NEW ENGLAND COMMISSION OF HIGHER EDUCATION INC (EIN 821825330) - 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

2018

Legal Domicile

Principal Officer

LAWRENCE SCHALL

Phone

7814257747

Tax Period

2022-10-01 to 2023-09-30

NEW ENGLAND COMMISSION OF HIGHER EDUCATION INC, founded in 2018, is a community nonprofit in the Education sector that reported $5.2M in total revenue in fiscal year 2022. The organization ran a surplus of $1.5M, a strong 29% operating margin.

Mission

THE COMMISSION EXERCISES THE DUAL ROLES OF QUALTIY ASSURANCE AND ENCOURAGING CONTINUOUS IMPROVEMENT FOR DEGREE-GRANTING INSTITUTIONS OF HIGHER EDUCATION IN THE SIX NEW ENGLAND STATES AND, AS DETERMINED BY THE COMMISSION, INTERNATIONALLY. THROUGH A PROCESS OF PEER REVIEW, THE COMMISSION ASSURES THE EDUCATION COMMUNITY AND THE PUBLIC THAT ACCREDITED INSTITUTIONS HAVE CLEARLY DEFINED OBJECTIVES, CONSISTENT WITH STANDARD OF ACCREDITATION ESTABLISHED BY THE COMMISSION, AND THAT THEY HAVE THE ORGANIZATION, STAFFING AND RESOURCES TO ACCOMPLISH AND SUSTAIN THESE OBJECTIVES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $110,000

Program Service Revenue $5,094,320

Investment Income $28,614

Other Revenue $5,053

TOTAL REVENUE $5,237,987

Expense Breakdown

Grants Paid $33,229

Salaries & Benefits $2,440,018

Fundraising Expenses $0

Program Expenses $2,570,825

Other Expenses $1,253,525

TOTAL EXPENSES $3,726,772

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,237,987	$5,018,304	+0.0%
Expenses	$3,726,772	$4,294,508	-0.1%
Net Income	$1,511,215	$723,796	+1.1%

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

300

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

$511,401

Total Directors

Key Employees

$1,301,960

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL CAREY	COMMISSIONER- CHAIR	1.00	Officer Director	$0	$0	$0
MICHAELE WHELAN	COMMISSIONER-VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN SWEENEY	COMMISSIONER - TREASURER	1.00	Officer Director	$0	$0	$0
JEFFREY MCMAHAN	COMMISSIONER - SECRETARY	1.00	Officer Director	$0	$0	$0
PAULA AMATO	COMMISSIONER	1.00	Director	$0	$0	$0
KELLI ARMSTRONG	COMMISSIONER	1.00	Director	$0	$0	$0
LLOYD BLANCHARD	COMMISSIONER	1.00	Director	$0	$0	$0
STEPHEN COAN	COMMISSIONER	1.00	Director	$0	$0	$0
PETER EBB	COMMISSIONER	1.00	Director	$0	$0	$0
JOHN FLYNN	COMMISSIONER	1.00	Director	$0	$0	$0
KEVIN FUDGE	COMMISSIONER	1.00	Director	$0	$0	$0
JOSEPH GREENE	COMMISSIONER	1.00	Director	$0	$0	$0
JUDITH HAIN	COMMISSIONER	1.00	Director	$0	$0	$0
FARSHID HAJIR	COMMISSIONER	1.00	Director	$0	$0	$0
JAMES HERBERT	COMMISSIONER	1.00	Director	$0	$0	$0
LISA IJIRI	COMMISSIONER	1.00	Director	$0	$0	$0
JOYCE JUDY	COMMISSIONER	1.00	Director	$0	$0	$0
ELLEN KENNEDY	COMMISSIONER	1.00	Director	$0	$0	$0
TODD LEACH	COMMISSIONER	1.00	Director	$0	$0	$0
JULINE MILLS	COMMISSIONER	1.00	Director	$0	$0	$0
MARGARET NEWELL	COMMISSIONER	1.00	Director	$0	$0	$0
LUIS PEDRAJA	COMMISSIONER	1.00	Director	$0	$0	$0
SEBASTIAN ROYO	COMMISSIONER	1.00	Director	$0	$0	$0
ANDREW SHENNAN	COMMISSIONER	1.00	Director	$0	$0	$0
CHRISTINE SIEGEL	COMMISSIONER	1.00	Director	$0	$0	$0
MELINDA TREADWELL	COMMISSIONER	1.00	Director	$0	$0	$0
LAWRENCE SCHALL	PRESIDENT	35.00	Officer	$470,322	$41,079	$511,401
PATRICIA O'BRIEN	SENIOR VICE PRESIDENT	35.00	Key Emp	$289,527	$32,728	$322,255
PAULA HARBECKE	VICE PRESIDENT	35.00	Key Emp	$234,134	$27,189	$261,323
CAROL ANDERSON	VICE PRESIDENT	35.00	Key Emp	$227,812	$29,675	$257,487
LAURA GAMBINO	VICE PRESIDENT	35.00	Key Emp	$208,575	$24,783	$233,358
AARON PERKUS	VICE PRESIDENT	35.00	Key Emp	$207,306	$20,231	$227,537

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	No data	No data	No data	No data
2023	$5,237,987	$3,726,772	$9,879,185	$1,511,215
2022	$5,018,304	$4,294,508	$6,813,376	$723,796
2021	$4,536,246	$3,523,334	$6,648,757	$1,012,912
2020	$4,907,993	$4,174,304	$5,268,173	$733,689
2019	$4,271,677	$3,648,802	$4,800,294	$622,875

NEW ENGLAND COMMISSION OF HIGHER EDUCATION INC