ATTLEBORO CORPORATE CENTER ASSOCIATION INC

EIN: 204094844 Food, Agriculture & Nutrition

ATTLEBORO, MA

Total Revenue
$6,751,926
Total Expenses
$6,713,421
Total Assets
$146,559
Net Assets
$-108,318
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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
2006
Legal Domicile
MA
Principal Officer
CHUCK CORNEAU
Phone
5082366001
Tax Period
2024-01-01 to 2024-12-31

ATTLEBORO CORPORATE CENTER ASSOCIATION INC, founded in 2006, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $6.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE ATTLEBORO CORPORATE CENTER ASSOCIATION, INC (ACCA) WAS ORGANIZED TO BE OPERATED AS A COOPERATIVE TO MANAGE THE PUBLIC UTILITIES INCLUDING THE ELECTRICAL DISTRIBUTION SYSTEM FOR THE BENEFIT OF THE MEMBERS OF THE ACCA. ALL OWNERS OF REAL ESTATE LOCATED IN THE ATTLEBORO CORPORATE CENTER ARE SUBJECT TO THE AUTHORITY OF THE ACCA. PURSUANT TO THE BY-LAWS AND THE AMENDED AND RESTATED DECLARATION OF EASEMENTS (DECLARATION), THE MEMBERS ELECTED A BOARD OF DIRECTORS. IT IS THE RESPONSIBILITY OF THE ACCA TO OVERSEE THE OPERATION, CARE, UPKEEP AND MAINTENANCE OF THE COMMON AREAS AND THE INFRASTRUCTURE AS DEFINED BY THE DECLARATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,466,926
Investment Income $0
Other Revenue $285,000
TOTAL REVENUE $6,751,926

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,706,414
Other Expenses $6,713,421
TOTAL EXPENSES $6,713,421

Year-over-Year Comparison

2024 2023 Change
Revenue $6,751,926 $5,807,624 +0.2%
Expenses $6,713,421 $5,752,964 +0.2%
Net Income $38,505 $54,660 -0.3%
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

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Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK CORNEAU President 2.00
Officer Director
$0 $0 $0
LEIGH FONTES Director 2.00
Director
$0 $0 $0
MATTHEW W SHWACHMAN Treasurer 2.00
Officer Director
$0 $0 $0
KEVIN FOLAN Director 2.00
Director
$0 $0 $0
DAVID DURGIN Director 2.00
Director
$0 $0 $0
BARRY MURCHIE Director 2.00
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
2025 No data No data No data No data
2024 $6,751,926 $6,713,421 $146,559 $38,505
2023 $5,807,624 $5,752,964 $131,177 $54,660
2022 $6,470,436 $6,415,338 $115,509 $55,098
2021 $6,024,289 $5,952,576 $92,995 $71,713
2020 $6,214,260 $6,269,584 $67,070 $-55,324
2019 $6,581,917 $6,608,080 $128,096 $-26,163
2018 $6,331,253 $6,380,892 $143,615 $-49,639
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