NEW ENGLAND SCIENCE & SAILING FOUNDATION INC (EIN 300245251) - 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

2004

Legal Domicile

Principal Officer

MICHAEL LOBDELL

Phone

8605359362

Tax Period

2024-01-01 to 2024-12-31

NEW ENGLAND SCIENCE & SAILING FOUNDATION INC, founded in 2004, is a community nonprofit in the Recreation & Sports sector that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE FIRST PROGRAM OF ITS KIND, NESS IS ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES (NEASC). NESS OFFERS A STEM- BASED CURRICULUM THAT BUILDS LEADERSHIP, TEAMWORK, CONFIDENCE, AND PROBLEM-SOLVING SKILLS THROUGH MARINE SCIENCE, SAILING, POWER BOATING, AND ADVENTURE SPORTS. EXPERIENTIAL LEARNING IS AT THE CORE OF OUR APPROACH, FOSTERING STUDENT ENGAGEMENT AND AGENCY THROUGH HANDS-ON ACTIVITIES AND REFLECTIVE PRACTICE. EVERY NESS LESSON IS DESIGNED TO SUPPORT POSITIVE SOCIAL-EMOTIONAL LEARNING AND ACADEMIC OUTCOMES, CAPITALIZING ON THE INHERENT BENEFITS OF EXPERIENTIAL LEARNING. OUR PASSIONATE EDUCATORS STRIVE TO CULTIVATE A LOVE FOR LEARNING AND EMPOWER STUDENTS TO TAKE OWNERSHIP OF THEIR EDUCATIONAL JOURNEY, REINFORCING CLASSROOM STUDIES AND NURTURING LIFELONG LEARNING SKILLS. THESE STRATEGIES ARE ESPECIALLY CRUCIAL FOR YOUNG ADOLESCENTS TRANSITIONING FROM THE FAMILIAR TERRAIN OF ELEMENTARY SCHOOL TO THE MORE COMPLEX LANDSCAPE OF HIGH SCHOOL, WHERE THOUGHTS OF FUTUR

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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 $2,222,649

Program Service Revenue $1,841,358

Investment Income $3,286

Other Revenue $39,700

TOTAL REVENUE $4,106,993

Expense Breakdown

Grants Paid $726,683

Salaries & Benefits $2,408,559

Fundraising Expenses $380,808

Program Expenses $3,308,779

Other Expenses $972,788

TOTAL EXPENSES $4,108,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,106,993	$3,562,102	+0.2%
Expenses	$4,108,030	$3,904,829	+0.1%
Net Income	$-1,037	$-342,727	-1.0%

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

$146,686

Total Directors

$146,686

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ERIC ISSELHARDT	CEO	40.00	Officer Director	$146,686	$0	$146,686
KATHERINE BALLARD	DIRECTOR	2.00	Director	$0	$0	$0
ALLEGRA GRIFFITHS	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HENNESSY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL SAVAGE	DIRECTOR	2.00	Director	$0	$0	$0
PETER WILD	DIRECTOR	2.00	Director	$0	$0	$0
BILL FOLLETT	DIRECTOR	2.00	Director	$0	$0	$0
CAL BUXTON	DIRECTOR	2.00	Director	$0	$0	$0
DR STEVEN ADAMOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
BRAD AGLE	DIRECTOR	2.00	Director	$0	$0	$0
HELEN GARTEN	DIRECTOR	2.00	Director	$0	$0	$0
CARTER GOWRIE	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN GINEO	DIRECTOR	2.00	Director	$0	$0	$0
YVETTE RAMOS	DIRECTOR	2.00	Director	$0	$0	$0
JANE LEIPOLD	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN COSTELLO	DIRECTOR	2.00	Director	$0	$0	$0
DR STEPHEN LARCEN	DIRECTOR	2.00	Director	$0	$0	$0
STEVE HAZARD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL LOBDELL	PRESIDENT &	2.00	Officer Director	$0	$0	$0
MARK ADAMS	BOARD CHAIR	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	$4,106,993	$4,108,030	$5,629,315	$-1,037
2023	$3,562,102	$3,904,829	$5,371,275	$-342,727
2022	$4,082,474	$3,954,282	$5,888,909	$128,192
2021	$3,618,390	$2,913,629	$5,613,617	$704,761
2020	$2,698,770	$2,966,920	$4,886,018	$-268,150
2019	$3,309,950	$3,420,010	$5,196,542	$-110,060
2018	$3,213,541	$3,378,718	$5,266,478	$-165,177

NEW ENGLAND SCIENCE & SAILING FOUNDATION INC