BOSTON PUBLIC SCHOOL TEACHERS RETIREMENT FUND ASSOCIATION (EIN 042080791) - 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

1900

Legal Domicile

Principal Officer

MAUREEN GAGE

Phone

6176344165

Tax Period

2023-09-01 to 2024-08-31

BOSTON PUBLIC SCHOOL TEACHERS RETIREMENT FUND ASSOCIATION, founded in 1900, is a small nonprofit in the Mutual Benefit sector that reported $145K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $283K exceeded revenue, resulting in a 94% operating deficit.

Mission

STATEMENT ON SCHEDULE O.AN ACT TO PROVIDE FOR A PUBLIC SCHOOL TEACHERS RETIREMENT FUND IN THE CITY OF BOSTON. THE FUND SHALL CONSIST OF INVESTED PERMANENT AND GENERAL FUNDS. THE GENERAL FUND WILL BE DRAWN UPON FOR THE PURPOSES OF THIS ACT: TO PAY OUT DISTRIBUTIONS TO ANY QUALIFYING RETIRED BOSTON SCHOOL TEACHERS.

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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 $74,674

Program Service Revenue $0

Investment Income $70,799

Other Revenue $0

TOTAL REVENUE $145,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,398

Fundraising Expenses $0

Program Expenses $242,381

Other Expenses $16,697

TOTAL EXPENSES $282,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,473	$133,406	+0.1%
Expenses	$282,890	$285,755	0.0%
Net Income	$-137,417	$-152,349	-0.1%

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

N/A

Employees

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

$22,439

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN KELLY	PRESIDENT, TRUSTEE	1.00	Officer Director	$0	$0	$0
KATHLEEN CARROLL	TRUSTEE	1.00	Director	$0	$0	$0
MONIQUE BYNOE	TRUSTEE	1.00	Director	$0	$0	$0
MAUREEN GAGE	SECRETARY	18.00	Officer	$22,439	$0	$22,439

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	$145,473	$282,890	$1,288,760	$-137,417
2023	$133,406	$285,755	$1,425,569	$-152,349
2022	$90,414	$261,208	$1,577,621	$-170,794
2021	$90,451	$284,532	$1,758,420	$-194,081
2020	$119,222	$290,543	$1,942,856	$-171,321
2019	$136,946	$301,955	$2,113,715	$-165,009
2018	$114,853	$306,081	$2,278,684	$-191,228

BOSTON PUBLIC SCHOOL TEACHERS RETIREMENT FUND ASSOCIATION