NORTHEASTERN REGIONAL ASSOCIATION … - 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

2008

Legal Domicile

Principal Officer

RHONDA MONIZ

Phone

6033191785

Tax Period

2023-10-01 to 2024-09-30

NORTHEASTERN REGIONAL ASSOCIATION OF COASTAL OCEAN OBSERVING SYSTEMS, founded in 2008, is a community nonprofit in the Science & Technology sector that reported $5.4M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $5.0M left a modest 7% surplus.

Mission

THE NORTHEASTERN REGIONAL ASSOCIATION OF COASTAL AND OCEAN OBSERVING SYSTEMS' (NERACOOS) MISSION IS TO PRODUCE, INTEGRATE AND COMMUNICATE HIGH- QUALITY INFORMATION THAT HELPS ENSURE SAFETY, ECONOMIC AND ENVIRONMENTAL RESILIENCE, AND SUSTAINABLE USE OF THE COASTAL OCEAN.

Program Service Accomplishments

Program 1

Expenses: $4,700,448

NERACOOS MONITORS THE OCEAN IN THE NORTHEASTERN REGION, AN AREA THAT STRETCHES FROM THE GULF OF MAINE TO LONG ISLAND SOUND. THIS IS A LARGE, DYNAMIC ENVIRONMENT THAT CHANGES CONTINUOUSLY. PEOPLE WHO WORK AND PLAY ON THE WATER, AS WELL AS THOSE WHO LIVE IN COASTAL COMMUNITIES, DEPEND ON THE DATA AND FORECASTS WE PROVIDE TO MAKE SOUND DECISIONS. PEOPLE USE OUR PRODUCTS TO DECIDE WHEN TO BRING LARGE OIL TANKERS INTO PORT, WHERE TO GO FOR THE BEST WAVES FOR SURFING, AND WHETHER IT'S SAFE TO GO FISHING. IN ADDITION, SCIENTISTS AND METEOROLOGISTS USE OUR DATA TO BETTER UNDERSTAND AND PREDICT WHAT'S HAPPENING IN THE OCEAN - SUCH AS STORMS, SEA-LEVEL CHANGE, ANIMAL MIGRATIONS, AND HARMFUL ALGAE BLOOMS. WE DELIVER ALL THIS INFORMATION TO HELP PROTECT LIVES AND PROPERTY, EMPOWER COASTAL ECONOMIES, AND IMPROVE THE HEALTH OF OUR OCEANS.

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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 $5,356,849

Program Service Revenue $0

Investment Income $776

Other Revenue $0

TOTAL REVENUE $5,357,625

Expense Breakdown

Grants Paid $3,508,038

Salaries & Benefits $1,080,654

Fundraising Expenses $17,067

Program Expenses $4,700,448

Other Expenses $407,233

TOTAL EXPENSES $4,995,925

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,357,625	$4,416,158	+0.2%
Expenses	$4,995,925	$4,188,152	+0.2%
Net Income	$361,700	$228,006	+0.6%

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

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

$400,974

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAKE KRITZER	EXECUTIVE DI	40.00	Officer	$189,319	$31,013	$220,332
ROB CARDEIRO	FINANCE DIRE	40.00	Officer	$160,466	$20,176	$180,642
RHONDA MONIZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
NICOLE BARTLETT	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CHRISTIAN WILLIAMS	TREASURER	2.00	Officer Director	$0	$0	$0
PRASSEDE VELLA	SECRETARY	2.00	Officer Director	$0	$0	$0
LARRY ALADE	DIRECTOR	1.00	Director	$0	$0	$0
JANET DUFFY-ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
SHAYLA FITZSIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
DIANE FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LOHRENZ	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
JIM O'DONNELL	DIRECTOR	1.00	Director	$0	$0	$0
NEAL PETTIGREW	DIRECTOR	1.00	Director	$0	$0	$0
HUNG PHAM	DIRECTOR	1.00	Director	$0	$0	$0
ALECK WANG	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA PETERS	DIRECTOR	1.00	Director	$0	$0	$0
JANE SAWYERS	DIRECTOR	1.00	Director	$0	$0	$0
KATIE O'BRIEN CLAYTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WU	DIRECTOR	1.00	Director	$0	$0	$0
ARCHIE TODD MORRISON III PHD	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE MOTYKA	STRATEGY DIR	40.00	Highest	$103,569	$5,178	$108,747

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	$5,357,625	$4,995,925	$1,609,554	$361,700
2023	$4,416,158	$4,188,152	$983,680	$228,006
2022	$5,263,995	$5,207,987	$1,473,276	$56,008
2021	$3,843,145	$3,920,885	$603,712	$-77,740
2020	$3,195,054	$3,228,747	$1,225,651	$-33,693
2019	$3,414,622	$3,317,765	$989,007	$96,857
2018	$3,215,605	$3,190,182	$752,188	$25,423

NORTHEASTERN REGIONAL ASSOCIATION OF COASTAL OCEAN OBSERVING SYSTEMS