EDUCATIONAL ASSOCIATION OF WORCESTER INC

EIN: 042395383

WORCESTER, MA

Total Revenue
$628,197
Total Expenses
$530,209
Total Assets
$873,358
Net Assets
$833,556
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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
1978
Legal Domicile
MA
Principal Officer
PATRICK MCKEON
Phone
5087913296
Tax Period
2024-07-01 to 2025-06-30

EDUCATIONAL ASSOCIATION OF WORCESTER INC, founded in 1978, is a small nonprofit that reported $628K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $98K, a strong 16% operating margin.

Mission

TO SUPPORT THE RIGHTS OF ITS MEMBER TEACHERS AND THE PUBLIC EDUCATIONAL SYSTEM WITHIN WORCESTER, MA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $92,968
Program Service Revenue $533,373
Investment Income $1,856
Other Revenue $0
TOTAL REVENUE $628,197

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $307,088
Fundraising Expenses $42,830
Program Expenses $139,045
Other Expenses $222,121
TOTAL EXPENSES $530,209

Year-over-Year Comparison

2024 2023 Change
Revenue $628,197 $549,257 +0.1%
Expenses $530,209 $516,332 +0.0%
Net Income $97,988 $32,925 +2.0%
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

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Governance

Voting Members
15
Independent Members
15
Employees
4
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
2
$137,501
Total Directors
15
$142,595
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA VERDIER PRESIDENT 40.00
Officer Director
$11,000 $0 $130,501
PATRICK MCKEON TREASURER 10.00
Officer Director
$7,000 $0 $7,000
LUANN GALLAGHER RECORDING SE 1.00
Director
$0 $1,500 $1,500
LAUREN HAYES VOKE CHAIR 1.00
Director
$0 $599 $599
TINA MANSFIELD TRANSPORTATI 1.00
Director
$0 $599 $599
MELINDA MARTIN ESP CHAIR 1.00
Director
$0 $599 $599
CHRISTINE MOOSHIAN 1ST VICE PRE 1.00
Director
$0 $599 $599
YAHAIRA RODRIGUEZ ETHNIC MINOR 1.00
Director
$0 $599 $599
PHILIP SPELLANE 2ND VICE PRE 1.00
Director
$0 $599 $599
MARK BARANOFF EXECUTIVE SE 1.00
Director
$0 $0 $0
JENNIFER KEMPTON MIDDLE SCHOO 1.00
Director
$0 $0 $0
KATHLEEN NAPIERATA ADMINISTRATI 1.00
Director
$0 $0 $0
MARISSA SKEATES ELEMENTARY C 1.00
Director
$0 $0 $0
JAY TURNER HIGH SCHOOL 1.00
Director
$0 $0 $0
SHANNA WESTON MTA FIELD OR 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
2025 $628,197 $530,209 $873,358 $97,988
2024 $549,257 $516,332 $782,869 $32,925
2023 $512,545 $485,960 $713,311 $26,585
2022 $443,580 $469,813 $686,726 $-26,233
2021 $498,352 $464,636 $712,072 $33,716
2020 $481,961 $476,079 $677,804 $5,882
2019 $501,513 $435,299 $671,864 $66,214
2018 $402,970 $452,737 $601,264 $-49,767
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