RETAILERS ASSOCIATION OF MASSACHUSETTS INC (EIN 042311993) - 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

1964

Legal Domicile

Principal Officer

JON B HURST

Phone

6175231900

Tax Period

2023-01-01 to 2023-12-31

RETAILERS ASSOCIATION OF MASSACHUSETTS INC, founded in 1964, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2023. The organization ran a surplus of $1.0M, a strong 21% operating margin.

Mission

PROMOTING THE INTEREST OF RETAILERS IN MASSACHUSETTS TO THE GENERAL PUBLIC.

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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 $4,265,858

Investment Income $172,543

Other Revenue $461,650

TOTAL REVENUE $4,900,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,590,763

Fundraising Expenses $0

Other Expenses $2,262,876

TOTAL EXPENSES $3,853,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,900,051	$4,604,235	+0.1%
Expenses	$3,853,639	$3,644,521	+0.1%
Net Income	$1,046,412	$959,714	+0.1%

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

$760,464

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEROME MURPHY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RACHEL KAPRIELIAN	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
ERIN CALVO-BACCI	SECRETARY	1.00	Officer Director	$0	$0	$0
WENDY MORTON HUDSON	TREASURER	1.00	Officer Director	$0	$0	$0
DIANA O'DONOGHUE	DIRECTOR	0.50	Director	$0	$0	$0
DENEVAN O'CONNELL	DIRECTOR	0.50	Director	$0	$0	$0
ED PENTA	DIRECTOR	0.50	Director	$0	$0	$0
DAVE RATNER	DIRECTOR	0.50	Director	$0	$0	$0
HAROLD TUBMAN	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE CAREY	DIRECTOR	0.50	Director	$0	$0	$0
ERIK HYNES	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS BUCHANAN	DIRECTOR	0.50	Director	$0	$0	$0
DAVID VANDERWOUDE	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN LARRABEE	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTIANA FISHER	DIRECTOR	0.50	Director	$0	$0	$0
DENNIS CONLIN	DIRECTOR	0.50	Director	$0	$0	$0
MATT CHAMPION	DIRECTOR	0.50	Director	$0	$0	$0
NEIL ABRAMSON	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT SAQUET	DIRECTOR	0.50	Director	$0	$0	$0
ALAN LAVINE	DIRECTOR	0.50	Director	$0	$0	$0
JASON ELLIS	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM GABOVITCH	DIRECTOR	0.50	Director	$0	$0	$0
ERIC MICHELSON	DIRECTOR	0.50	Director	$0	$0	$0
JUDY HERRELL	DIRECTOR	0.50	Director	$0	$0	$0
JACKIE LEVINE	DIRECTOR	0.50	Director	$0	$0	$0
KELLY LANNON	DIRECTOR	0.50	Director	$0	$0	$0
KAREN HAYES	DIRECTOR	0.50	Director	$0	$0	$0
GRAHAM LUCE	DIRECTOR	0.50	Director	$0	$0	$0
SEAN CONNER	DIRECTOR	0.50	Director	$0	$0	$0
JON B HURST	PRESIDENT	40.00	Officer	$429,618	$50,539	$480,157
WILLIAM RENNIE	VICE-PRESIDENT	40.00	Officer	$225,838	$54,469	$280,307
RYAN KEARNEY	GENERAL COUNSEL	40.00	Highest	$188,750	$26,549	$215,299
JOSEPH BARNES	BUSINESS DEVELOPMENT DIREC	40.00	Highest	$135,300	$0	$135,300
ANDREA SHEA	MEMBERSHIP DEVELOPMENT	40.00	Highest	$158,405	$0	$158,405

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	No data	No data	No data	No data
2023	$4,900,051	$3,853,639	$5,549,564	$1,046,412
2022	$4,604,235	$3,644,521	$4,610,269	$959,714
2021	$3,018,694	$2,419,379	$3,783,958	$599,315
2020	$2,526,091	$2,270,274	$3,140,902	$255,817
2019	$2,316,663	$1,905,606	$2,853,468	$411,057
2018	$2,328,158	$2,234,164	$2,212,744	$93,994

RETAILERS ASSOCIATION OF MASSACHUSETTS INC