ECONOMIC CORPORATION OF NEWPORT INC (EIN 223259325) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

PAUL BROWN

Phone

6038631360

Tax Period

2024-07-01 to 2025-06-30

ECONOMIC CORPORATION OF NEWPORT INC, founded in 1991, is a micro nonprofit in the Community Improvement sector that reported $72K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $41K, a strong 58% operating margin.

Mission

DEVELOP A PLAN FOR ECONOMIC DEVELOPMENT IN NEWPORT, NH, TO PROVIDE THE FOUNDATION FOR STRENGTHENING THE LOCAL ECONOMY AND TO PROMOTE A FAVORABLE CLIMATE FOR ECONOMIC GROWTH OVER AN EXTENDED PERIOD OF TIME, INCLUDING SUPPORTING JOB CREATION OPPORTUNITIES FOR LOW TO MODERATE INCOME PERSONS IN THE NEWPORT, NH AREA THORUGH THE RECRUITMENT OF NEW BUSINESSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $20,547

Program Service Revenue $10,000

Investment Income $41,001

Other Revenue $0

TOTAL REVENUE $71,548

Expense Breakdown

Grants Paid $20,496

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,274

Other Expenses $9,778

TOTAL EXPENSES $30,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,548	$84,921	-0.2%
Expenses	$30,274	$68,278	-0.6%
Net Income	$41,274	$16,643	+1.5%

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
BRIAN HUOT	DIRECTOR	0.00	Director	$0	$0	$0
JAMES BURROUGHS	DIRECTOR	0.00	Director	$0	$0	$0
KAREN DOUCETTE	DIRECTOR	0.00	Director	$0	$0	$0
KATE LUPPOLD	DIRECTOR	0.00	Director	$0	$0	$0
KRISTIE HOWE	DIRECTOR	0.00	Director	$0	$0	$0
KYLE HARRIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK PITKIN	DIRECTOR	0.00	Director	$0	$0	$0
PAUL BROWN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RANDALL CLARK	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD BATES	SECRETARY	1.00	Officer Director	$0	$0	$0
SHANNON MACMICHAEL	DIRECTOR	0.00	Director	$0	$0	$0
TERRY DORR	TREASURER	1.00	Officer 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	$71,548	$30,274	$1,862,192	$41,274
2024	No data	No data	No data	No data
2023	$-120,797	$269,294	$1,732,606	$-390,091
2022	$69,662	$101,496	$2,169,980	$-31,834
2021	$26,846	$81,651	$2,374,387	$-54,805
2020	$61,467	$50,196	$2,429,126	$11,271

ECONOMIC CORPORATION OF NEWPORT INC