EAST CAMBRIDGE OPEN SPACE TRUST FU… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

OVADIA ROBERT SIMHA

Phone

6177215014

Tax Period

2023-01-01 to 2023-12-31

EAST CAMBRIDGE OPEN SPACE TRUST FUND, founded in 2004, is a micro nonprofit in the Community Improvement sector that reported $3K in total revenue in fiscal year 2023. Revenue surged 7428% from the prior year, signaling strong growth momentum. Expenses of $5K exceeded revenue, resulting in a 81% operating deficit.

Mission

EAST CAMBRIDGE OPEN SPACE TRUST FUND (THE "TRUST") IS A MASSACHUSETTS TRUST CREATED FOR THE AQUISITION, DEVELOPMENT AND/OR THE IMPROVEMENT OF PUBLIC OPEN SPACE AND RECREATION LAND IN EAST CAMBRIDGE MASSACHUSETTS FOR THE BENEFIT OF ALL RESIDENTS.

Program Service Accomplishments

Program 1

THE TRUST EXPENDS MONIES ON OPEN SPACE PROJECTS FOR THE BENEFIT OF ALL RESIDENTS OF CAMBRIDGE MASSACHUSETTS.

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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 $0

Program Service Revenue $0

Investment Income $3,011

Other Revenue $0

TOTAL REVENUE $3,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,458

TOTAL EXPENSES $5,458

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,011	$40	+74.3%
Expenses	$5,458	$8,452	-0.4%
Net Income	$-2,447	$-8,412	-0.7%

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

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
THOMAS JOYCE	TRUSTEE	Director	$0	$0	$0
MICHAEL DELIA	TRUSTEE	Director	$0	$0	$0
RHONDA MASSIE	TRUSTEE	Director	$0	$0	$0
ABIGAIL LEWIS-BOWEN	TRUSTEE	Director	$0	$0	$0
OVADIA ROBERT SIMHA	TRUSTEE AND PRESIDENT	Director	$0	$0	$0
MARK JAQUITH	TRUSTEE	Director	$0	$0	$0
ROBERT MACK	TRUSTEE AND TREASURER	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
2023	$3,011	$5,458	$317,959	$-2,447
2022	$40	$8,452	$325,487	$-8,412
2021	$300,040	$121,194	$331,639	$178,846
2020	$59	$7,046	$151,782	$-6,987
2019	$120	$177,384	$156,994	$-177,264
2018	$12,659	$8,833	$332,563	$3,826

EAST CAMBRIDGE OPEN SPACE TRUST FUND