BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BOSTON CENTER FOR ADULT EDUCATION INC, founded in 1933, is a micro nonprofit in the Education sector that reported $44K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $150K exceeded revenue, resulting in a 243% operating deficit.
TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR ADULT LEARNERS IN BOSTON AND SURROUNDING COMMUNITIES THAT RESPONDED TO THE ONGOING AND EVOLVING NEEDS FOR PROFESSIONAL GROWTH AND PERSONAL ENRICHMENT.
FOUNDED IN 1933, THE BOSTON CENTER FOR ADULT EDUCATION, INC. (THE "CENTER") WAS THE OLDEST, NON-PROFIT ADULT EDUCATION CENTER IN NEW ENGLAND. THE CENTER SEEKED TO BE RESPONSIVE TO THE EVOLVING...
FOUNDED IN 1933, THE BOSTON CENTER FOR ADULT EDUCATION, INC. (THE "CENTER") WAS THE OLDEST, NON-PROFIT ADULT EDUCATION CENTER IN NEW ENGLAND. THE CENTER SEEKED TO BE RESPONSIVE TO THE EVOLVING EDUCATIONAL NEEDS OF INDIVIDUALS BY OFFERING A WIDE VARIETY OF COURSES AND OTHER EDUCATIONAL OPPORTUNITIES. MOST OF THE CENTER'S REVENUES WERE DERIVED FROM TUITION AND RELATED EDUCATIONAL ACTIVITIES. THE CENTER ALSO DEPENDED ON CONTRIBUTIONS FROM THE COMMUNITY. THE CENTER PROVIDED NON-CREDIT EDUCATIONAL OPPORTUNITIES THAT FOSTERED PERSONAL AND PROFESSIONAL DEVELOPMENT. IN ADVANCEMENT OF THIS MISSION, THE CENTER OFFERED A VARIETY OF COURSES ON A WIDE RANGE OF TOPICS THROUGHOUT THE YEAR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $43,672 | $27,324 | +0.6% |
| Expenses | $149,853 | $75,492 | +1.0% |
| Net Income | $-106,181 | $-48,168 | +1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KIRA KHAZATSKY | PRESIDENT & CEO | 2.00 |
Officer
Director
|
$0 | $10,650 | $313,863 |
| DEAN HARA | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOE ZEFF | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHARON HAMEL | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELLE RHODES | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL GRILL | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| MARC LACASSE | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| YAMILETH LOPEZ | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JAKE ROSENFELD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| KITTY WINTER | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JANE MATLAW | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JENNIFER JEWELL | CFO | 2.00 |
Officer
|
$0 | $27,572 | $240,689 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $43,672 | $149,853 | $5,834,507 | $-106,181 |
| 2023 | $27,324 | $75,492 | $5,940,486 | $-48,168 |
| 2022 | $20,088 | $78,448 | $6,015,798 | $-58,360 |
| 2021 | $369,902 | $278,386 | $6,100,452 | $91,516 |
| 2020 | $747,136 | $1,679,328 | $5,389,188 | $-932,192 |
| 2019 | $927,402 | $2,333,980 | $6,705,173 | $-1,406,578 |
| 2018 | $1,538,074 | $2,508,721 | $8,306,945 | $-970,647 |
Compare BOSTON CENTER FOR ADULT EDUCATION INC with other nonprofits in Massachusetts and across the country.