MASSACHUSETTS ENERGY MARKETERS ASS… - Form 990 Financial Data

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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

1954

Legal Domicile

Principal Officer

MICHAEL FERRANTE

Phone

7813650844

Tax Period

2023-12-01 to 2024-11-30

MASSACHUSETTS ENERGY MARKETERS ASSOCIATION INC, founded in 1954, is a small nonprofit that reported $658K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $598K left a modest 9% surplus.

Mission

A TRADE ASSOCIATION SERVING AND REPRESENTING MEMBERS DOING BUSINESS IN THE STATE OF MASSACHUSETTS.

Program Service Accomplishments

Program 1

PROMOTE THE SALE OF HEATING OIL AND RENEWABLE LIQUID FUELS THROUGH VARIOUS ADVERTISING, MARKETING AND COMMUNICATION ACTIVITIES.

Program 2

PROTECTED AND FOSTERED THE BEST INTEREST OF THE INDUSTRY AND THE CONSUMER. DISSEMINATE USEFUL AND TIMELY INFORMATION TO THE INDUSTRY AND THE CONSUMING PUBLIC.

Program 3

MONITORED ALL PERTINENT LEGISLATION AND REGULATORY ACTIVITY AND COORDINATE UNIFIED ACTION BY ALL INDUSTRY SEGMENTS.

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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 $350,719

Program Service Revenue $307,621

Investment Income $97

Other Revenue $0

TOTAL REVENUE $658,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $303,334

Fundraising Expenses $0

Other Expenses $294,455

TOTAL EXPENSES $597,789

Year-over-Year Comparison

	2023	2022	Change
Revenue	$658,437	$830,023	-0.2%
Expenses	$597,789	$804,418	-0.3%
Net Income	$60,648	$25,605	+1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MACFARLANE	EXECUTIVE/FINACE & NOMINATING COMMITTEE MBR.	0.00	Officer Director	$0	$0	$0
LEO VERRUSO	EXECUTIVE/FINANCE & NOMINATING COMMITTEE MBR.	0.00	Officer Director	$0	$0	$0
LAURA CARBONE	EXECUTIVE/FINANCE & NOMINATING COMMITTEE MBR.	0.00	Officer Director	$0	$0	$0
TED NOONAN	EXECUTIVE/FINANCE & NOMINATING COMMITTEE MBR.	0.00	Officer Director	$0	$0	$0
CHARLES UGLIETTO	EXECUTIVE/FINACE & NOMINATING COMMITTEE MBR.	0.00	Officer Director	$0	$0	$0
SCOTT BOUVIER	DIRECTOR	0.00	Director	$0	$0	$0
CHRIS LEBOEUF	EXEC/FIN CMTEE MBR. & SENIOR VICE CHAIRMAN NOMINAT	0.00	Officer Director	$0	$0	$0
DON NOGUEIRA	DIRECTOR	0.00	Director	$0	$0	$0
ADAM SCOTT	TREASURER/EXECUTIVE/FINACE & NOMINATING COMMITTEE	0.00	Officer Director	$0	$0	$0
DANIEL SILVERMAN	EXECUTIVE/FINACE & NOMINATING COMMITTEE MBR.	0.00	Director	$0	$0	$0
ART CHAVES	CHAIRMAN OF THE BOARD, EXEC/FIN & NOMINATING CMTEE	0.00	Officer Director	$0	$0	$0
MATTHEW HARRISON	DIRECTOR	0.00	Director	$0	$0	$0
CARRIE TOMFORDE	DIRECTOR	0.00	Director	$0	$0	$0
ERIK GECKLER	DIRECTOR	0.00	Director	$0	$0	$0
JIM TOWNSEND	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL LAMPARELLI	EXECUTIVE/FINACE & NOMINATING COMMITTEE MBR.	0.00	Director	$0	$0	$0
GAVIN WILLIAMS	DIRECTOR	0.00	Director	$0	$0	$0
BEN FAWCETT	DIRECTOR	0.00	Director	$0	$0	$0
JAMES BLAKE	DIRECTOR	0.00	Director	$0	$0	$0
JAMES SALEMME	DIRECTOR	0.00	Director	$0	$0	$0
ANDREW DAVISON	DIRECTOR	0.00	Director	$0	$0	$0
CHARITY LOMBARDI-SIMARD	DIRECTOR	0.00	Director	$0	$0	$0
JOSEPH COTE	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN HORGAN	EXECUTIVE/FINACE & NOMINATING COMMITTEE MBR.	0.00	Officer Director	$0	$0	$0
PATRICK MELIA	DIRECTOR	0.00	Director	$0	$0	$0
JOSEPH SALVADOR	DIRECTOR	0.00	Director	$0	$0	$0
MARK BRIDEAU	DIRECTOR	0.00	Director	$0	$0	$0
TOM KILBRIDE	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL TRASK	DIRECTOR	0.00	Director	$0	$0	$0
LESLIE CERNAK	DIRECTOR	0.00	Director	$0	$0	$0
BILL MACCHI	DIRECTOR	0.00	Director	$0	$0	$0
BLAKE BANKY	DIRECTOR	0.00	Director	$0	$0	$0
STEVE SACK	DIRECTOR	0.00	Director	$0	$0	$0
KEN WILLIAMS	EXECUTIVE/FINANCE & NOMINATING COMMITTEE MBR.	0.00	Director	$0	$0	$0
GREG O'CONNOR	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL DEVINE	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL FERRANTE	PRESIDENT, SECRETARY	40.00	Highest	$142,143	$8,102	$150,245

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	$658,437	$597,789	$295,538	$60,648
2023	$830,023	$804,418	$218,638	$25,605
2022	$588,264	$638,057	$208,621	$-49,793
2021	$533,273	$487,787	$141,310	$45,486
2020	$443,310	$486,946	$102,462	$-43,636

MASSACHUSETTS ENERGY MARKETERS ASSOCIATION INC