MIDDLESEX CANAL ASSOCIATION (EIN 510176731) - 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

1964

Legal Domicile

Principal Officer

RUSSELL B SILVA

Phone

9786588893

Tax Period

2024-05-01 to 2025-04-30

MIDDLESEX CANAL ASSOCIATION, founded in 1964, is a small nonprofit that reported $903K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $857K, a strong 95% operating margin.

Mission

TO PRESERVE THE MIDDLESEX CANAL.

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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 $898,593

Program Service Revenue $1,427

Investment Income $2,791

Other Revenue $0

TOTAL REVENUE $902,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,518

Other Expenses $45,669

TOTAL EXPENSES $45,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$902,811	$567,256	+0.6%
Expenses	$45,669	$48,171	-0.1%
Net Income	$857,142	$519,085	+0.7%

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
J JEREMIAH BREEN	PRESIDENT	40.00	Officer Director	$0	$0	$0
TRACI B JANSEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RUSSELL B SILVA	TREASURER	30.00	Officer Director	$0	$0	$0
NEIL P DEVINS	MEMBERSHIP SECRETARY	10.00	Officer Director	$0	$0	$0
HOWARD WINKLER	DIRECTOR/CORRESPONDING SEC	1.00	Officer Director	$0	$0	$0
BETTY M BIGWOOD	DIRECTOR	40.00	Director	$0	$0	$0
DEBRA DIFFIN FOX	DIRECTOR	1.00	Director	$0	$0	$0
ROGER K HAGOPIAN	DIRECTOR	1.00	Director	$0	$0	$0
ALEC INGRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT WINTERS	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS H DAHILL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HAWES	DIRECTOR	1.00	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	$902,811	$45,669	$3,946,145	$857,142
2024	$567,256	$48,171	$3,089,003	$519,085
2023	$712,951	$40,353	$2,569,918	$672,598
2022	$145,901	$41,560	$1,897,320	$104,341
2021	$493,138	$32,093	$1,792,979	$461,045
2020	$715,745	$29,782	$1,331,934	$685,963

MIDDLESEX CANAL ASSOCIATION