NEW ENGLAND INNOCENCE PROJECT

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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

CHERYL SCHAFFER

Phone

6179450762

Tax Period

2025-01-01 to 2025-12-31

NEW ENGLAND INNOCENCE PROJECT, founded in 2004, is a community nonprofit in the Crime & Legal sector that reported $4.5M in total revenue in fiscal year 2025. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 41% operating margin.

Mission

TO CORRECT AND PREVENT WRONGFUL CONVICTIONS AND PROVIDE SUPPORT FOR THOSE FREED AFTER WRONGFUL INCARCERATION.

Program Service Accomplishments

Program 1

Expenses: $1,944,189 Revenue: $0

THE NEW ENGLAND INNOCENCE PROJECT PROVIDES PRO BONO LEGAL REPRESENTATION TO PEOPLE WHO HAVE BEEN WRONGFULLY CONVICTED IN CONNECTICUT, MAINE, MASSACHUSETTS, NEW HAMPSHIRE, RHODE ISLAND AND VERMONT. IN ADDITION TO FREEING THE INNOCENT, NEIP RAISES PUBLIC AWARENESS OF THE PREVALENCE, CAUSES, AND COSTS OF WRONGFUL CONVICTIONS, AND ADVOCATES FOR REFORMS THAT WILL REDUCE THEIR INCIDENCE. NEIP ALSO PROVIDES SUPPORT TO PEOPLE WHO HAVE BEEN WRONGFULLY CONVICTED OR SUFFERED LONG-TERM INCARCERATION THROUGH THE "EXONEREE NETWORK". THE ORGANIZATION IS PRIMARILY FUNDED THROUGH GIFTS, GRANTS AND CONTRIBUTIONS AND SUBSTANTIAL AMOUNTS OF CONTRIBUTED SERVICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $4,450,347

Program Service Revenue $0

Investment Income $71,003

Other Revenue $-26,543

TOTAL REVENUE $4,494,807

Expense Breakdown

Grants Paid $256,369

Salaries & Benefits $1,892,936

Fundraising Expenses $267,457

Program Expenses $1,944,189

Other Expenses $493,052

TOTAL EXPENSES $2,642,357

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,494,807	$2,018,095	+1.2%
Expenses	$2,642,357	$2,459,848	+0.1%
Net Income	$1,852,450	$-441,753	-5.2%

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

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

$128,782

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID M SIEGEL	CHAIR	4.00	Officer Director	$0	$0	$0
CHERYL SCHAFFER	TREASURER	4.00	Officer Director	$0	$0	$0
DANIEL MEDWED	CLERK	2.00	Officer Director	$0	$0	$0
DR GARY BAILEY	TRUSTEE	1.00	Director	$0	$0	$0
ERIKA BARBER	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT FOXWORTH	TRUSTEE	1.00	Director	$0	$0	$0
LISA M KAVANAUGH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MEIER	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE COLLYMORE	TRUSTEE	1.00	Director	$0	$0	$0
RADHA NATARAJAN	EXECUTIVE DIRECTOR	40.00	Officer	$125,054	$3,728	$128,782
STEPHANIE HARTUNG	SENIOR STAFF ATTORNEY	40.00	Highest	$117,421	$26,088	$143,509
KARI CINCOTTA	SUPERVISING ATTORNEY	40.00	Highest	$117,421	$4,872	$122,293
CYNTHIA MOUSSEAU	STAFF ATTORNEY	40.00	Highest	$104,337	$3,111	$107,448
LAURA CAREY	STAFF ATTORNEY	40.00	Highest	$104,337	$28,436	$132,773
GINA CHRISTO	DIRECTOR OF DEVELOPMENT	40.00	Highest	$109,576	$13,163	$122,739

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	$4,494,807	$2,642,357	$4,369,690	$1,852,450
2024	$2,018,095	$2,459,848	$2,695,984	$-441,753
2023	$1,983,538	$2,268,501	$3,109,585	$-284,963
2022	$2,378,497	$1,786,146	$3,425,910	$592,351
2021	$1,673,126	$1,227,112	$2,258,744	$446,014
2020	$1,200,192	$825,377	$1,779,626	$374,815
2019	$1,135,565	$670,181	$1,399,945	$465,384
2018	$855,284	$289,794	$919,487	$565,490