NORTHEASTERN RESOURCES DEVELOPMENT CORP (EIN 232430202) - 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

1986

Legal Domicile

Principal Officer

JENNIFER WARABAK

Phone

5708256464

Tax Period

2023-01-01 to 2023-12-31

NORTHEASTERN RESOURCES DEVELOPMENT CORP, founded in 1986, is a small nonprofit in the Human Services sector that reported $534K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $5.9M represent 132 months of operating reserves.

Mission

IMPROVE SERVICE DELIVERY TO LOW-INCOME PERSONS AND SUPPORT COLLEGE ENTRY BY LOW-INCOME YOUTHS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $375,134

Program Service Revenue $0

Investment Income $154,302

Other Revenue $4,080

TOTAL REVENUE $533,516

Expense Breakdown

Grants Paid $133,540

Salaries & Benefits $187,590

Fundraising Expenses $133,467

Program Expenses $359,576

Other Expenses $68,071

TOTAL EXPENSES $522,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$533,516	$478,599	+0.1%
Expenses	$522,668	$514,129	+0.0%
Net Income	$10,848	$-35,530	-1.3%

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

Governance

Voting Members

Independent Members

Employees

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

$39,449

Total Directors

$39,449

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH CARMODY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOSEPH VULLO	SECRETARY	1.00	Officer Director	$0	$0	$0
ATTORNEY THOMAS KENNEDY	DIRECTOR	1.00	Officer Director	$0	$0	$0
FRANK CROSSIN	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DAVID RITTER	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JENNIFER WARABAK	PRESIDENT	10.00	Officer Director	$39,449	$0	$39,449

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
2024	No data	No data	No data	No data
2023	$533,516	$522,668	$6,425,842	$10,848
2022	$478,599	$514,129	$5,980,746	$-35,530
2021	$628,623	$428,947	$6,504,945	$199,676
2020	$754,881	$457,266	$5,505,187	$297,615
2019	$394,995	$430,163	$5,256,171	$-35,168
2018	$392,731	$450,310	$4,444,836	$-57,579

NORTHEASTERN RESOURCES DEVELOPMENT CORP