NORTHEAST-MIDWEST INSTITUTE (EIN 521112174) - 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

1977

Legal Domicile

Principal Officer

MICHAEL GOFF

Phone

4106154951

Tax Period

2024-01-01 to 2024-12-31

NORTHEAST-MIDWEST INSTITUTE, founded in 1977, is a small nonprofit that reported $519K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

TO PROMOTE THE ECONOMIC VITALITY, ENVIRONMENTAL QUALITY, AS WELL AS REGIONAL EQUITY FOR THE 18 NORTHEASTERN AND MIDWESTERN STATES: CONNECTICUT, DELAWARE, ILLINOIS, INDIANA, IOWA, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, NEW HAMPSHIRE, NEW JERSEY, NEW YORK, OHIO, PENNSYLVANIA, RHODE ISLAND, VERMONT, AND WISCONSIN.

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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 $497,954

Program Service Revenue $20,465

Investment Income $0

Other Revenue $623

TOTAL REVENUE $519,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $466,417

Fundraising Expenses $0

Program Expenses $519,641

Other Expenses $66,028

TOTAL EXPENSES $532,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$519,042	$576,786	-0.1%
Expenses	$532,445	$490,229	+0.1%
Net Income	$-13,403	$86,557	-1.2%

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

Volunteers

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

$75,940

Total Directors

Key Employees

$176,790

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MICHAUD	CHAIR	5.00	Officer Director	$0	$0	$0
JOHN BALDACCI	CHAIR EMERITUS	1.00	Officer Director	$0	$0	$0
MARY CRONIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT CLARKE BROWN	TREASURER	1.00	Officer Director	$0	$0	$0
VICKY BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT DEVITO	DIRECTOR	1.00	Director	$0	$0	$0
HENRI RAUSCHENBACH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GOFF	PRESIDENT AND CEO	40.00	Officer	$62,440	$13,500	$75,940
MATTHEW BAGOSHIAN	AMCC DIRECTOR	1.00	Key Emp	$158,975	$17,815	$176,790

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
2024	$519,042	$532,445	$157,847	$-13,403
2023	$576,786	$490,229	$108,076	$86,557
2022	$275,640	$403,121	$50,087	$-127,481
2021	$364,410	$418,594	$27,282	$-54,184
2020	$429,060	$448,566	$31,530	$-19,506
2019	$549,125	$540,542	$110,054	$8,583
2018	$427,498	$806,164	$167,932	$-378,666

NORTHEAST-MIDWEST INSTITUTE