Collaborative for Regional Educational Services and Training

EIN: 042597978 501(c)(3) Education

Andover, MA

Total Revenue
$28,165,641
Total Expenses
$27,272,071
Total Assets
$30,314,059
Net Assets
$5,105,862
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
MA
Phone
9786853000
Tax Period
2024-07-01 to 2025-06-30

Collaborative for Regional Educational Services and Training, founded in 1974, is a mid-sized nonprofit in the Education sector that reported $28.2M in total revenue in fiscal year 2024. Expenses of $27.3M left a modest 3% surplus.

Mission

The mission of the Collaborative is to serve member school districts in meeting their unique needs in a changing global community through cooperative visionary leadership and coordination of resources and services. Collaborative services maximize efficiency, quality, and equity of educational opportunity.

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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 $2,506,606
Program Service Revenue $25,467,536
Investment Income $158,047
Other Revenue $33,452
TOTAL REVENUE $28,165,641

Expense Breakdown

Grants Paid $0
Salaries & Benefits $21,398,801
Fundraising Expenses $0
Program Expenses $25,151,837
Other Expenses $5,873,270
TOTAL EXPENSES $27,272,071

Year-over-Year Comparison

2024 2023 Change
Revenue $28,165,641 $26,957,555 +0.0%
Expenses $27,272,071 $26,055,928 +0.0%
Net Income $893,570 $901,627 0.0%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
434
Volunteers
10

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
2
$379,842
Total Directors
16
$0
Key Employees
2
$317,511
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Justin Bartholomew Director 1.00
Director
$0 $0 $0
Ralph Carrero Director 1.00
Director
$0 $0 $0
Sean Gallagher Director 1.00
Director
$0 $0 $0
Scott Morrison Director 1.00
Director
$0 $0 $0
Brian Blake Director 1.00
Director
$0 $0 $0
Brian Forget Director 1.00
Director
$0 $0 $0
John Lavoie Director 1.00
Director
$0 $0 $0
Mago Ferrick Director 1.00
Director
$0 $0 $0
Magda Parvey Director 1.00
Director
$0 $0 $0
Liam Skinner Director 1.00
Director
$0 $0 $0
Michael Harvey Director 1.00
Director
$0 $0 $0
Elizabeth McAndrews Director 1.00
Director
$0 $0 $0
Brandi Kwong Director 1.00
Director
$0 $0 $0
Pamela Lathrop Director 1.00
Director
$0 $0 $0
Margaret Marotta Director 1.00
Director
$0 $0 $0
Steven Stone Chair 1.00
Director
$0 $0 $0
Robert Jokela Executive Director 40.00
Officer
$210,759 $326 $211,085
J Eric Boes Director of Finance 40.00
Officer
$145,085 $23,672 $168,757
William Bryant Program Director 40.00
Key Emp Highest
$139,767 $23,670 $163,437
Bessie Politis Clinical Director 40.00
Key Emp Highest
$130,466 $23,608 $154,074
Andrea Lyn Holt Coordinator of Dist. Services and Student 40.00
Highest
$126,631 $23,626 $150,257
Dr Elizabeth Conway Director of HR 40.00
Highest
$122,947 $1,782 $124,729
Mark Warren Teacher 40.00
Highest
$122,589 $1,900 $124,489
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 $28,165,641 $27,272,071 $30,314,059 $893,570
2024 $26,957,555 $25,755,091 $29,023,681 $1,202,464
2023 $25,075,143 $23,815,659 $29,466,392 $1,259,484
2022 $21,491,048 $20,894,407 $29,061,456 $596,641
2021 $19,254,034 $17,885,905 $27,781,027 $1,368,129
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