BOSTON CENTER FOR ADULT EDUCATION INC (EIN 042113278) - 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

1933

Legal Domicile

Principal Officer

KIRA KHAZATSKY

Phone

6173993113

Tax Period

2023-10-01 to 2024-09-30

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.

Mission

THE BOSTON CENTER FOR ADULT EDUCATION SEEKS TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR ADULTS THAT FOSTERED PERSONAL AND PROFESSIONAL DEVELOPMENT, ENHANCED A SENSE OF COMMUNITY, AND ENCOURAGED SOCIAL RESPONSIBILITY.

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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 $0

Program Service Revenue $43,672

Investment Income $0

Other Revenue $0

TOTAL REVENUE $43,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $149,853

TOTAL EXPENSES $149,853

Year-over-Year Comparison

	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%

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

N/A

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

$554,552

Total Directors

$313,863

Key Employees

Highest Compensated

reported

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

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	$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

BOSTON CENTER FOR ADULT EDUCATION INC