NEW ENGLAND LIFE PLAN COMMUNITIES CORP (EIN 873705424) - 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

2021

Legal Domicile

Principal Officer

LARRY BRADSHAW

Phone

7813385985

Tax Period

2023-01-01 to 2023-12-31

NEW ENGLAND LIFE PLAN COMMUNITIES CORP, founded in 2021, is a mid-sized nonprofit in the Housing & Shelter sector that reported $23.9M in total revenue in fiscal year 2023. Expenses of $41.5M exceeded revenue, resulting in a 73% operating deficit.

Mission

NEW ENGLAND LIFE PLAN COMMUNITIES (NELPC) IS A NOT-FOR-PROFIT COMPANY DEDICATED TO SERVING OLDER ADULTS. OUR RESIDENTS ARE ABLE TO ENJOY COMMUNITY BASED LIVING WITH AN ACTIVE, CHOICE DRIVEN LIFESTYLE, WHILE HAVING THE SECURITY OF ONSITE HEALTHCARE BEING AVAILABLE SHOULD THE NEED ARISE

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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 (2023)

Revenue Breakdown

Contributions & Grants $194,076

Program Service Revenue $23,128,595

Investment Income $624,909

Other Revenue $0

TOTAL REVENUE $23,947,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,892,190

Fundraising Expenses $0

Program Expenses $40,281,220

Other Expenses $28,630,135

TOTAL EXPENSES $41,522,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,947,580	N/A	N/A
Expenses	$41,522,325	N/A	N/A
Net Income	$-17,574,745	$0	N/A

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

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
LARRY BRADSHAW	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JEFF CARPENTER	TREASURER	2.00	Officer Director	$0	$0	$0
PHILIPPE SAAD	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHRYN BROD	BOARD MEMBER	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$23,947,580	$41,522,325	$159,326,560	$-17,574,745

NEW ENGLAND LIFE PLAN COMMUNITIES CORP