NORTH SHORE BUSINESS ENTERPRISE CEN (EIN 411814231) - 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

1955

Legal Domicile

Principal Officer

LAUREL UDENBERG

Phone

2188343384

Tax Period

2025-01-01 to 2025-12-31

NORTH SHORE BUSINESS ENTERPRISE CEN, founded in 1955, is a small nonprofit in the Community Improvement sector that reported $162K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. Net assets of $798K represent 59 months of operating reserves.

Mission

ENHANCE ECONOMIC CLIMATE OF AREA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $9,472

Program Service Revenue $123,611

Investment Income $12,953

Other Revenue $15,638

TOTAL REVENUE $161,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,208

Other Expenses $165,454

TOTAL EXPENSES $165,454

Year-over-Year Comparison

	2025	2024	Change
Revenue	$161,674	$221,179	-0.3%
Expenses	$165,454	$160,380	+0.0%
Net Income	$-3,780	$60,799	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSE AMESBURY	DIRECTOR	1.00	Director	$0	$0	$0
KEN CAVALLIN	DIRECTOR	1.00	Director	$0	$0	$0
TERRI MCDANNOLD	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
DENNIS MOEN	VICE-CHAIRMA	1.00	Officer Director	$0	$0	$0
LAUREL UDENBERG	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
RANDY WILLERT	DIRECTOR	1.00	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
2025	$161,674	$165,454	$798,479	$-3,780
2024	$221,179	$160,380	$802,259	$60,799
2023	$93,958	$128,628	$741,460	$-34,670
2022	$104,328	$153,528	$776,130	$-49,200
2021	$123,410	$142,146	$825,330	$-18,736
2020	$109,446	$149,771	$844,066	$-40,325
2019	$367,971	$388,756	$884,391	$-20,785
2018	$105,763	$115,517	$905,084	$-9,754

NORTH SHORE BUSINESS ENTERPRISE CEN