AIR CONDITIONING ASSOCIATION OF NE… - Form 990 Financial Data

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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

Principal Officer

JOEL BOUCHER

Phone

3012589210

Tax Period

2024-07-01 to 2025-06-30

AIR CONDITIONING ASSOCIATION OF NEW ENGLAND is a small nonprofit in the Community Improvement sector that reported $307K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 21% operating margin.

Mission

PROVIDE ASSISTANCE TO THE HEATING, AIR CONDITIONING AND REFRIGERATION (HVACR) INDUSTRY IN THE FORM OF BUSINESS MEETINGS AND EDUCATIONAL SEMINARS.

Program Service Accomplishments

Program 1

PROVIDE ASSISTANCE TO THE HEATING, AIR CONDITIONING AND REFRIGERATION (HVACR) INDUSTRY IN THE FORM OF BUSINESS MEETINGS AND EDUCATIONAL SEMINARS.

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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 $33,530

Program Service Revenue $236,393

Investment Income $67

Other Revenue $37,346

TOTAL REVENUE $307,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $242,961

TOTAL EXPENSES $242,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,336	$234,901	+0.3%
Expenses	$242,961	$221,956	+0.1%
Net Income	$64,375	$12,945	+4.0%

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

$11,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS MORIN	DIRECTOR	1.00	Director	$11,400	$0	$11,400
CHAD BARIL	DIRECTOR	1.00	Director	$0	$0	$0
MANNY CHAVES	DIRECTOR	1.00	Director	$0	$0	$0
TODD COOK	DIRECTOR	1.00	Director	$0	$0	$0
DAVE CADORETTE	DIRECTOR	1.00	Director	$0	$0	$0
PETER DONATI	DIRECTOR	1.00	Director	$0	$0	$0
TOM FAVAZZA	DIRECTOR	1.00	Director	$0	$0	$0
RICK POTHIER	DIRECTOR	1.00	Director	$0	$0	$0
LEO SHARKEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SINCLAIRE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
ROGER WILLETT	NNE REP	1.00	Director	$0	$0	$0
DON CHAISSON	DIRECTOR EME	1.00	Director	$0	$0	$0
DAVID KERRIGAN	BOARD ADVISO	1.00	Officer Director	$0	$0	$0
RICK BARKER	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE CAPPUCCIO	FIRST VICE P	1.00	Officer Director	$0	$0	$0
MIKE BRIGGS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOEL BOUCHER	PRESIDENT	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	$307,336	$242,961	$100,849	$64,375
2024	$247,214	$227,296	$73,472	$19,918
2023	$191,181	$197,228	$80,338	$-6,047
2022	$181,646	$182,773	$99,497	$-1,127

AIR CONDITIONING ASSOCIATION OF NEW ENGLAND