MASSACHUSETTS NURSES ASSOCIATION (EIN 041591164) - 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

1903

Legal Domicile

Principal Officer

KATIE MURPHY

Phone

7818214625

Tax Period

2024-07-01 to 2025-06-30

MASSACHUSETTS NURSES ASSOCIATION, founded in 1903, is a mid-sized nonprofit that reported $24.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $22.1M left a modest 8% surplus.

Mission

THE MISSION OF THE MNA, THE ASSOCIATION FOR REGISTERED NURSES AND HEALTH CARE PROFESSIONALS, IS TO PRESERVE THE IDENTITY, INTEGRITY, AND CONTINUITY OF PROFESSIONAL NURSING AND HEALTH CARE IN THE COMMONWEALTH OF 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 (2024)

Revenue Breakdown

Contributions & Grants $23,489,509

Program Service Revenue $18,932

Investment Income $474,558

Other Revenue $35,773

TOTAL REVENUE $24,018,772

Expense Breakdown

Grants Paid $107,928

Salaries & Benefits $14,508,458

Fundraising Expenses $0

Other Expenses $7,433,757

TOTAL EXPENSES $22,050,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,018,772	$21,546,709	+0.1%
Expenses	$22,050,143	$21,070,298	+0.0%
Net Income	$1,968,629	$476,411	+3.1%

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

104

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

$91,385

Total Directors

$109,558

Key Employees

$2,220,658

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA DENLEY	DIRECTOR AT LARGE	2.50	Director	$0	$0	$0
CONSTANCE WILDER	DIRECTOR AT LARGE	2.50	Director	$0	$0	$0
CHANTEL FOLEY	DIRECTOR AT LARGE	2.50	Director	$0	$0	$0
CARLA LEBLANC	DIRECTOR AT LARGE	2.50	Director	$0	$0	$0
CONSTANCE GASSETT	DIRECTOR AT LARGE	2.50	Director	$0	$0	$0
DANIEL REC	REGIONAL DIRECTOR	2.50	Director	$1,799	$0	$1,799
DOMINIQUE MULDOON	VICE PRESIDENT	4.00	Officer Director	$15,385	$0	$15,385
DONNA STERN	REGIONAL DIRECTOR	2.50	Director	$0	$0	$0
ELIZABETH MULHOLLAND	REGIONAL DIRECTOR	2.50	Director	$1,000	$0	$1,000
FELICIA DALY	DIRECTOR AT LARGE	2.50	Director	$0	$0	$0
JOAN BALLANTYNE	SECRETARY	4.00	Officer Director	$1,000	$0	$1,000
KAREN COUGHLIN	DIRECTOR AT LARGE	2.50	Director	$1,000	$0	$1,000
KATHY REARDON	DIRECTOR AT LARGE	2.50	Director	$0	$0	$0
KATIE MURPHY	PRESIDENT	8.00	Officer Director	$75,000	$0	$75,000
LAURIE PARKER	REGIONAL DIRECTOR	2.50	Director	$0	$0	$0
MARY HAVLICEK CORNACCHIA	DIRECTOR AT LARGE	2.50	Director	$0	$0	$0
NIKKI DUCEY	DIRECTOR AT LARGE	2.50	Director	$0	$0	$0
NORA WATTS	TREASURER	4.00	Officer Director	$0	$0	$0
SARAH BESSUILLE	REGIONAL DIRECTOR	4.00	Director	$1,000	$0	$1,000
ELLEN MACINNIS	REGIONAL DIRECTOR	2.50	Director	$13,374	$0	$13,374
PAULA WARD	REGIONAL DIRECTOR	2.50	Director	$0	$0	$0
SHIRLEY KRAFT	DIRECTOR AT LARGE	2.50	Director	$0	$0	$0
MEGHAN MAHONEY	DIRECTOR AT LARGE	2.50	Director	$0	$0	$0
SUSAN WRIGHT-THOMAS	DIRECTOR AT LARGE	2.50	Director	$0	$0	$0
RUTH CADET	DIRECTOR AT LARGE	2.50	Director	$0	$0	$0
DANA SIMON	DIRECTOR-STRATEGIC CAMP	35.00	Key Emp	$169,034	$52,344	$221,378
DAVID SCHILDMEIER	DIRECTOR-PUBLIC COM	35.00	Key Emp	$181,864	$52,985	$234,849
JOE-ANN FERGUS	DIRECTOR-MEMBERSHIP	35.00	Key Emp	$173,781	$25,094	$198,875
JULIE PINKHAM	EXECUTIVE DIRECTOR	35.00	Key Emp	$237,896	$55,787	$293,683
MARYANNE BRAY	DIRECTOR-LEGISLATION	35.00	Key Emp	$165,222	$52,153	$217,375
OLAF HERMANSON	DIRECTOR-STRATEGIC CAMP	35.00	Key Emp	$170,429	$52,413	$222,842
ROLAND GOFF	DIRECTOR-STRATEGIC CAMP	35.00	Key Emp	$179,332	$8,967	$188,299
SHIRLEY THOMPSON	DIRECTOR-OPERATIONS (RETIRED 6/2/25)	35.00	Key Emp	$177,460	$25,278	$202,738
MARGARET NORTON	DIRECTOR FINANCE	35.00	Key Emp	$168,501	$52,317	$220,818
KAREN RENAUD	DIR STRATEGIC CAMP (ENDED 4/4/25)	35.00	Key Emp	$167,531	$52,270	$219,801
GAYLE MCMAHON	ASSOCIATE DIRECTOR	32.00	Highest	$171,903	$52,487	$224,390
DEBRA RIGIERO	ASSOCIATE DIRECTOR (RETIRED 1/31/25)	35.00	Highest	$169,381	$52,361	$221,742
WENDY MCGILL	ASSOCIATE DIRECTOR	35.00	Highest	$161,058	$51,945	$213,003
BRIAN OLIN	ASSOCIATE DIRECTOR	35.00	Highest	$166,772	$24,744	$191,516
SUSANNAH HEGARTY	ASSOCIATE DIRECTOR	35.00	Highest	$166,821	$52,233	$219,054

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	$24,018,772	$22,050,143	$17,856,135	$1,968,629
2024	$21,546,709	$21,070,298	$15,278,514	$476,411
2023	$20,985,793	$19,318,989	$14,707,997	$1,666,804
2022	$20,859,119	$22,386,448	$13,293,781	$-1,527,329
2021	$21,633,251	$21,035,092	$15,341,722	$598,159
2020	$22,136,066	$18,804,262	$13,889,684	$3,331,804
2019	$21,781,365	$26,453,779	$10,194,631	$-4,672,414
2018	$21,631,265	$20,381,022	$14,898,361	$1,250,243

MASSACHUSETTS NURSES ASSOCIATION