Massachusetts High Technology Council Inc (EIN 042626050) - 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

1978

Legal Domicile

Phone

7817862662

Tax Period

2023-11-01 to 2024-10-31

Massachusetts High Technology Council Inc, founded in 1978, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 40% operating margin.

Mission

The Massachusetts High Technology Council, Inc. is an organization of CEOs and seniorexecutives representing technology companies, professional services firms, andacademic and research institutions who are dedicated to creating and sustainingconditions that support investment, job growth and improved quality of life inMassachusetts Our mission is to help make Massachusetts the worlds most attractiveplace in which to live and work, and in which to create, operate and grow hightechnology businesses.

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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 $1,278,813

Program Service Revenue $1,621,000

Investment Income $2,552

Other Revenue $15,000

TOTAL REVENUE $2,917,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,335,071

Fundraising Expenses $0

Other Expenses $403,098

TOTAL EXPENSES $1,738,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,917,365	$1,402,581	+1.1%
Expenses	$1,738,169	$1,869,351	-0.1%
Net Income	$1,179,196	$-466,770	-3.5%

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

$741,521

Total Directors

$741,521

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher R Anderson	President	50.00	Officer Director	$608,925	$132,596	$741,521
Raymond Bigelow	Director	0.00	Director	$0	$0	$0
John Chartier	Director	0.00	Director	$0	$0	$0
Julie Chen	Director	0.00	Director	$0	$0	$0
E LaBrent Chrite	Director	0.00	Director	$0	$0	$0
Michael J Kendall	Secretary	1.00	Officer Director	$0	$0	$0
John Connaughton	Director	0.00	Director	$0	$0	$0
Corey Thomas	Chairman	1.00	Officer Director	$0	$0	$0
Stephen P DeFalco	Director	1.00	Director	$0	$0	$0
Ranch Kimball	Director	1.00	Director	$0	$0	$0
Rebecca Diaz	Director	0.00	Director	$0	$0	$0
Grace H Lee	Director	0.00	Director	$0	$0	$0
Russell Low	Director	0.00	Director	$0	$0	$0
John TC Lee	Chairman	1.00	Officer Director	$0	$0	$0
Robert L Reynolds	Director	1.00	Director	$0	$0	$0
Peter Healy	Director	1.00	Director	$0	$0	$0
Valery Panier	Director	0.00	Director	$0	$0	$0
Michael P Plisinski	Director	0.00	Director	$0	$0	$0
Christopher Egan	Director	1.00	Director	$0	$0	$0
Adam Partnoy	Director	0.00	Director	$0	$0	$0
Brian Shortsleeve	Director	0.00	Director	$0	$0	$0
William J Ribaudo	Treasurer	1.00	Officer Director	$0	$0	$0
Grace Wang	Director	0.00	Director	$0	$0	$0
Douglas Robbins	Director	1.00	Director	$0	$0	$0
John Weaver	Director	0.00	Director	$0	$0	$0
Jean-Charles Wirth	Director	0.00	Director	$0	$0	$0
Navjot Singh	Director	1.00	Director	$0	$0	$0
John Capone	Director	1.00	Director	$0	$0	$0
Catherine Kinker	Director	1.00	Director	$0	$0	$0
Puneet Mahajan	Director	1.00	Director	$0	$0	$0
Dan Shine	Director	1.00	Director	$0	$0	$0
Marcelo Suarez-Orozco	Director	1.00	Director	$0	$0	$0
Jane Steinmetz	Director	1.00	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
2024	$2,917,365	$1,738,169	$1,372,729	$1,179,196
2023	$1,402,581	$1,869,351	$457,583	$-466,770
2022	$2,043,088	$2,145,585	$826,752	$-102,497
2021	$1,877,936	$1,616,198	$1,104,161	$261,738
2020	$1,728,736	$1,719,671	$728,878	$9,065
2019	$1,624,561	$1,682,510	$620,501	$-57,949
2018	$1,776,443	$2,073,520	$771,880	$-297,077

Massachusetts High Technology Council Inc