Massachusetts Adoption Resource Exchange Inc (EIN 042227431) - 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

1957

Legal Domicile

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

FINDING ADOPTIVE HOMES FOR CHILDREN BY MATCHING CHILDREN WITH POTENTIAL ADOPTIVE PARENTS AND PROVIDING INFORMATION ON CHILDREN AWAITING ADOPTION.

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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 (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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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

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

$141,291

Total Directors

$141,291

Key Employees

Highest Compensated

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

Massachusetts Adoption Resource Exchange Inc