Retired State County and Municipal Employees Association of MA (EIN 042458721) - 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

1968

Legal Domicile

Principal Officer

Joseph Connarton

Phone

6177237283

Tax Period

2024-01-01 to 2024-12-31

Retired State County and Municipal Employees Association of MA, founded in 1968, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024.

Mission

To protect and promote the conditions for state, county and municipal retirees, with regard to retirement, insurance and related economic benefits.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,289,047

Program Service Revenue $0

Investment Income $7,838

Other Revenue $44,569

TOTAL REVENUE $1,341,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $790,677

Fundraising Expenses $0

Other Expenses $670,704

TOTAL EXPENSES $1,461,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,341,454	$1,292,322	+0.0%
Expenses	$1,461,381	$1,453,145	+0.0%
Net Income	$-119,927	$-160,823	-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

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

$160,324

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank Valeri	President	40.00	Officer	$0	$0	$0
Shawn Duhamel	CEO	50.00	Officer Highest	$160,324	$0	$160,324
Judith Langone	Secretary	0.25	Officer	$0	$0	$0
Joseph Connarton	Treasurer	15.00	Officer	$0	$0	$0
Paul Shanley	Executive Vice President	0.25	Officer	$0	$0	$0
Tim Hannigan	VP Berkshire District	0.25	Officer	$0	$0	$0
Karl Scmaelzle	VP Western District	0.25	Officer	$0	$0	$0
Edward Pietrewicz	VP Central District	0.25	Officer	$0	$0	$0
Denis Devine	VP Middelsex District	0.25	Officer	$0	$0	$0
Jacqueline Gorrie	VP Northern District	0.25	Officer	$0	$0	$0
Willin Flippin	VP Eastern District	0.25	Officer	$0	$0	$0
Steven Rivard	VP Southern District	0.25	Officer	$0	$0	$0
Robert Powilatis	VP Plymouth, Cape & Islands	0.25	Officer	$0	$0	$0
Thomas Bonarrigo	Legislative Chairman	24.00	Key Emp	$0	$0	$0
Cheryl Stillman	Executive Board	24.00	Key Emp	$0	$0	$0
Anne Wass	Executive Board	0.25	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	No data	No data	No data	No data
2024	$1,341,454	$1,461,381	$434,306	$-119,927
2023	$1,292,322	$1,453,145	$551,055	$-160,823
2022	$1,221,082	$1,325,744	$732,960	$-104,662
2021	$1,223,732	$1,412,193	$812,349	$-188,461
2020	$1,286,664	$1,376,449	$988,923	$-89,785

Retired State County and Municipal Employees Association of MA