CONSORTIUM FOR MATHEMATICS AND ITS APPLICATIONS INC

EIN: 042721935 501(c)(3)

BEDFORD, MA

Total Revenue
$3,565,151
Total Expenses
$2,939,559
Total Assets
$7,132,551
Net Assets
$6,309,144
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
MA
Principal Officer
KOMAL PATEL
Phone
7818627878
Tax Period
2024-01-01 to 2024-12-31

CONSORTIUM FOR MATHEMATICS AND ITS APPLICATIONS INC, founded in 1980, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $626K, a strong 18% operating margin.

Mission

TO IMPROVE MATHEMATICS EDUCATION FOR STUDENTS OF ALL AGES BY CREATING LEARNING ENVIRONMENTS WHERE MATHEMATICS IS USED TO INVESTIGATE AND MODEL REAL ISSUES IN OUR WORLD.

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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 $6,225
Program Service Revenue $3,204,448
Investment Income $335,360
Other Revenue $19,118
TOTAL REVENUE $3,565,151

Expense Breakdown

Grants Paid $40,000
Salaries & Benefits $1,101,264
Fundraising Expenses $0
Program Expenses $1,947,603
Other Expenses $1,798,295
TOTAL EXPENSES $2,939,559

Year-over-Year Comparison

2024 2023 Change
Revenue $3,565,151 $2,959,361 +0.2%
Expenses $2,939,559 $3,186,890 -0.1%
Net Income $625,592 $-227,529 -3.7%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
7
Employees
7
Volunteers
3

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
7
$706,433
Total Directors
10
$507,040
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN GALLUZZO EXECUTIVE DIRECTOR - BEG 07/24 35.00
Officer Director
$113,879 $29,814 $143,693
CATHERINE ROBERTS CEO 35.00
Officer Director
$322,137 $41,210 $363,347
DIANE J BRIARS CLERK 5.00
Officer Director
$0 $0 $0
ERIC ROBINSON PRESIDENT 5.00
Officer Director
$0 $0 $0
TOM FERRIO TREASURER 5.00
Officer Director
$0 $0 $0
RUFUS GLASPER CLERK - BEG 11/24 5.00
Officer Director
$0 $0 $0
MARIA HERNANDEZ TRUSTEE 5.00
Director
$0 $0 $0
DAVE KUNG TRUSTEE 5.00
Director
$0 $0 $0
STEVE RASMUSSEN TRUSTEE 5.00
Director
$0 $0 $0
LAURA WATKINS TRUSTEE 5.00
Director
$0 $0 $0
KOMAL PATEL DIRECTOR OF FINANCE 35.00
Officer
$157,442 $41,951 $199,393
JOHN TOMICEK DIRECTOR OF IT AND CONTEST COORDINATOR 35.00
Highest
$124,485 $34,991 $159,476
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 $3,565,151 $2,939,559 $7,132,551 $625,592
2023 $2,959,361 $3,186,890 $6,205,399 $-227,529
2022 $3,279,807 $2,909,409 $6,013,387 $370,398
2021 $3,206,782 $2,617,437 $6,574,967 $589,345
2020 $2,662,459 $2,405,004 $5,681,335 $257,455
2019 $3,185,915 $2,455,622 $4,730,371 $730,293
2018 $2,252,308 $2,262,422 $3,743,682 $-10,114
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