North Central Massachusetts Development Corp
Fitchburg, Massachusetts
B+Health Score
66B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$1.6M
Total Revenue
📊
$1.2M
Total Expenses
🏦
$6.0M
Net Assets
📋
$845K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-32.1%
Year-over-year change (2022 → 2023)
Net Margin
+22.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
4.83
Net assets divided by total expenses
Liabilities-to-Assets
12.3%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,614,235↓32% | $1,247,983↓3% | $6,873,771↓3% | |
| 2022 | $2,376,134↓34% | $1,292,443↓49% | $7,059,159↑13% | — |
| 2021 | $3,602,305↑246% | $2,555,056↑44% | $6,248,244↑84% | — |
| 2020 | $1,040,476↑58% | $1,771,410↑76% | $3,393,831↑34% | — |
| 2019 | $659,999↑84% | $1,004,364↑93% | $2,541,485↑17% | — |
| 2018 | $358,062↓18% | $521,508↑25% | $2,170,554↑13% | — |
| 2017 | $437,140↑35% | $416,813↓30% | $1,913,784↑10% | — |
| 2016 | $324,685↑22% | $596,692↑15% | $1,740,246↑25% | — |
| 2015 | $266,157↑21% | $516,640↑27% | $1,396,254↑17% | — |
| 2014 | $219,200↑17% | $406,154↓19% | $1,193,507↑2% | — |
| 2013 | $188,003↑12% | $498,964↑4% | $1,165,812↓2% | — |
| 2012 | $167,515↑71% | $479,967↑35% | $1,183,930↓5% | — |
| 2011 | $98,001 | $355,733 | $1,239,785 | — |
Frequently Asked Questions
What does North Central Massachusetts Development Corp do?▼
North Central Massachusetts Development Corp is a unclassified nonprofit organization based in Massachusetts. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is North Central Massachusetts Development Corp financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for North Central Massachusetts Development Corp.
How much revenue does North Central Massachusetts Development Corp generate?▼
North Central Massachusetts Development Corp reports $676K in annual revenue and holds $6.6M in total assets, based on IRS filings.
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