NORTH SHORE HEALTH PROJECT INC (EIN 222978638) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

JOE CIOLINO

Phone

9782830101

Tax Period

2023-07-01 to 2024-06-30

NORTH SHORE HEALTH PROJECT INC is a 501(c)(3) with EIN 222978638, based in GLOUCESTER, MA. Founded in 1989, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $1,365,082 in total revenue and $1,368,527 in total expenses, with net assets of $176,962.

Mission

THE ORGANIZATION OFFERS A HARM REDUCTION MODEL THAT ENCOURAGES PEOPLE AFFECTED BY OR AT RISK FOR HIV, AIDS, HEPATITIS C, AND/OR SUBSTANCE USE DISORDER TO BENEFIT FROM OUR SUPPORT SERVICES, CASE MANAGEMENT AND ADVOCACY EFFORTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $129,237

Program Service Revenue $1,232,090

Investment Income $3,755

Other Revenue $0

TOTAL REVENUE $1,365,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $807,355

Fundraising Expenses $9,620

Program Expenses $1,281,499

Other Expenses $561,172

TOTAL EXPENSES $1,368,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,365,082	$1,085,497	+0.3%
Expenses	$1,368,527	$1,037,781	+0.3%
Net Income	$-3,445	$47,716	-1.1%

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

$92,266

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE CIOLINO	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT MCHUGH	TREASURER	1.00	Officer Director	$0	$0	$0
FRANK MILITELLO MA	DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL HORVATH	DIRECTOR	1.00	Officer Director	$0	$0	$0
Peter Dinigris	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD FRISCH	DIRECTOR	1.00	Director	$0	$0	$0
Yvonne Smikle MD	DIRECTOR	1.00	Director	$0	$0	$0
Sefatia Romeo Thaken	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN COVIELLO	EXECUTIVE DIRECTOR	40.00	Officer	$80,539	$11,727	$92,266
MARK VADALA	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
2025	No data	No data	No data	No data
2024	$1,365,082	$1,368,527	$1,050,809	$-3,445
2023	$1,085,497	$1,037,781	$408,540	$47,716
2022	$733,712	$771,521	$365,235	$-37,809
2021	$599,431	$575,612	$359,479	$23,819
2020	$543,897	$552,323	$221,058	$-8,426
2019	$517,989	$506,047	$222,013	$11,942
2018	$522,212	$480,274	$2,400,247	$41,938

NORTH SHORE HEALTH PROJECT INC