NEW ENGLAND CENTER FOR ARTS & TECHNOLOGY INC (EIN 272441203) - 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

2010

Legal Domicile

Principal Officer

MAARTEN HEMSLEY

Tax Period

2023-01-01 to 2023-12-31

NEW ENGLAND CENTER FOR ARTS & TECHNOLOGY INC, founded in 2010, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

COMMITTED TO PROVIDING CHRONICALLY UNEMPLOYED ADULTS WITH A PATHWAY TO STABLE, LONG-TERM EMPLOYMENT IN THE FOOD SERVICE INDUSTRY THROUGH COMPREHENSIVE TECHNICAL & JOB READINESS TRAINING WITH INDIVIDUALIZED SUPPORT & EMPLOYMENT SERVICES.

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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 $2,040,146

Program Service Revenue $457,816

Investment Income $1,111

Other Revenue $79,252

TOTAL REVENUE $2,578,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,214,517

Fundraising Expenses $303,439

Program Expenses $1,492,970

Other Expenses $1,304,665

TOTAL EXPENSES $2,549,182

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,578,325	$2,132,610	+0.2%
Expenses	$2,549,182	$2,292,569	+0.1%
Net Income	$29,143	$-159,959	-1.2%

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

$160,074

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPHINE CUZZI	EXECUTIVE DIRECTOR	40.00	Officer	$150,001	$0	$150,001
NANCY MCGEOGHEGAN	DEVELOPMENT DIRECTOR	40.00	Highest	$110,000	$5,680	$115,680
JOHN-DAVID GARCIA	EXECUTIVE DIRECTOR	40.00	Officer	$10,073	$0	$10,073
JIMMY HILLS	DIRECTOR	1.00	Director	$0	$0	$0
FOLEY IBIDAPO	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA HEMSLEY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW HENKE	DIRECTOR	1.00	Director	$0	$0	$0
T NICOLAS JOHN	DIRECTOR	1.00	Director	$0	$0	$0
DAN SCULLY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM STRICKLAND	DIRECTOR HONORARY	0.00	Director	$0	$0	$0
JOANN MASSARO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ROTHSCHILD	DIRECTOR	1.00	Director	$0	$0	$0
SASHA COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEN CORCORAN	DIRECTOR	1.00	Director	$0	$0	$0
RICK CATINO	DIRECTORTREASURER	1.00	Director	$0	$0	$0
COURTNEY BELL	DIRECTOR	1.00	Director	$0	$0	$0
KINO BILLON	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN GOLDRICK	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR DANA GONSAL	DIRECTOR	1.00	Director	$0	$0	$0
EMERSON FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
ISAAC GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
MAARTEN HEMSLEY	PRESIDENT	11.00	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	No data	No data	No data	No data
2023	$2,578,325	$2,549,182	$2,196,267	$29,143
2022	$2,132,610	$2,292,569	$2,427,294	$-159,959
2021	$1,814,877	$2,088,800	$1,352,101	$-273,923
2020	$2,375,585	$2,154,817	$1,678,287	$220,768
2019	$2,222,416	$2,228,116	$1,489,557	$-5,700
2018	$1,974,127	$2,033,682	$1,507,583	$-59,555

NEW ENGLAND CENTER FOR ARTS & TECHNOLOGY INC