Danvers, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)North Shore Community College Foundation Inc, founded in 1983, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 16% operating deficit.
The mission of The North Shore Community College Foundation, Inc. is to secure resources to promote, improve and maintain access to a high-quality education. The North Shore Community College Foundation sees higher education as a catalyst and an agent of change for individuals, families and communities. It envisions a community that recognizes the importance of educational opportunities and assures positive educational outcomes are accessible to all, regardless of economic or any other circumstance.
VARIOUS GRANTS RECEIVED FOR THE BENEFIT OF THE NORTH SHORE COMMUNITY COLLEGE AND PAID TO THE COLLEGE AS REQUIRED BY THE DONOR.
SCHOLARSHIPS AWARDED TO STUDENTS OF NORTH SHORE COMMUNITY COLLEGE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,119,453 | $1,938,474 | -0.4% |
| Expenses | $1,299,793 | $1,978,251 | -0.3% |
| Net Income | $-180,340 | $-39,777 | +3.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| WILLIAM HEINEMAN | President | 1.0 |
Director
|
$0 | $83,520 | $335,005 |
| john fouhy | PRESIDENT | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Laura Kurzrok | First VICE PRESIDENT | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Lyn Kaplan | Second Vice president | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| tucker mcdonald | Treasurer | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Mary Sarris | Clerk | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| bruce daniels | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| barbara heinemann | director | 1.0 |
Director
|
$0 | $0 | $0 |
| DAVID HENRY | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| mark anthony hunter | director | 1.0 |
Director
|
$0 | $0 | $0 |
| David Mack | director | 1.0 |
Director
|
$0 | $0 | $0 |
| brian mason | director | 1.0 |
Director
|
$0 | $0 | $0 |
| joseph riley | director | 1.0 |
Director
|
$0 | $0 | $0 |
| shari sagan mcguirk | director | 1.0 |
Director
|
$0 | $0 | $0 |
| stephen vesey | director | 1.0 |
Director
|
$0 | $0 | $0 |
| Richard Yagjian | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Jazmin Rodriquez | Student Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,119,453 | $1,299,793 | $16,151,325 | $-180,340 |
| 2024 | $1,938,474 | $1,978,251 | $15,150,334 | $-39,777 |
| 2023 | $2,871,168 | $1,155,216 | $13,803,921 | $1,715,952 |
| 2022 | $5,346,444 | $1,009,144 | $11,075,370 | $4,337,300 |
| 2021 | $1,522,635 | $1,462,651 | $12,316,907 | $59,984 |
| 2020 | $1,012,899 | $908,424 | $10,347,530 | $104,475 |
| 2019 | $1,508,076 | $690,456 | $9,976,122 | $817,620 |
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