NORTHEAST ENTREPRENEUR FUND INC (EIN 363566632) - 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

1989

Legal Domicile

Principal Officer

SHAWN WELLNITZ

Phone

2186235747

Tax Period

2024-01-01 to 2024-12-31

NORTHEAST ENTREPRENEUR FUND INC, founded in 1989, is a mid-sized nonprofit that reported $20.6M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.0M, a strong 34% operating margin.

Mission

TO ADVANCE COMMUNITY ECONOMIC DEVELOPMENT IN RURAL AND UNDERSERVED COMMUNITIES.

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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 $16,455,222

Program Service Revenue $3,517,557

Investment Income $621,949

Other Revenue $2,500

TOTAL REVENUE $20,597,228

Expense Breakdown

Grants Paid $552,718

Salaries & Benefits $4,210,259

Fundraising Expenses $300,795

Program Expenses $12,502,694

Other Expenses $8,830,330

TOTAL EXPENSES $13,593,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,597,228	$12,753,094	+0.6%
Expenses	$13,593,307	$7,770,279	+0.7%
Net Income	$7,003,921	$4,982,815	+0.4%

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

$570,456

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM ZASTROW	TREASURER	2.50	Officer Director	$0	$0	$0
TABITHA BEIBER	TREASURER (THRU 8/31)	1.00	Officer Director	$0	$0	$0
CRYSTAL ROHDE	CHAIR	1.00	Officer Director	$0	$0	$0
ARIK FORSMAN	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN ERICKSON KELLIN	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN GOSLIN	DIRECTOR (THRU 8/31)	1.00	Director	$0	$0	$0
DAVID MANION	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PADILLA	DIRECTOR (THRU 8/31)	1.00	Director	$0	$0	$0
JAKE ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
DIANE WEBER	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN WELLNITZ	CEO/PRESIDENT	40.00	Officer	$251,274	$12,266	$263,540
KURT THOMPSON	COO	40.00	Officer	$154,212	$20,642	$174,854
CARLA TICHY	DIR. OF ACCOUNTING AND COMPLIANCE	40.00	Officer	$109,668	$22,394	$132,062
MICHAEL LATTERY	DIR. OF BUSINESS FINANCE	40.00	Highest	$156,431	$21,424	$177,855
ROBERT SJOSTRAND JR	DIR. OF BUSINESS SERVICES	40.00	Highest	$108,048	$7,340	$115,388
ZACHARY HOY	CREDIT MANAGER	40.00	Highest	$114,634	$22,308	$136,942

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	$20,597,228	$13,593,307	$83,445,384	$7,003,921
2023	$12,753,094	$7,770,279	$70,821,340	$4,982,815
2022	$13,045,758	$7,187,889	$67,902,279	$5,857,869
2021	$11,454,205	$6,122,809	$61,578,010	$5,331,396
2020	$10,003,829	$4,820,484	$46,345,806	$5,183,345
2019	$4,855,453	$3,474,488	$27,924,129	$1,380,965
2018	$3,823,202	$3,003,814	$23,365,139	$819,388

NORTHEAST ENTREPRENEUR FUND INC