Association of Independent Colleges and Universities of Massachusetts Inc (EIN 042546632) - 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

ROBERT MCCARRON

Phone

6177425147

Tax Period

2024-06-01 to 2025-05-31

Association of Independent Colleges and Universities of Massachusetts Inc, founded in 1974, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024.

Mission

TO REPRESENT THE COMMON INTERESTS OF INDEPENDENT COLLEGES AND UNIVERSITIES IN MASSACHUSETTS BY PROPOSING, SUPPORTING AND WORKING WITH THE LEGISLATURE (PRIMARILY AT THE STATE LEVEL) FOR THE BEST INTERESTS OF INDEPENDENT COLLEGES AND UNIVERSITIES AND THOSE ASSOCIATED WITH THE SCHOOLS.

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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 $1,598,589

Program Service Revenue $0

Investment Income $38,693

Other Revenue $0

TOTAL REVENUE $1,637,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,038,660

Fundraising Expenses $0

Program Expenses $1,243,795

Other Expenses $574,701

TOTAL EXPENSES $1,613,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,637,282	$1,633,909	+0.0%
Expenses	$1,613,361	$1,556,699	+0.0%
Net Income	$23,921	$77,210	-0.7%

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

$326,813

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT MCCARRON	PRESIDENT	40.0	Officer	$297,917	$28,896	$326,813
SONYA HAGOPIAN	VP FOR COMMUNICATIONS	40.0	Highest	$220,272	$35,769	$256,041
KAITLYN PIRES	VP FOR ADMIN & MEMBER RELATION	40.0	Highest	$152,362	$34,998	$187,360
BRAD FREEMAN	VP FOR GOVERNMENT RELATIONS	40.0	Highest	$123,434	$32,176	$155,610
STEVEN DISALVO	CHAIR	1.0	Officer Director	$0	$0	$0
MARY LOU RETELLE	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
BRENT CHRITE	VICE CHAIR/CHAIR ELECT	1.0	Officer Director	$0	$0	$0
AISHA FRANCIS	DIRECTOR	1.0	Director	$0	$0	$0
FR WILLIAM P LEAHY SJ	DIRECTOR	1.0	Director	$0	$0	$0
MAUD MANDEL	DIRECTOR	1.0	Director	$0	$0	$0
MICHAELE WHELAN	DIRECTOR	1.0	Director	$0	$0	$0
SUNLI KUMAR	DIRECTOR	1.0	Director	$0	$0	$0
MARK THOMPSON	DIRECTOR	1.0	Director	$0	$0	$0
VINCE ROUGEAU	DIRECTOR	1.0	Director	$0	$0	$0
SARAH WILLIE-LEBRETON	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT JOHNSON	DIRECTOR	1.0	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	$1,637,282	$1,613,361	$1,422,726	$23,921
2024	$1,633,909	$1,556,699	$1,402,610	$77,210
2023	$1,594,316	$1,604,512	$1,321,718	$-10,196
2022	$1,542,960	$1,070,250	$1,385,327	$472,710
2021	$1,680,737	$1,565,006	$1,109,037	$115,731
2020	$1,663,177	$1,512,919	$915,127	$150,258
2019	$1,428,714	$1,432,610	$548,016	$-3,896

Association of Independent Colleges and Universities of Massachusetts Inc