MASSACHUSETTS ASSOCIATION OF ASSES… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

RUTH ANDERSON

Phone

7742498625

Tax Period

2024-07-01 to 2025-06-30

MASSACHUSETTS ASSOCIATION OF ASSESSING OFFICERS INC, founded in 1980, is a small nonprofit in the Public & Societal Benefit sector that reported $416K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $529K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO EDUCATE ASSESSORS AND THEIR ASSISTANTS IN THE FIELD OF ASSESSING AND THE UNIFORM ADMINISTRATION OF LOCAL TAX LAWS.

Program Service Accomplishments

Program 1

Expenses: $164,576 Revenue: $105,935

EDUCATIONAL MEETINGS AND CONFERENCES FOR MEMBERS.

Program 2

Expenses: $192,678 Revenue: $161,075

PROVIDING EDUCATIONAL COURSES FOR CLERKS, NEWLY HIRED ASSESSORS AND OTHER MEMBERS.

Program 3

Expenses: $1,562

NEWSLETTERS AND OTHER PROGRAMS.

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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 $101,629

Program Service Revenue $280,035

Investment Income $16,576

Other Revenue $17,500

TOTAL REVENUE $415,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,681

Fundraising Expenses $0

Program Expenses $358,816

Other Expenses $393,808

TOTAL EXPENSES $529,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$415,740	$438,743	-0.1%
Expenses	$529,489	$423,908	+0.2%
Net Income	$-113,749	$14,835	-8.7%

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

$72,920

Total Directors

$14,420

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLIE BROWN	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
RUTH ANDERSON	TREASURER	5.00	Officer Director	$14,420	$0	$14,420
WILLIAM MITCHELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC JOSEPHSON	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
STEPHEN DUNN	E-BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA GUERRA	E-BOARD MEMBER	1.00	Director	$0	$0	$0
ELLEN BRIDEAU	SECRETARY	1.00	Officer Director	$0	$0	$0
TARA MONROE	E-BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH MCLELLAN	E-BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH ROCHE	E-BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN STANLEY	E-BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN COSTELLO	EXECUTIVE DIRECTOR	40.00	Officer	$58,500	$0	$58,500

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	$415,740	$529,489	$359,894	$-113,749
2024	$438,743	$423,908	$503,117	$14,835
2023	$448,569	$375,476	$503,661	$73,093
2022	$350,667	$275,192	$359,130	$75,475
2021	$265,740	$195,464	$316,891	$70,276
2020	$277,732	$283,372	$207,140	$-5,640
2019	$279,758	$323,613	$233,410	$-43,855
2018	$360,327	$368,515	$256,118	$-8,188

MASSACHUSETTS ASSOCIATION OF ASSESSING OFFICERS INC