THE KEY PROGRAM INCORPORATED (EIN 042539878) - 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

1974

Legal Domicile

Principal Officer

TAMMY MELLO

Phone

5088773690

Tax Period

2023-07-01 to 2024-06-30

THE KEY PROGRAM INCORPORATED, founded in 1974, is a mid-sized nonprofit in the Human Services sector that reported $53.7M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.4M, a strong 18% operating margin.

Mission

ASSIST CHILDREN AND THEIR FAMILIES IN DEVELOPING POSITIVE LIFE SKILLS SO THEY MAY PURSUE PRODUCTIVE AND REWARDING LIVES.

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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 $141,121

Program Service Revenue $52,079,371

Investment Income $1,431,643

Other Revenue $0

TOTAL REVENUE $53,652,135

Expense Breakdown

Grants Paid $521,000

Salaries & Benefits $34,986,717

Fundraising Expenses $65,769

Program Expenses $39,055,561

Other Expenses $8,706,963

TOTAL EXPENSES $44,214,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,652,135	$43,508,279	+0.2%
Expenses	$44,214,680	$37,641,345	+0.2%
Net Income	$9,437,455	$5,866,934	+0.6%

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

523

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

$707,563

Total Directors

$312,590

Key Employees

$807,270

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY MELLO	PRESIDENT & CEO	40.00	Officer Director	$288,095	$24,495	$312,590
EDWARD FELDSTEIN ESQ	CHAIRMAN AND CLERK	2.00	Officer Director	$0	$0	$0
HOWARD COREY	TREASURER	1.00	Officer Director	$0	$0	$0
MARIE AHERN	DIRECTOR	1.00	Director	$0	$0	$0
RONALD ARDINE	DIRECTOR (AS OF 4/24)	1.00	Director	$0	$0	$0
ALLISON BERNIER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL C CUSCIA	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH IMBRIANI ESQ CPA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM LYTTLE	DIRECTOR	1.00	Director	$0	$0	$0
DINO MANCINI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MUSGROVE	DIRECTOR (AS OF 12/23)	1.00	Director	$0	$0	$0
HOPE HASLAM STRAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WORONKA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BURKE	CHIEF FINANCIAL OFFICER	40.00	Officer	$204,999	$30,931	$235,930
PATRICIA DEDORA-ST GERMAIN	CHIEF OPERATING OFFICER (TO 11/23)	40.00	Officer	$148,174	$10,869	$159,043
MICHAEL MURRAY	CHIEF OPERATING OFFICER (AS OF 2/24)	40.00	Officer	$0	$0	$0
MICHAEL GOODWIN	DIRECTOR WESTERN MA OPS	40.00	Key Emp	$305,550	$61,692	$367,242
PATRICIA FOKAS	DIRECTOR HUMAN RESOURCES	40.00	Key Emp	$198,251	$56,238	$254,489
PAULA STAHL	DIRECTOR OF CHILDRENS CHARTER	40.00	Key Emp	$157,207	$28,332	$185,539
JACK ARAUJO	CONTROLLER	40.00	Highest	$162,365	$47,222	$209,587
MICHAEL BRENNAN	DIRECTOR OF CENTRAL	40.00	Highest	$151,859	$27,943	$179,802
MARY MALONE	RECRUITER	40.00	Highest	$144,206	$41,854	$186,060
LYNN MEFFEN	CLINICIAN	40.00	Highest	$142,622	$42,342	$184,964
KAREN FLANERY	DIRECTOR OF AGENCY CLINICAL SERVICES	40.00	Highest	$132,854	$46,057	$178,911
MATTHEW STEVENS	CLINICIAN	40.00	Highest	$130,586	$42,056	$172,642
SCOTT BRUM	DIRECTOR OF SE & RI	40.00	Highest	$127,385	$22,501	$149,886
MEGHAN BAILEY	DIRECTOR OF CENTRAL/NW	40.00	Highest	$125,602	$46,709	$172,311
TRI PHAM	IT MANAGER	40.00	Highest	$104,456	$43,009	$147,465

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	$53,652,135	$44,214,680	$41,821,932	$9,437,455
2023	$43,508,279	$37,641,345	$30,943,861	$5,866,934
2022	$38,919,739	$36,553,251	$22,606,194	$2,366,488
2021	$35,794,308	$35,588,743	$20,116,618	$205,565
2020	$34,514,371	$31,682,003	$19,060,938	$2,832,368
2019	$32,463,552	$32,422,111	$15,413,724	$41,441

THE KEY PROGRAM INCORPORATED