NORTH ADAMS PARTNERSHIP INC (EIN 452625578) - 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

2010

Legal Domicile

Principal Officer

DAVID MORESI

Phone

4137708476

Tax Period

2024-07-01 to 2025-06-30

NORTH ADAMS PARTNERSHIP INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $312K in total revenue in fiscal year 2024. The organization ran a surplus of $164K, a strong 53% operating margin.

Mission

TO ENHANCE THE ECONOMY OF THE CITY OF NORTH ADAMS AND ESTABLISH AND MAINTAIN THE CITY'S POSITION AS A SMALL CITY CENTER OF COMMERCE, CULTURE, EDUCATION, AND INNOVATION.

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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 $311,939

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $311,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,886

Fundraising Expenses $0

Program Expenses $115,892

Other Expenses $57,222

TOTAL EXPENSES $148,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,939	$-12,094	-26.8%
Expenses	$148,108	$415,098	-0.6%
Net Income	$163,831	$-427,192	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLAIR BENJAMIN	DIRECTOR	1.00	Director	$0	$0	$0
AMBER BESAW	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE LAMARRE	TREASURER	1.00	Officer Director	$0	$0	$0
BENJAMIN LAMB	CLERK	1.00	Officer Director	$0	$0	$0
DAVID MORESI	PRESIDENT	1.00	Officer Director	$0	$0	$0
COLEEN TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
JENNY WRIGHT	EXECUTIVE DI	43.00	Officer	$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	$311,939	$148,108	$168,472	$163,831
2018	$319,284	$136,751	$476,115	$182,533

NORTH ADAMS PARTNERSHIP INC