RETAILERS ASSOCIATION OF MASSACHUSETTS INC

EIN: 042311993

BOSTON, MA

Total Revenue
$4,900,051
Total Expenses
$3,853,639
Total Assets
$5,549,564
Net Assets
$5,544,115
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
MA
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

TO PROMOTE THE INTERESTS OF MASSACHUSETTS RETAILERS TO THE GENERAL PUBLIC AND PROVIDING EDUCATIONAL AND COST SAVING SERVICES TO MEMBERS.

Program Service Accomplishments

Program 1

PROMOTING THE INTERESTS OF RETAILERS IN MASSACHUSETTS TO THE GENERAL PUBLIC AND PROVIDING EDUCATIONAL AND COST SAVING SERVICES TO MEMBERS. SERVING 3,831 MEMBERS.

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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 (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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Governance

Voting Members
29
Independent Members
29
Employees
9
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
6
$760,464
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
3
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
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