NORTH SHORE ALLIANCE FOR ECONOMIC DEVELOPMENT INC (EIN 264232076) - 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

2008

Legal Domicile

Principal Officer

Michael Cahill

Phone

9787444430

Tax Period

2023-07-01 to 2024-06-30

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.

Mission

North Shore Alliance for Economic Development, Inc. was formed by business and institutional officials to create increased economic opportunity in the thirty communities that comprise Boston's North Shore.

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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 $110,000

Program Service Revenue $0

Investment Income $93

Other Revenue $0

TOTAL REVENUE $110,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $172,938

Other Expenses $181,889

TOTAL EXPENSES $181,889

Year-over-Year Comparison

	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%

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MICHAEL CAHILL	CHAIR	Director	$0	$0	$0
TED BETTENCOURT	DIRECTOR	Director	$0	$0	$0
DOMINICK PANGALLO	DIRECTOR	Director	$0	$0	$0
JIM COWDELL	VICE CHAIR	Director	$0	$0	$0
JOHN KEENAN	DIRECTOR	Director	$0	$0	$0
JO BRODERICK	DIRECTOR	Director	$0	$0	$0
BETH DEBSKI	DIRECTOR	Director	$0	$0	$0
MICHAEL HARRINGTON	DIRECTOR	Director	$0	$0	$0
ANNIE HARRIS	DIRECTOR	Director	$0	$0	$0
DAVID MORALES	DIRECTOR	Director	$0	$0	$0
ELIZABETH O'HARA	DIRECTOR	Director	$0	$0	$0
MARY SARRIS	DIRECTOR	Director	$0	$0	$0
MIKE WHEELER	DIRECTOR	Director	$0	$0	$0
JARED NICHOLSON	DIRECTOR	Director	$0	$0	$0
KURT STEINBURG	DIRECTOR	Director	$0	$0	$0
WILLIAM HEINEMAN	DIRECTOR	Director	$0	$0	$0
SUE HOWLAND	DIRECTOR	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	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

NORTH SHORE ALLIANCE FOR ECONOMIC DEVELOPMENT INC