BEAVERBROOK STEP INC

EIN: 042518911 501(c)(3) Human Services

WATERTOWN, MA

Total Revenue
$30,084,785
Total Expenses
$28,875,351
Total Assets
$22,020,393
Net Assets
$14,497,195
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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
1973
Legal Domicile
MA
Principal Officer
VIRGINIA A CONNOLLY
Phone
6179261113
Tax Period
2024-07-01 to 2025-06-30

BEAVERBROOK STEP INC, founded in 1973, is a mid-sized nonprofit in the Human Services sector that reported $30.1M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $28.9M left a modest 4% surplus.

Mission

BEAVERBROOK STEP, INC. IS A PRIVATE, NOT-FOR-PROFIT ORGANIZATION WHICH PROVIDES COMMUNITY-BASED RESIDENTIAL, DAY AND SUPPORT SERVICES TO ADULTS WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES IN EASTERN MASSACHUSETTS. THE ORGANIZATION ASSISTS WITH THE ACCESS, TRAINING AND OPPORTUNITIES NECESSARY TO FULLY EXPERIENCE THE BENEFITS OF COMMUNITY LIVING. THE ORGANIZATION STRIVES TO ENHANCE THE QUALITY OF LIFE OF INDIVIDUALS, WHILE ALSO FULFILLING OUR RESPONSIBILITY TO HELP OUR COMMUNITIES UNDERSTAND AND APPRECIATE THE TALENTS OF ALL OF ITS MEMBERS.

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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 $28,228
Program Service Revenue $29,993,674
Investment Income $61,392
Other Revenue $1,491
TOTAL REVENUE $30,084,785

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,179,588
Fundraising Expenses $0
Program Expenses $25,919,859
Other Expenses $5,695,763
TOTAL EXPENSES $28,875,351

Year-over-Year Comparison

2024 2023 Change
Revenue $30,084,785 $25,348,340 +0.2%
Expenses $28,875,351 $25,241,297 +0.1%
Net Income $1,209,434 $107,043 +10.3%
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

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Governance

Voting Members
9
Independent Members
9
Employees
495
Volunteers
18

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
7
$458,483
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTHUR MILLMAN DIRECTOR 1.50
Director
$0 $0 $0
AUGUSTA HAYDOCK DIRECTOR 1.50
Director
$0 $0 $0
JOHN SAUNDERS DIRECTOR (UNTIL 11/29/24) 1.50
Director
$0 $0 $0
KARIN TUTTLE DIRECTOR 1.50
Director
$0 $0 $0
KATHERINE ROCHE DIRECTOR 1.50
Director
$0 $0 $0
LAURRAINE LECORPS DIRECTOR 1.50
Director
$0 $0 $0
STANLEY KRUSZEWSKI PRESIDENT 1.50
Officer Director
$0 $0 $0
SHIRLEE PURCELL VICE PRESIDENT 1.50
Officer Director
$0 $0 $0
JOHN KENNEDY TREASURER 1.50
Officer Director
$0 $0 $0
SANDRA TOMASETTI CLERK 1.50
Officer Director
$0 $0 $0
VIRGINIA A CONNOLLY EXECUTIVE DIRECTOR 40.00
Officer
$163,629 $11,103 $174,732
MICHAEL BENT CFO (UNTIL 11/11/24) 40.00
Officer
$131,458 $804 $132,262
JOHN SANNELLA INTERIM CFO 16.00
Officer
$151,489 $0 $151,489
JESSICA A KIRWAN SENIOR DIRECTOR 40.00
Highest
$131,568 $30,867 $162,435
RICHARD CURRIER SENIOR DIRECTOR 40.00
Highest
$127,771 $3,585 $131,356
SUNDAY SSERUNKUMA STAFF ADVOCATE 40.00
Highest
$125,897 $10,170 $136,067
EMMA OPOLOT STAFF ADVOCATE 40.00
Highest
$123,290 $9,820 $133,110
GREGORY MICHEL STAFF ADVOCATE 40.00
Highest
$120,171 $9,648 $129,819
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 $30,084,785 $28,875,351 $22,020,393 $1,209,434
2024 $25,348,340 $25,241,297 $22,439,976 $107,043
2023 $24,649,963 $23,387,105 $19,876,316 $1,262,858
2022 $23,465,024 $22,166,057 $17,768,807 $1,298,967
2021 $24,067,657 $20,652,851 $17,100,817 $3,414,806
2020 $18,730,475 $18,639,090 $16,502,996 $91,385
2019 $16,924,070 $16,497,408 $13,178,217 $426,662
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