RETIRED EDUCATORS ASSOCIATION OF MASSACHUSETTS (EIN 042429428) - 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

1983

Legal Domicile

Principal Officer

Marilyn Frank

Phone

5086240233

Tax Period

2021-10-01 to 2022-09-30

RETIRED EDUCATORS ASSOCIATION OF MASSACHUSETTS, founded in 1983, is a micro nonprofit in the Community Improvement sector that reported $76K in total revenue in fiscal year 2021. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $117K exceeded revenue, resulting in a 55% operating deficit.

Mission

SERVING THE INTERESTS OF RETIRED EDUCATORS OF MASSACHUSETTS

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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 (2021)

Revenue Breakdown

Contributions & Grants $70,962

Program Service Revenue $1,321

Investment Income $374

Other Revenue $2,850

TOTAL REVENUE $75,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,072

Fundraising Expenses $0

Program Expenses $0

Other Expenses $53,892

TOTAL EXPENSES $116,964

Year-over-Year Comparison

	2021	2020	Change
Revenue	$75,507	$97,950	-0.2%
Expenses	$116,964	$129,349	-0.1%
Net Income	$-41,457	$-31,399	+0.3%

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

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

$8,500

Total Directors

$8,500

Key Employees

$48,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen DeDonato	Executive Director	25	Key Emp	$48,000	$0	$48,000
John Harmon	Treasurer	2	Officer Director	$2,625	$0	$2,625
Marilyn Frank	President	2	Officer Director	$2,500	$0	$2,500
Frances Sacco	Secretary	2	Officer Director	$2,000	$0	$2,000
Richard Coffey	Treasurer	2	Officer Director	$875	$0	$875
Mary Ellen Sorensen	First Vice President	2	Officer Director	$500	$0	$500

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
2022	$75,507	$116,964	$225,321	$-41,457
2021	$97,950	$129,349	$266,848	$-31,399
2020	$103,411	$151,283	$298,247	$-47,872
2019	$125,239	$166,332	$346,119	$-41,093
2018	$269,428	$184,814	$259,341	$84,614

RETIRED EDUCATORS ASSOCIATION OF MASSACHUSETTS