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,114,466

Other Expenses $47,833

TOTAL EXPENSES $1,162,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,162,672	$696,684	+0.7%
Expenses	$1,162,299	$696,372	+0.7%
Net Income	$373	$312	+0.2%

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

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
STEVE ROSENTEL	CHAIR	0.25	Officer Director	$0	$0	$0
JESSICA BLANCHARD	DIRECTOR	0.25	Director	$0	$0	$0
JEFF HENDERSON	DIRECTOR	0.25	Director	$0	$0	$0
BILL ERMER	DIRECTOR	0.25	Director	$0	$0	$0
BILL MASSEY	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT GAUDET	TREASURER	0.25	Officer Director	$0	$0	$0
BILL CUMMINGS	DIRECTOR	0.25	Director	$0	$0	$0
BECKY NEWSOME	DIRECTOR	0.25	Director	$0	$0	$0
NICHOLAS JOHNSON	DIRECTOR	0.25	Director	$0	$0	$0
JOHN MAZEIKA	DIRECTOR	0.25	Director	$0	$0	$0
JOYCE DONNELL	DIRECTOR	0.25	Director	$0	$0	$0
VICTOR SPERRAZZA	DIRECTOR	0.25	Director	$0	$0	$0
JUDY TARANOVICH	DIRECTOR	0.25	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	$1,162,672	$1,162,299	$1,055,012	$373
2022	$696,684	$696,372	$806,403	$312
2021	$499,341	$499,117	$695,681	$224
2020	$641,222	$640,314	$372,014	$908
2019	$564,322	$563,086	$378,050	$1,236
2018	$817,007	$815,446	$601,917	$1,561