NORTHEAST RESEARCH AND EDUCATION N… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

RYAN KOCSONDY

Phone

4018860887

Tax Period

2024-07-01 to 2025-06-30

NORTHEAST RESEARCH AND EDUCATION NETWORK INC, founded in 2004, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 4% surplus.

Mission

NEREN PROVIDES A FIBER OPTIC NETWORK THAT CONNECTS AND UNIFIES THE RESEARCH AND EDUCATION COMMUNITIES OF NY, CT, RI, MA, VT, ME AND NH, SECURELY ENABLING UNIVERSITIES WORLDWIDE TO EXPLORE THE GLOBAL RESOURCES THAT UTILIZE ULTRA BROADBAND APPLICATIONS.

Program Service Accomplishments

Program 1

Expenses: $2,017,989 Revenue: $2,282,083

NEREN UTILIZES 10 ROUTES TOTALING 612 MILES TO PROVIDE A FIBER-OPTIC NETWORK THAT TIES TOGETHER IN-STATE FIBER INITIATIVES, EFFECTIVELY CREATING AN E-CORRIDOR THAT LINKS THE MEMBERS NOT ONLY TO ONE ANOTHER, BUT ALSO TO FACILITIES THROUGHOUT THE REGION AND GLOBE. THE NETWORK PRIMARILY TRANSPORTS RESEARCH, ACADEMIC AND HEALTHCARE INFORMATION, BUT IS ALSO INTENDED TO ALLOW CORPORATE AND GOVERNMENT MEMBERS TO FORM PARTNERSHIPS AND COLLABORATIONS WITH THE REGION'S ACADEMIC, RESEARCH AND HEALTHCARE MEMBERS IN NEW YORK AND NEW ENGLAND (CONNECTICUT, MAINE, MASSACHUSETTS, NEW HAMPSHIRE, RHODE ISLAND AND VERMONT). NEREN'S PURPOSE:MAXIMIZE THE EDUCATIONAL AND INFORMATION EXCHANGE POTENTIAL OF COMMUNICATION NETWORK RESOURCES BY DEVELOPING ADVANCED NETWORKING AMONG MEMBERS OF THE CORPORATION THROUGH REGIONAL COOPERATION AND COLLABORATION; POOL THE EVER-EXPANDING BODY OF REGIONAL SCIENTIFIC, MEDICAL, AND EDUCATIONAL EXPERTISE TO SUPPORT THE RESEARCH, EDUCATION AND HEALTHCARE COMMUNITIES; AND EXTEND THE BENEFITS OF ITS ACTIVITIES TO PROMOTE TECHNOLOGY TRANSFER, ECONOMIC AND WORKFORCE DEVELOPMENT, AND NETWORK SECURITY FOR GOVERNMENT, THE NONPROFIT COMMUNITY, AND THE BROADER SOCIETY.TO ACT ON THOSE ACTIVITIES THAT ARE BETTER DONE TOGETHER THAN APART.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,282,083

Investment Income $1,792

Other Revenue $0

TOTAL REVENUE $2,283,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,017,989

Other Expenses $2,191,189

TOTAL EXPENSES $2,191,189

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,283,875	$1,413,104	+0.6%
Expenses	$2,191,189	$1,546,928	+0.4%
Net Income	$92,686	$-133,824	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN KOCSONDY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAVID MARBLE	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTOPHER MISRA	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN BARDEN	DIRECTOR	1.25	Director	$0	$0	$0
JOHN GOODHUE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL M MUNDRANE	DIRECTOR	1.25	Director	$0	$0	$0
THOMAS NUDD	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES VON LICHTENBERG	DIRECTOR	1.00	Director	$0	$0	$0
DARCY PIENTKA	DIRECTOR	1.25	Director	$0	$0	$0
KELLIE B CAMPBELL	DIRECTOR	1.25	Director	$0	$0	$0
FELIX WINDT	DIRECTOR	1.25	Director	$0	$0	$0
GABRIELE FARIELLO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT PLACIDO	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	$2,283,875	$2,191,189	$1,864,482	$92,686
2024	$1,413,104	$1,546,928	$1,985,616	$-133,824
2023	$1,047,657	$1,183,015	$1,986,368	$-135,358
2022	$954,358	$1,020,150	$2,293,402	$-65,792
2021	$924,465	$974,003	$2,558,248	$-49,538
2020	$997,623	$985,023	$2,839,125	$12,600
2019	$911,834	$973,631	$2,984,234	$-61,797

NORTHEAST RESEARCH AND EDUCATION NETWORK INC