INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI

EIN: 042162427 501(c)(3) Education

FRAMINGHAM, MA

Total Revenue
$387,356
Total Expenses
$310,943
Total Assets
$2,088,863
Net Assets
$1,968,357
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Legal Domicile
MA
Principal Officer
HEATHER LEE
Phone
5088729770
Tax Period
2024-05-01 to 2025-04-30

INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI is a small nonprofit in the Education sector that reported $387K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 20% operating margin.

Mission

ADMINISTER BENEVOLENT FUNDS AND MAINTAIN ALUMNI HOUSE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $65,906
Program Service Revenue $0
Investment Income $321,450
Other Revenue $0
TOTAL REVENUE $387,356

Expense Breakdown

Grants Paid $117,559
Salaries & Benefits $2,119
Fundraising Expenses $44,736
Program Expenses $117,559
Other Expenses $191,265
TOTAL EXPENSES $310,943

Year-over-Year Comparison

2024 2023 Change
Revenue $387,356 $265,850 +0.5%
Expenses $310,943 $227,624 +0.4%
Net Income $76,413 $38,226 +1.0%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
35

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER LEE PRESIDENT 6.00
Officer Director
$0 $0 $0
MARY KENNEY LISCOMBE VICE PRESIDENT ACTING 1.00
Officer Director
$0 $0 $0
MARCIA COKER MATTERO TREASURER 1.00
Officer Director
$0 $0 $0
DEBORAH STEWART ADAMS HOUSE CHAIR 8.00
Director
$0 $0 $0
PATRICIA DOHERTY BERLANDI EXECUTIVE BOARD MEMBER 6.00
Director
$0 $0 $0
ANDREW DIORIO EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
JUDITH DUPUIS FITZGERALD EXECUTIVE BOARD MEMBER 5.00
Director
$0 $0 $0
CARLA PEPKA EXECUTIVE BOARD MEMBER 5.00
Director
$0 $0 $0
DOROTHY O'DONNELL VERDY EXECUTIVE BOARD MEMBER 5.00
Director
$0 $0 $0
LORRAINE LENNON CHAIR ELLEN HYDE 1.00
Director
$0 $0 $0
SHEILA JEFFREY CHAIR AMELIA DAVIS 1.00
Director
$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
2025 $387,356 $310,943 $2,088,863 $76,413
2024 $265,850 $227,624 $2,165,224 $38,226
2023 $347,666 $262,815 $2,124,503 $84,851
2022 $346,717 $285,548 $2,184,371 $61,169
2021 $216,511 $207,630 $2,448,853 $8,881
2020 $138,579 $260,944 $1,992,027 $-122,365
2019 $233,597 $261,339 $2,238,574 $-27,742
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare INDEPENDENT ASSOCIATION OF FRAMINGHAM STATE ALUMNI with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.