MASSACHUSETTS SOCIETY OF CPA'S INC (EIN 042055313) - 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

1911

Legal Domicile

Principal Officer

ZACHARY DONAH

Phone

6175564000

Tax Period

2024-05-01 to 2025-04-30

MASSACHUSETTS SOCIETY OF CPA'S INC, founded in 1911, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Expenses of $4.0M left a modest 4% surplus.

Mission

TO PROTECT, ENHANCE, AND PROMOTE THE VALUE OF BEING A CPA IN 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 $0

Program Service Revenue $3,939,864

Investment Income $201,552

Other Revenue $0

TOTAL REVENUE $4,141,416

Expense Breakdown

Grants Paid $31,500

Salaries & Benefits $3,403,481

Fundraising Expenses $0

Other Expenses $544,682

TOTAL EXPENSES $3,979,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,141,416	$4,317,476	0.0%
Expenses	$3,979,663	$4,264,319	-0.1%
Net Income	$161,753	$53,157	+2.0%

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

1310

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

$522,089

Total Directors

$294,329

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA L FELICE	CHAIR	1.00	Officer Director	$0	$0	$0
DECLAN E LEE	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
MARK A AUDI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CAROL L RUIZ	AUDIT CHAIR	1.00	Officer Director	$0	$0	$0
RONALD R TULL	FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
LAURA P O'BRIEN	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
CHARLOTTE L CATHRO	DIRECTOR	1.00	Director	$0	$0	$0
JULIE CHASSE	DIRECTOR	1.00	Director	$0	$0	$0
MARQUIS D COOPER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW J DYMENT	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY GRIFFITHS	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA P LAPAN	DIRECTOR	1.00	Director	$0	$0	$0
LEEANN MANNING	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER R MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
KATHY L PARKER	DIRECTOR	1.00	Director	$0	$0	$0
AMY K PHELAN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA M SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KATIE SOULE	DIRECTOR	1.00	Director	$0	$0	$0
ZACHARY DONAH	PRES/CEO/SEC/TREAS	38.00	Officer Director	$260,671	$33,658	$294,329
KARA KIERAN	COO	40.00	Officer	$181,389	$46,371	$227,760
JULIA BOWKER-EKELUND	VICE PRESIDENT, LEARNING & DEVELOP.	40.00	Highest	$173,756	$44,193	$217,949
ELIZABETH EMANUELSON	VICE PRESIDENT, COMMMUNICATIONS	40.00	Highest	$164,346	$20,666	$185,012
MOLLY DONNELLY	PVP ADVOCACY	40.00	Highest	$140,343	$40,133	$180,476
KRISTEN WELLS	SR. DIRECTOR OF BUSINESS DEVELOPMENT	40.00	Highest	$128,430	$42,650	$171,080
ALLIE ORLANDO	DIRECTOR OF ACADEMIC AND CAREER DEV.	40.00	Highest	$107,483	$22,033	$129,516
AMY PITTER	FORMER PRES/CEO/SEC/TREAS	0.00		$146,676	$0	$146,676

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	$4,141,416	$3,979,663	$5,647,083	$161,753
2024	$4,317,476	$4,264,319	$5,940,309	$53,157
2023	$4,107,303	$4,322,509	$5,435,333	$-215,206
2022	$4,333,223	$3,788,382	$5,581,764	$544,841
2021	$3,940,997	$3,771,683	$5,249,565	$169,314
2020	$3,821,834	$3,485,990	$4,356,385	$335,844
2019	$3,637,435	$3,572,064	$4,353,175	$65,371
2018	$3,510,114	$3,424,777	$4,210,251	$85,337

MASSACHUSETTS SOCIETY OF CPA'S INC