Needham Crossing Improvement Corp (EIN 462894248) - 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

ERIC D SCHLAGER

Phone

7817074123

Tax Period

2024-07-01 to 2025-06-30

Needham Crossing Improvement Corp, founded in 2013, is a micro nonprofit in the Community Improvement sector that reported $23K in total revenue in fiscal year 2024. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8K, a strong 35% operating margin.

Mission

TO PROMOTE THE COMMON INTEREST OF ITS MEMBERS BY IMPROVING THE BUSINESS CONDITIONS OF NEEDHAM CROSSING, IN NEEDHAM, MASSACHUSETTS.

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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 $0

Investment Income $22,915

Other Revenue $0

TOTAL REVENUE $22,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $15,001

TOTAL EXPENSES $15,001

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,915	$9,321	+1.5%
Expenses	$15,001	$7,714	+0.9%
Net Income	$7,914	$1,607	+3.9%

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	Role	Reportable Comp	Other Comp	Total
ERIC D SCHLAGER	CHAIRMAN & DIRECTOR	Officer Director	$0	$0	$0
ROBERT A SCHLAGER	VICE PRESIDENT & DIRECTOR	Officer Director	$0	$0	$0
MARK R DIORIO	CLERK & DIRECTOR	Officer Director	$0	$0	$0
LISA HOGARTY	PRESIDENT & DIRECTOR	Officer Director	$0	$0	$0
COLLEEN OLSON	VICE PRESIDENT & DIRECTOR	Officer Director	$0	$0	$0
MICHAEL ANDRE	ASST CLERK & DIRECTOR	Officer Director	$0	$0	$0
MICHAEL WILCOX	TREASURER	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	$22,915	$15,001	$608,270	$7,914
2024	$9,321	$7,714	$600,356	$1,607
2023	$1,076	$14,457	$598,749	$-13,381
2022	No data	$32,462	$612,130	No data
2021	No data	$6,074	$644,592	No data
2020	$8,000	$50,786	$650,666	$-42,786
2019	No data	$50,203	$693,452	No data

Needham Crossing Improvement Corp