Southeastern New England Defense I… - 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

Formation Year

2002

Legal Domicile

Principal Officer

Timothy DelGiudice

Phone

4013247186

Tax Period

2024-01-01 to 2024-12-31

Southeastern New England Defense Industry Alliance, founded in 2002, is a mid-sized nonprofit in the Community Improvement sector that reported $21.6M in total revenue in fiscal year 2024.

Mission

To enable the development of critical technologies, foster thought leadership, and facilitate workforce development.

Program Service Accomplishments

Program 1

Expenses: $20,333,378 Revenue: $20,292,821

Cornerstone Other Transactions Authority (OTA) Provides program management support to regional workforce development efforts focused on trade and industrial skilled current and future workers in...

Cornerstone Other Transactions Authority (OTA) Provides program management support to regional workforce development efforts focused on trade and industrial skilled current and future workers in support of the submarine shipbuilding supply chain.

Program 2

Expenses: $335,574 Revenue: $337,915

Partnership Intermediary Agreement (PIA) - SENEDIA provides program management and technical support to Small Business Innovation Research (SBIR), Small Business Technology Transfer (STTR), and other...

Program 3

Expenses: $191,639 Revenue: $195,260

Real Jobs RI Provides program management support for workforce development efforts in support of the Defense sector internship program focused on engineering, science, IT/cyber, supply chain and...

Real Jobs RI Provides program management support for workforce development efforts in support of the Defense sector internship program focused on engineering, science, IT/cyber, supply chain and business management, and veterans. The program helps develop the pipeline of current and future defense sector workers for the Defense sector.

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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 $0

Program Service Revenue $21,576,016

Investment Income $23,143

Other Revenue $2,190

TOTAL REVENUE $21,601,349

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $600,134

Fundraising Expenses $0

Program Expenses $21,168,468

Other Expenses $20,714,724

TOTAL EXPENSES $21,322,358

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,601,349	$20,065,496	+0.1%
Expenses	$21,322,358	$19,917,141	+0.1%
Net Income	$278,991	$148,355	+0.9%

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

Total Directors

Key Employees

$80,710

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Molly Donohue Magee	Executive Director	11.00	Key Emp	$78,359	$2,351	$80,710
Richard Beretta	Director	1.00	Director	$0	$0	$0
Donald McCormack	Director	1.00	Director	$0	$0	$0
Paul Ferraro	Director	1.00	Director	$0	$0	$0
Ted Curley	Director	1.00	Director	$0	$0	$0
Chris DelMastro	Director	1.00	Director	$0	$0	$0
Courtney Murphy	Director	1.00	Director	$0	$0	$0
Chris Montferret	Director	1.00	Director	$0	$0	$0
Jon Tetrault	Director	1.00	Director	$0	$0	$0
Steve Harrison	Director	1.00	Director	$0	$0	$0
Rebecca Quintal	Director	1.00	Director	$0	$0	$0
Nick Guertin	Director	1.00	Director	$0	$0	$0
Timothy DelGiudice	Chair	2.00	Officer Director	$0	$0	$0
Kelly Mendell	Treasurer	2.00	Officer Director	$0	$0	$0
Deborah Proffitt	VP Strategy	2.00	Officer Director	$0	$0	$0
Edward Lopes	VP Infrastructure	2.00	Officer Director	$0	$0	$0
Colin McClennan	VP Membership	2.00	Officer Director	$0	$0	$0
Joe Donovan	Secretary	2.00	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
2024	$21,601,349	$21,322,358	$3,672,232	$278,991
2023	$20,065,496	$19,917,141	$2,807,755	$148,355
2022	$9,576,472	$9,479,080	$2,096,878	$97,392
2021	$9,240,701	$9,582,521	$1,374,254	$-341,820
2020	$1,053,549	$650,152	$1,159,037	$403,397
2019	$856,240	$733,507	$461,596	$122,733
2018	$860,991	$831,748	$334,123	$29,243

Southeastern New England Defense Industry Alliance