NEW ENGLAND STEAM CORPORATION (EIN 461459338) - 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

2013

Legal Domicile

Principal Officer

WILLIAM ALEXANDER

Phone

2072235435

Tax Period

2023-07-01 to 2024-06-30

NEW ENGLAND STEAM CORPORATION, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $63K in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 58% operating margin.

Mission

NEW ENGLAND STEAM CORPORATION WAS FORMED TO PRESERVE, RESTORE, AND OPERATE MAINLINE STEAM LOCOMOTIVES IN THE NEW ENGLAND AREA. EFFORTS ARE GEARED TOWARDS EDUCATING THE GENERAL PUBLIC OF THE CONTRIBUTIONS MADE BY STEAM LOCOMOTIVES, OPERATING CREWS, AND THEIR SUPPORT STRUCTURE TO THE INDUSTRIAL STRENGTH OF AMERICA THROUGH HANDS ON AND IN-PERSON INTERATCTION WITH THE LIVE OPERATING STEAM TECHNOLOGY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $61,186

Program Service Revenue $0

Investment Income $2,387

Other Revenue $-585

TOTAL REVENUE $62,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $67

Program Expenses $24,389

Other Expenses $26,576

TOTAL EXPENSES $26,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,988	$29,498	+1.1%
Expenses	$26,576	$15,201	+0.7%
Net Income	$36,412	$14,297	+1.5%

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
WILLIAM ALEXANDER	TREASURER	10.00	Officer Director	$0	$0	$0
DAVID BUCZKOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT DEWACTHNER	DIRECTOR	10.00	Director	$0	$0	$0
LEVERETT FERNALD	PRESIDENT	10.00	Officer Director	$0	$0	$0
RUDY GARBELY	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN HEBERT	DIRECTOR	5.00	Director	$0	$0	$0
PETER VIOLETTE	SECRETARY	3.00	Officer 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	No data	No data	No data	No data
2024	$62,988	$26,576	$675,165	$36,412
2023	$29,498	$15,201	$638,753	$14,297
2022	$136,123	$22,305	$624,987	$113,818
2021	$105,646	$30,086	$510,745	$75,560

NEW ENGLAND STEAM CORPORATION