PEOPLE INCORPORATED NMTC SUPPORT CORPORATION (EIN 332755905) - 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

2025

Legal Domicile

Principal Officer

MEGAN STIRK

Phone

5086795233

Tax Period

2024-07-01 to 2025-06-30

PEOPLE INCORPORATED NMTC SUPPORT CORPORATION, founded in 2025, is a community nonprofit in the Public & Societal Benefit sector that reported $2.4M in total revenue in fiscal year 2024.

Mission

PEOPLE INCORPORATED NMTC SUPPORT CORPORATION (SUPPORT CORP) WAS FORMED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS AS A NOT-FOR-PROFIT ORGANIZATION ON JANUARY 8, 2025. THE SPECIFIC OBJECTIVES OF SUPPORT CORP ARE TO OWN, LEASE, AND MAINTAIN APPROXIMATELY 19,800 SQUARE FEET OF COMMERCIAL SPACE FOR THE EARLY EDUCATION CENTER LOCATED AT 145 WEAVER STREET IN FALL RIVER, MASSACHUSETTS (THE PROJECT). THE NEW MARKET TAX CREDIT (NMTC) STRUCTURE REQUIRES SUPPORT CORP TO RENT 100% OF THE COMMERCIAL SPACE TO PEOPLE, INCORPORATED (PEOPLE) TO PROMOTE ITS MISSION OF PROVIDING SERVICES TO THE CITIZENS OF FALL RIVER, MASSACHUSETTS. SUPPORT CORP WAS ORGANIZED TO ENGAGE IN CHARITABLE ACTIVITIES THAT COMPLEMENT AND SUPPORT THE CHARITABLE ACTIVITIES OF PEOPLE.

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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 $2,403,308

Program Service Revenue $0

Investment Income $1,186

Other Revenue $0

TOTAL REVENUE $2,404,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,404,494	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	N/A	N/A

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

$638,229

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON RUA	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHEELAGH BEAULIEU	TREASURER	1.00	Officer Director	$0	$0	$0
RENEE ST JOHN	CLERK	1.00	Officer Director	$0	$0	$0
MEGAN STIRK	PRESIDENT/CEO	1.00	Officer	$0	$40,117	$348,982
ELIZABETH MACHADO	COO	1.00	Officer	$0	$41,533	$289,247

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	$2,404,494	No data	$9,654,494	No data

PEOPLE INCORPORATED NMTC SUPPORT CORPORATION