THE EAST BOSTON FOUNDATION

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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

1998

Legal Domicile

Principal Officer

LORENE SCHETTINO ESQ

Phone

6175616336

Tax Period

2024-01-01 to 2024-12-31

THE EAST BOSTON FOUNDATION, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $695K in total revenue in fiscal year 2024.

Mission

ADDRESS SOCIOECONOMIC AND ENVIRONMENTAL IMPACTS ON THE EAST BOSTON COMMUNITY ARISING AS A RESULT OF PROJECTS, FACILITIES, AND ACTIVITIES NOW BEING CARRIED OUT AND TO BE CARRIED OUT IN THE FUTURE AT BOSTON-LOGAN INTERNATIONAL AIRPORT BY THE MASSACHUSETTS PORT AUTHORITY.

Program Service Accomplishments

Program 1

Expenses: $624,120

VARIOUS GRANTS MADE TO EAST BOSTON ORGANIZATIONS TO SUPPORT AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY.

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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 $687,000

Program Service Revenue $0

Investment Income $8,346

Other Revenue $0

TOTAL REVENUE $695,346

Expense Breakdown

Grants Paid $624,120

Salaries & Benefits $43,214

Fundraising Expenses $0

Program Expenses $624,120

Other Expenses $20,755

TOTAL EXPENSES $688,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$695,346	$697,247	0.0%
Expenses	$688,089	$502,808	+0.4%
Net Income	$7,257	$194,439	-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

N/A

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

$40,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER MARCHI	DIRECTOR	1.00	Director	$0	$0	$0
NINA GAETA COLETTA	DIRECTOR	1.00	Director	$0	$0	$0
KANNAN THIRU	DIRECTOR	1.00	Director	$0	$0	$0
JEFF DRAGO ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ARINELLA	TREASURER	1.00	Officer Director	$0	$0	$0
AUDRY NAGLE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS TASSINARI	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
GLORIBELL MOTA	TRUSTEE	1.00	Director	$0	$0	$0
FRAN CARBONE	TRUSTEE	1.00	Director	$0	$0	$0
JAMES KEARNEY	TRUSTEE	1.00	Director	$0	$0	$0
LORENE SCHETTINO	EXECUTIVE DIRECTOR	20.00	Officer	$0	$0	$40,000

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	$695,346	$688,089	$1,445,987	$7,257
2023	$697,247	$502,808	$1,483,126	$194,439
2022	$3,478	$414,476	$1,280,592	$-410,998
2021	$689,802	$781,153	$1,612,843	$-91,351
2020	$259,319	$337,680	$1,739,438	$-78,361
2019	$758,718	$524,041	$1,733,013	$234,677
2018	$713,351	$406,103	$1,438,433	$307,248