SELF HELP INC

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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

1965

Legal Domicile

Principal Officer

JONATHAN CARLSON

Phone

5085880447

Tax Period

2023-10-01 to 2024-09-30

SELF HELP INC, founded in 1965, is a mid-sized nonprofit in the Human Services sector that reported $52.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $50.6M left a modest 4% surplus.

Mission

TO REDUCE POVERTY, INCREASE SELF-SUFFICIENCY AND IMPROVE THE COMMUNITY BY PROVIDING RESOURCES FOR PEOPLE TO CREATE HEALTHIER, BETTER LIVES AND ACHIEVE THEIR FULL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $34,686,698

ENERGY PROGRAMS ASSIST ELIGIBLE HOUSEHOLDS TO PAY THEIR HEATING BILLS; PROVIDE REPAIRS AND REPLACEMENT OF HEATERS TO HOMEOWNERS AND TENANTS; AND PROVIDE INSULATION, AIR SEALING AND PERFORM HEALTH AND SAFETY TESTING AT NO COST TO HOMEOWNERS OR TENANTS IN THE SOUTHEASTERN AREA OF MASSACHUSETTS.

Program 2

Expenses: $13,339,052

HEAD START PROGRAM PROVIDES EDUCATION, HEALTH, NUTRITION AND SOCIAL SERVICES TO PRE-SCHOOL CHILDREN AGES 2 YEARS AND 9 MONTHS THROUGH 5 YEARS OF AGE FROM INCOME ELIGIBLE FAMILIES. OTHER CHILDCARE...

HEAD START PROGRAM PROVIDES EDUCATION, HEALTH, NUTRITION AND SOCIAL SERVICES TO PRE-SCHOOL CHILDREN AGES 2 YEARS AND 9 MONTHS THROUGH 5 YEARS OF AGE FROM INCOME ELIGIBLE FAMILIES. OTHER CHILDCARE SERVICES INCLUDE PROGRAMS FROM THE COMMONWEALTH OF MASSACHUSETTS THAT PROVIDE A PRESCHOOL CURRICULUM SIMILAR TO HEAD START AND RECEIVE NUTRITIOUS MEALS AS WELL.

Program 3

Expenses: $727,821

FAMILY AND COMMUNITY ENGAGEMENT PROVIDES FREE EDUCATIONAL ACTIVITIES, WORKSHOPS, INFORMATION, AND RESOURCES FOR CHILDREN AND FAMILIES SO THEY CAN REACH THEIR FULL POTENTIAL.

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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 $52,752,794

Program Service Revenue $0

Investment Income $6,799

Other Revenue $0

TOTAL REVENUE $52,759,593

Expense Breakdown

Grants Paid $23,573,440

Salaries & Benefits $14,455,971

Fundraising Expenses $0

Program Expenses $48,753,571

Other Expenses $12,576,235

TOTAL EXPENSES $50,605,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,759,593	$43,395,287	+0.2%
Expenses	$50,605,646	$42,297,341	+0.2%
Net Income	$2,153,947	$1,097,946	+1.0%

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

259

Volunteers

466

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

$302,491

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON ANDERSON	PRES. SINCE MAY '24 (VP TO MAY '24)	1.00	Officer Director	$0	$0	$0
RAYMOND YANCY	PRESIDENT (TO MAY '24)	1.00	Officer Director	$0	$0	$0
MICHELLE HATCH CPA	TREASURER	1.00	Officer Director	$0	$0	$0
ANN SHAW	SECRETARY	1.00	Officer Director	$0	$0	$0
BEVERLY DANCEY	DIRECTOR	1.00	Director	$0	$0	$0
XAVIER ARIAS TEJEDA	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HANSON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH ANN LAROSEE	DIRECTOR	1.00	Director	$0	$0	$0
VIVIAN RENE	DIRECTOR	1.00	Director	$0	$0	$0
IRENE FRECCHETTE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN M MESSIA	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MILNE	DIRECTOR	1.00	Director	$0	$0	$0
SAMIRA MURILLO	DIRECTOR	1.00	Director	$0	$0	$0
KATIE GOLDRICK	DIRECTOR	1.00	Director	$0	$0	$0
LORRAINE SIMON	DIRECTOR (TO MAR '24)	1.00	Director	$0	$0	$0
DEVONNA BUFFALO	DIRECTOR (TO APR '24)	1.00	Director	$0	$0	$0
JONATHAN CARLSON	EXECUTIVE DIRECTOR	35.00	Officer	$141,763	$20,122	$161,885
CHRISTOPHER MCLAIN	CHIEF FINANCIAL OFFICER	35.00	Officer	$135,463	$5,143	$140,606
NANCY SULLIVAN	HEAD START DEPUTY DIRECTOR	35.00	Highest	$135,074	$19,014	$154,088
DAVID BIGDA	HEAD START DIRECTOR	35.00	Highest	$132,796	$31,118	$163,914
JASON PREUSS	DIRECTOR OF CONSERVATION	35.00	Highest	$123,899	$17,094	$140,993
CYNTHIA MITCHELL	DEPUTY DIRECTOR OF PROGRAM SERVICES	35.00	Highest	$118,566	$41,299	$159,865
COLLEEN HUGHES	CONTROLLER	35.00	Highest	$113,799	$6,359	$120,158

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	$52,759,593	$50,605,646	$13,052,824	$2,153,947
2023	$43,395,287	$42,297,341	$12,681,705	$1,097,946
2022	$43,697,455	$43,213,580	$11,398,165	$483,875
2021	$26,648,737	$26,320,956	$9,740,164	$327,781
2020	$26,981,315	$26,298,540	$8,062,792	$682,775
2019	$26,514,378	$26,413,663	$7,155,055	$100,715
2018	$24,820,243	$24,592,459	$6,931,916	$227,784