Technology Association of New England

EIN: 237399637

New Gloucester, ME

Total Revenue
$248,574
Total Expenses
$246,072
Total Assets
$356,471
Net Assets
$284,775
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NH
Principal Officer
Suzanne Reed
Phone
2076715437
Tax Period
2023-11-01 to 2024-10-31

Technology Association of New England, founded in 1975, is a small nonprofit that reported $249K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

The Association (TANE) is dedicated to being an educational platform for the regional membership. The objective is to bring the members together to collaborate on regulatory, legislative, operational, and technical challenges that face the rural broadband and telecommunications industry.

Program Service Accomplishments

Program 1

The TANE/NYSTA Issues Forum, held annually in February, provides a purpose of learning about national and regional issues that have an impact on the operations of its members. The venue's location...

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The TANE/NYSTA Issues Forum, held annually in February, provides a purpose of learning about national and regional issues that have an impact on the operations of its members. The venue's location alternates between eastern New York and Central New England with TANE responsible for hosting on even years. The 2023 event was led by NYSTA in Saratoga New York February 2023 under the auspices of NYSTA via Zoom. The event includes the association's telco members, and associates (vendor communities) to attend as well. In 2023, registration was approximately 135 attendees.TANE hosts and annual Accounting and Finance seminar each year ( month might vary) that includes update on the latest accounting practices and provides the opportunity for CLE credits for our members. This is both in person and virtual and has approximately 25 attendees.TANE hosts an annual Spring Symposium in April that includes a speaker program and exhibitor showcase. This is geared toward the technical area of the business. This event averages approximately 140 attendees.TANE hosts an annual business meeting and convention each November. The event includes business meeting, speaker program along with an exhibitor showcase. This event averages approximately 100 attendees.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $235,263
Investment Income $13,311
Other Revenue $0
TOTAL REVENUE $248,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,085
Fundraising Expenses $0
Other Expenses $194,987
TOTAL EXPENSES $246,072

Year-over-Year Comparison

2023 2022 Change
Revenue $248,574 $201,116 +0.2%
Expenses $246,072 $199,751 +0.2%
Net Income $2,502 $1,365 +0.8%
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

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Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
10

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
4
$39,600
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Suzanne Reed President 5.00
Officer Director
$0 $0 $0
Mark DePerrior Treasurer 5.00
Officer Director
$0 $0 $0
Pamela Holley Secretary 2.00
Officer Director
$0 $0 $0
Scott Brooks Board Member 2.00
Director
$0 $0 $0
Kimberly Gates Board Member 2.00
Director
$0 $0 $0
Maureen Hopkins Board Member 2.00
Director
$0 $0 $0
April Metivier Board Member 5.00
Director
$0 $0 $0
Roger Nishi Board Member 5.00
Director
$0 $0 $0
Christian Rand Board Member 2.00
Director
$0 $0 $0
Susan Rand-King Board Member 5.00
Director
$0 $0 $0
Michael Reed Executive Vice President 25.00
Officer
$39,600 $0 $39,600
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 $248,574 $246,072 $356,471 $2,502
2023 $201,116 $199,751 $302,844 $1,365
2019 $228,531 $232,773 $302,306 $-4,242
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