USS MASSACHUSETTS MEMORIAL COMMITTEE INC (EIN 042377049) - 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

JUSTIN BOND

Phone

5086781100

Tax Period

2023-10-01 to 2024-09-30

USS MASSACHUSETTS MEMORIAL COMMITTEE INC, founded in 1964, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Net assets of $9.8M represent 53 months of operating reserves.

Mission

BATTLESHIP COVE IS A WAR MEMORIAL AND HISTORIC MILITARY MUSEUM.

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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 $1,161,252

Program Service Revenue $1,273,319

Investment Income $-307,083

Other Revenue $82,023

TOTAL REVENUE $2,209,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $667,519

Fundraising Expenses $32,611

Program Expenses $1,758,445

Other Expenses $1,688,552

TOTAL EXPENSES $2,356,071

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,209,511	$3,102,097	-0.3%
Expenses	$2,356,071	$2,248,765	+0.0%
Net Income	$-146,560	$853,332	-1.2%

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

150

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

$54,020

Total Directors

$54,020

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN BOND	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTOPHER NARDI	TREASURER	40.00	Officer Director	$54,020	$0	$54,020
DAVID DENNIS ESQ	CLERK	1.00	Officer Director	$0	$0	$0
KATHLEEN HARRINGTON RSM	ASSISTANT CL	1.00	Officer Director	$0	$0	$0
MARY ANN BOURKE CLANCY ESQ	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RICHARD ANGELINI ESQ	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DEREK FARIAS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN S CASEY CAPT USNR RET	DIRECTOR	1.00	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
2024	$2,315,055	$2,885,312	$12,251,637	$-570,257
2024	$2,209,511	$2,356,071	$12,035,133	$-146,560
2023	$3,102,097	$2,248,765	$12,942,745	$853,332
2022	$3,270,153	$2,154,649	$12,015,976	$1,115,504
2021	$1,967,079	$1,393,403	$9,030,602	$573,676
2020	$1,410,594	$2,083,042	$8,210,465	$-672,448
2019	$2,329,184	$2,617,394	$7,643,241	$-288,210

USS MASSACHUSETTS MEMORIAL COMMITTEE INC