MASS BOARD OF REAL ESTATE APPRAISERS (EIN 042706453) - 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

1934

Legal Domicile

Principal Officer

STEPHEN SOUSA

Phone

6178304530

Tax Period

2025-01-01 to 2025-12-31

MASS BOARD OF REAL ESTATE APPRAISERS, founded in 1934, is a small nonprofit that reported $178K in total revenue in fiscal year 2025.

Mission

To support, promote and encourage the highest level of professionalism and ethical appraisal standards, through education and communication, and to represent the interests of our 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $79,470

Program Service Revenue $97,141

Investment Income $1,887

Other Revenue $0

TOTAL REVENUE $178,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,342

Fundraising Expenses $0

Program Expenses $181,216

Other Expenses $72,874

TOTAL EXPENSES $181,216

Year-over-Year Comparison

	2025	2024	Change
Revenue	$178,498	$175,483	+0.0%
Expenses	$181,216	$195,649	-0.1%
Net Income	$-2,718	$-20,166	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA TOBACK	PRESIDENT	005.00	Officer Director	$0	$0	$0
NICHOLAS BONO	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
WILLIAM WHITING	TREASURER	001.00	Officer Director	$0	$0	$0
STACIE CHANDLER	SECRETARY	001.00	Officer Director	$0	$0	$0
ALLAN COHEN	PAST PRESIDENT	001.00	Director	$0	$0	$0
DORIANNE ALEXANDROPOULOS	TRUSTEE	001.00	Director	$0	$0	$0
JEFF BRADFORD	TRUSTEE	001.00	Director	$0	$0	$0
DANYL COLLINGS	TRUSTEE	001.00	Director	$0	$0	$0
PAUL FISHER	TRUSTEE	001.00	Director	$0	$0	$0
KAREN FRIEL	TRUSTEE	001.00	Director	$0	$0	$0
RICHARD LIPOF	TRUSTEE	001.00	Director	$0	$0	$0
JOSEPH CURLEY	TRUSTEE	001.00	Director	$0	$0	$0
PAUL MORGAN	TRUSTEE	001.00	Director	$0	$0	$0
TERRI OSTRANDER	TREASURER	001.00	Director	$0	$0	$0
JOANN WYNKOOP	TRUSTEE	001.00	Director	$0	$0	$0
JULIA LEE	TRUSTEE	001.00	Director	$0	$0	$0
N/A	EXECUTIVE VP	040.00	Officer Key Emp Highest	$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	$178,498	$181,216	$161,301	$-2,718
2024	$175,483	$195,649	$177,501	$-20,166
2023	$199,541	$219,338	$203,773	$-19,797
2021	$305,624	$254,540	$261,174	$51,084
2020	$277,334	$285,703	$215,460	$-8,369

MASS BOARD OF REAL ESTATE APPRAISERS