Massachusetts Adoption Resource Exchange Inc

EIN: 042227431 501(c)(3)

Newton, MA

Total Revenue
$2,192,526
Total Expenses
$2,091,739
Total Assets
$1,219,364
Net Assets
$693,578
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
MA
Principal Officer
BRIDGET CHIARUTTINI
Phone
6179646273
Tax Period
2024-07-01 to 2025-06-30

Massachusetts Adoption Resource Exchange Inc, founded in 1957, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 5% surplus.

Mission

THE MASSACHUSETTS ADOPTION RESOURCE EXCHANGE EXISTS TO FIND "A PERMANENT PLACE TO CALL HOME" FOR CHILDREN IN FOSTER CARE IN MASSACHUSETTS, INCLUDING SIBLING GROUPS AND CHILDREN WHO ARE TRADITIONALLY HARDER TO PLACE. WE DO THIS BY RECRUITING, EDUCATING, SUPPORTING AND ADVOCATING FOR FAMILIES THROUGHOUT THE ADOPTION PROCESS WHILE TARGETING RECRUITMENT EFFORTS TO ATTRACT POTENTIAL PARENTS FOR SPECIFIC CHILDREN. WE ARE THE COMMONWEALTH'S CENTRAL CLEARING HOUSE FOR ADOPTION INFORMATION AND REFERRAL, AND WE WORK TO IDENTIFY MATCHES BETWEEN CHILDREN AND FAMILIES.

Program Service Accomplishments

Program 1
Expenses: $1,726,918 Revenue: $1,000,631

FINDING ADOPTIVE HOMES FOR CHILDREN.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,134,944
Program Service Revenue $1,000,631
Investment Income $13,398
Other Revenue $43,553
TOTAL REVENUE $2,192,526

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,754,763
Fundraising Expenses $170,840
Program Expenses $1,726,918
Other Expenses $336,976
TOTAL EXPENSES $2,091,739

Year-over-Year Comparison

2024 2023 Change
Revenue $2,192,526 $1,951,000 +0.1%
Expenses $2,091,739 $1,961,768 +0.1%
Net Income $100,787 $-10,768 -10.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
17
Independent Members
16
Employees
21
Volunteers
100

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
5
$141,291
Total Directors
17
$141,291
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bridget K Chiaruttini Executive Director 35.0
Officer Director
$136,500 $4,791 $141,291
Meghan Hamilton Director of Development 35.0
Highest
$102,308 $623 $102,931
Tim Eisenstadt Co-President 1.0
Officer Director
$0 $0 $0
Shawn McNinch co-president 1.0
Officer Director
$0 $0 $0
Kevin Cotreau Treasurer 1.0
Officer Director
$0 $0 $0
Kelli Powell CLERK 1.0
Officer Director
$0 $0 $0
Michele Benkis Director 1.0
Director
$0 $0 $0
Tony Lacasse Director 1.0
Director
$0 $0 $0
Carly Burton Director 1.0
Director
$0 $0 $0
Gary Lyon Director 1.0
Director
$0 $0 $0
Tracey Aronson Director 1.0
Director
$0 $0 $0
David Geller Director 1.0
Director
$0 $0 $0
Jamie Caron Director 1.0
Director
$0 $0 $0
Jim Campbell DIRector 1.0
Director
$0 $0 $0
Sandra Pyram-Loyer Director 1.0
Director
$0 $0 $0
Dan Cullinane Director 1.0
Director
$0 $0 $0
Marisele Esperance Director 1.0
Director
$0 $0 $0
Glavia Smith Director 1.0
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 $2,192,526 $2,091,739 $1,219,364 $100,787
2024 No data No data No data No data
2023 $1,869,280 $1,910,480 $904,673 $-41,200
2022 $1,819,619 $1,767,445 $778,210 $52,174
2021 $1,930,540 $1,645,274 $742,021 $285,266
2020 $1,399,280 $1,470,812 $695,442 $-71,532
2019 $1,401,148 $1,458,998 $491,624 $-57,850
2018 $1,359,090 $1,319,696 $536,390 $39,394
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