THE NEW ENGLAND CHAPTER OF CORENET GLOBAL INC C/O THE BERMAN GROUP (EIN 455135357) - 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

2012

Legal Domicile

Principal Officer

KEN PAPETTI

Phone

2124507300

Tax Period

2024-04-01 to 2025-03-31

THE NEW ENGLAND CHAPTER OF CORENET GLOBAL INC C/O THE BERMAN GROUP, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $784K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $935K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO CONNECT GROUPS OF PROFESSIONALS, END USERS AND SERVICE PROVIDERS IN CORPORATE REAL ESTATE AND CORPORATE INFRASTRUCTURE MANAGEMENT TO ADVANCE THEIR KNOWLEDGE, PROMOTE MISSION PERSONAL EXCELLENCE AND ADD VALUE TO EACH INDIVIDUAL AND THEIR RESPECTIVE ENTERPRISES.

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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 $0

Program Service Revenue $784,279

Investment Income $0

Other Revenue $0

TOTAL REVENUE $784,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $934,941

Other Expenses $934,941

TOTAL EXPENSES $934,941

Year-over-Year Comparison

	2024	2023	Change
Revenue	$784,279	$852,282	-0.1%
Expenses	$934,941	$899,101	+0.0%
Net Income	$-150,662	$-46,819	+2.2%

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

100

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

$134,884

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM FANDREY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JACQUELINE FALLA	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
KEN PAPETTI	TREASURER	1.00	Officer Director	$0	$0	$0
GABRIELLE HARVEY	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTIN POULIN	CHEIF TALENT OFFICER	1.00	Officer Director	$0	$0	$0
LAURIE BOEHL	DIRECTOR	1.00	Director	$0	$0	$0
VARUNEE BETTS-KOSOWAN	DIRECTOR	1.00	Director	$0	$0	$0
BETH CHOULAS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN ELIAS	DIRECTOR	1.00	Director	$0	$0	$0
DIANE CURRIER	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA LENEHAN	DIRECTOR	1.00	Director	$0	$0	$0
MARISA FAVA	DIRECTOR	1.00	Director	$0	$0	$0
TARAN GRIGSBY	DIRECTOR	1.00	Director	$0	$0	$0
MONICA JUAN	DIRECTOR	1.00	Director	$0	$0	$0
DENISE PIED	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE SANFORD	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WALSH	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN ENRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE WEINER	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA GUCCIARDI	DIRECTOR	1.00	Director	$0	$0	$0
KARYN HOUDE	EXECUTIVE DIRECTOR	1.00	Director	$0	$12,988	$134,884

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	$784,279	$934,941	$674,705	$-150,662
2024	$852,282	$899,101	$825,367	$-46,819
2023	$411,730	$407,425	$872,186	$4,305
2022	$449,462	$505,923	$867,881	$-56,461
2021	$336,636	$348,837	$926,371	$-12,201
2020	$1,017,643	$870,866	$940,918	$146,777
2019	$773,143	$820,827	$822,766	$-47,684
2018	$936,294	$988,497	$837,450	$-52,203

THE NEW ENGLAND CHAPTER OF CORENET GLOBAL INC C/O THE BERMAN GROUP