MASSACHUSETTS BIBLE SOCIETY

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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

1809

Legal Domicile

Principal Officer

DAWN HAMMOND

Phone

8663672822

Tax Period

2022-07-01 to 2023-06-30

MASSACHUSETTS BIBLE SOCIETY, founded in 1809, is a small nonprofit that reported $317K in total revenue in fiscal year 2022. Revenue surged 208% from the prior year, signaling strong growth momentum. The organization ran a surplus of $181K, a strong 57% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE BIBLICAL LITERACY, UNDERSTANDING, AND DIALOGUE THAT IS GROUNDED IN SCHOLARSHIP, SOCIALLY RELEVANT, AND RESPECTFUL OF THE MANY VOICES WITHIN THE BIBLE AND ALL THOSE WHO TURN TO THE BIBLE IN FAITH.

Program Service Accomplishments

Program 1

Expenses: $82,484 Revenue: $2,444

THE SOCIETY PROVIDES GIFTS OF BIBLES TO PRISONS, HOSPITALS, HOMELESS PROGRAMS, CHURCHES, AND THOSE WHO HAVE NEED. IN ADDITION, THE SOCIETY PROVIDES BIBLE EDUCTIONAL SERVICES THROUGH PROMOTION AND...

THE SOCIETY PROVIDES GIFTS OF BIBLES TO PRISONS, HOSPITALS, HOMELESS PROGRAMS, CHURCHES, AND THOSE WHO HAVE NEED. IN ADDITION, THE SOCIETY PROVIDES BIBLE EDUCTIONAL SERVICES THROUGH PROMOTION AND SALE OF EXPLORING THE BIBLE: THE DICKINSON SERIES (EXPLORING THE BIBLE) TEXTS AND OTHER MATERIALS. EXPLORING THE BIBLE IS A SERIES OF THREE, SIX-WEEK COURSES DESIGNED TO PROMOTE BIBLE LITERACY FUNDED BY CHARLES DICKINSON, AND AUTHORED BY THE REVEREND ANNE ROBERTSON, FORMER EXECUTIVE DIRECTOR OF THE SOCIETY. THE SOCIETY PROMOTES AND DELIVERS EDUCTIONAL PROGRAMS AND SERVICES THROUGH LECTURES, SPECIAL EVENTS, WEBSITE SALES ON AMAZON.COM, BOOK TABLES AT EVENTS, SOCIAL MEDICA (FACEBOOK AND TWITTER) AND MAKING READING RECOMMENDATIONS TO ENRICH THE STUDY OF THE BIBLE. THE MAJORITY OF THE SOCIETYS SERVICES ARE PROVIDED TO MASSACHUSETTS RESIDENTS. HOWEVER, THROUGH WIDE-SPREAD ENDORSEMENT AND EXPANSION OF EXPLORING THE BIBLE, THE SOCIETY'S BIBLE EDUCATION SERVICES ARE ALSO BEING OFFERED DOMESTICALLY TO RESIDENTS IN OVER 25 STATES, AS WELL AS INTERNATIONALLY IN THE UNITED KINGDOM.

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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 (2022)

Revenue Breakdown

Contributions & Grants $10,024

Program Service Revenue $2,444

Investment Income $304,972

Other Revenue $0

TOTAL REVENUE $317,440

Expense Breakdown

Grants Paid $7,449

Salaries & Benefits $86,684

Fundraising Expenses $15,009

Program Expenses $82,484

Other Expenses $42,051

TOTAL EXPENSES $136,184

Year-over-Year Comparison

	2022	2021	Change
Revenue	$317,440	$103,049	+2.1%
Expenses	$136,184	$251,260	-0.5%
Net Income	$181,256	$-148,211	-2.2%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV PHILOMENA HARE	PRESIDENT (THROUGH 12/31/22)	2.00	Officer Director	$0	$0	$0
MICHAEL LIZOTTE	TREASURER (THROUGH 12/31/22)	2.00	Officer Director	$0	$0	$0
SUSAN KAY	SECRETARY (THROUGH 12/31/22)	2.00	Officer Director	$0	$0	$0
REV JACQUELINE B BLUE	DIRECTOR (THROUGH 12/31/22)	1.00	Director	$0	$0	$0
PASTOR ROCKLYN CLARKE	DIRECTOR (THROUGH 12/31/22)	1.00	Director	$0	$0	$0
REV ANTHONY KILL	DIRECTOR (THROUGH 12/31/22)	1.00	Director	$0	$0	$0
KEVIN ZURRICA	DIRECTOR (THROUGH 12/31/22)	1.00	Director	$0	$0	$0
TRACEY KEENE	PRESIDENT (1/1/23-6/30/23)	2.00	Officer Director	$0	$0	$0
CALVIN PRICE	TREASURER (1/1/23-6/30/23)	2.00	Officer Director	$0	$0	$0
GRACE STEERE	SECRETARY (1/1/23-6/30/23)	2.00	Officer Director	$0	$0	$0
CATHLIN BAKER	DIRECTOR (1/1/23-6/30/23)	1.00	Director	$0	$0	$0
PERSEPHONE HALL	DIRECTOR (1/1/23-6/30/23)	1.00	Director	$0	$0	$0
TIMOTH SYLVIA	DIRECTOR (1/1/23-6/30/23)	1.00	Director	$0	$0	$0
DR THEODORE WILSON	INTERIM ED (THROUGH 12/31/22)	5.00	Officer	$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	$317,440	$136,184	No data	$181,256
2022	$103,049	$251,260	$1,450,428	$-148,211
2021	$122,653	$276,205	$1,661,386	$-153,552
2020	$856,126	$433,716	$1,644,605	$422,410
2019	$367,905	$418,552	$2,015,856	$-50,647
2018	$229,985	$421,725	$2,177,820	$-191,740