Lowell, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)UTEC Hub Inc, founded in 2015, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $40K in total revenue in fiscal year 2024. Expenses of $67K exceeded revenue, resulting in a 66% operating deficit.
To own and develop the buildings at 40 Central Street, 27 Prescott Street, and 22 Hurd Street for the purpose of leasing such properties to UTEC, Inc.
To own, develop and lease real property for the purpose of leasing such property to or developing such property for the supported organizations, all in furtherance of charitable purpose within the...
To own, develop and lease real property for the purpose of leasing such property to or developing such property for the supported organizations, all in furtherance of charitable purpose within the meaning of section 501(c)(3). The properties are located at 40 Central Street, 27 Prescott Street, and 22 Hurd Street in Lowell, Massachusetts.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $40,251 | $39,852 | +0.0% |
| Expenses | $66,834 | $60,980 | +0.1% |
| Net Income | $-26,583 | $-21,128 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Gregg Croteau | Clerk | 1.00 |
Officer
Director
|
$0 | $9,168 | $274,234 |
| M Scott Mellen | President/Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $40,251 | $66,834 | $2,196,312 | $-26,583 |
| 2024 | $39,852 | $60,980 | $2,213,312 | $-21,128 |
| 2023 | $277,009 | $213,044 | $2,229,973 | $63,965 |
| 2022 | $398,604 | $442,470 | $5,536,380 | $-43,866 |
| 2021 | $398,705 | $605,558 | $5,570,123 | $-206,853 |
| 2020 | $396,800 | $456,687 | $5,806,638 | $-59,887 |
| 2019 | $427,077 | $457,956 | $5,824,006 | $-30,879 |
| 2018 | $415,092 | $487,996 | $5,869,432 | $-72,904 |
Compare UTEC Hub Inc with other nonprofits in Massachusetts and across the country.