SALEM, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTH SHORE ALLIANCE FOR ECONOMIC DEVELOPMENT INC, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $110K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $182K exceeded revenue, resulting in a 65% operating deficit.
The North Shore Alliance for Economic Development (Alliance) is a private non-profit entity formed by businesses, institutional and goverment officials to establish a coordinated and enhanced economic, geographical(continued at supplemental information)
The Alliance's Small Business Technical Assistance and Educational Programs include: Alliance Policymakers Series, Resource Showcase for Minority Owned & Diverse Businesses, Small Business State...
The Alliance's Small Business Technical Assistance and Educational Programs include: Alliance Policymakers Series, Resource Showcase for Minority Owned & Diverse Businesses, Small Business State Resource Webinar Series, Small Business Technical Assistance Workshops/Webinars, Offshore Wind Initiative, Industry Cluster Spotlight Event with North Shore Technology Council and Massachusetts Office of Business Development Partnership Initiatives.
The Alliance commissioned the Center for Economic Development & Sustainability (CEDS) at Salem State University to produce the Future of Work -Talent Retention of College Graduates in the Region...
The Alliance commissioned the Center for Economic Development & Sustainability (CEDS) at Salem State University to produce the Future of Work -Talent Retention of College Graduates in the Region Report 2024. The Donahue Institute was commissioned to produce the Minority Owned Businesses Regional Snapshot Report 2024. The Alliance will use and share the clear and compelling data from these reports to advance its economic development efforts that promote economic sustainability and growth.
The Alliance represented the regional business community in collaborative, long-range workforce skills, transportation and land use by the following means: North Shore Small Business Diversity...
The Alliance represented the regional business community in collaborative, long-range workforce skills, transportation and land use by the following means: North Shore Small Business Diversity Directory, Priority Development Site Listing Website Landing Page Video and Updated Community Photo Library, Quarterly Economic Development Directors & Community Planners Meetings and the Alliance Policymakers Series.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $110,093 | $273,066 | -0.6% |
| Expenses | $181,889 | $396,231 | -0.5% |
| Net Income | $-71,796 | $-123,165 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL CAHILL | CHAIR | 0.00 |
Director
|
$0 | $0 | $0 |
| TED BETTENCOURT | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| DOMINICK PANGALLO | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| JIM COWDELL | VICE CHAIR | 0.00 |
Director
|
$0 | $0 | $0 |
| JOHN KEENAN | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| JO BRODERICK | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| BETH DEBSKI | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL HARRINGTON | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| ANNIE HARRIS | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| DAVID MORALES | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH O'HARA | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| MARY SARRIS | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| MIKE WHEELER | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| JARED NICHOLSON | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| KURT STEINBURG | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM HEINEMAN | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| SUE HOWLAND | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $110,093 | $181,889 | $21,434 | $-71,796 |
| 2023 | $273,066 | $396,231 | $93,230 | $-123,165 |
| 2022 | $315,522 | $129,263 | $216,395 | $186,259 |
Compare NORTH SHORE ALLIANCE FOR ECONOMIC DEVELOPMENT INC with other nonprofits in Massachusetts and across the country.