NASSON CENTER REDEVELOPMENT INC (EIN 743029645) - 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

2002

Legal Domicile

Principal Officer

KEVIN LANGLAIS

Phone

2072520881

Tax Period

2024-01-01 to 2024-12-31

NASSON CENTER REDEVELOPMENT INC, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $491K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $462K left a modest 6% surplus.

Mission

TO PROVIDE ADULTSYOUTH WITH CIVIC CULTURAL AND RECREATIONAL OPPORTUNITIESEVENTS ALSO PROVIDE A CHILDCARE CENTER FOR THE COMMUNIT

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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 $67,954

Program Service Revenue $392,098

Investment Income $1,588

Other Revenue $29,213

TOTAL REVENUE $490,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $280,177

Fundraising Expenses $0

Program Expenses $461,534

Other Expenses $181,357

TOTAL EXPENSES $461,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$490,853	$450,411	+0.1%
Expenses	$461,534	$527,083	-0.1%
Net Income	$29,319	$-76,672	-1.4%

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

N/A

Independent Members

N/A

Employees

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

$48,989

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY SHEFFIELD	EXECUTIVE DIRECTOR	40.00	Key Emp	$48,989	$0	$48,989
KEVIN LANGLAIS	PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVID PARENT	V PRESIDENT	0.50	Officer Director	$0	$0	$0
ROGER DURANT	TREASURER	0.50	Officer Director	$0	$0	$0
CONSTANCE WHITERBY	DIRECTOR	0.50	Director	$0	$0	$0
EDWARD TITCOMB	SECRETARY	0.50	Officer Director	$0	$0	$0
JACK MCADAM	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT LAFLAMME	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$490,853	$461,534	$1,052,282	$29,319
2023	$450,411	$527,083	$1,163,509	$-76,672
2022	$493,721	$494,290	$1,249,340	$-569
2021	$464,731	$373,173	$1,283,420	$91,558
2020	$344,638	$325,456	$1,185,390	$19,182
2019	$406,447	$414,666	$997,534	$-8,219

NASSON CENTER REDEVELOPMENT INC