Massachusetts College of Art and Design Foundation Inc (EIN 042742359) - 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

1981

Legal Domicile

Principal Officer

DEIRDRE NECTOW

Phone

6178797024

Tax Period

2024-07-01 to 2025-06-30

Massachusetts College of Art and Design Foundation Inc, founded in 1981, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 36% operating margin.

Mission

TO ASSIST IN THE EDUCATIONAL PROGRAMS, EXHIBITS, AWARDS, AND SCHOLARSHIPS, FOR STUDENTS OF MASSACHUSETTS COLLEGE OF ART AND DESIGN.

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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 $2,711,903

Program Service Revenue $0

Investment Income $1,308,236

Other Revenue $75,748

TOTAL REVENUE $4,095,887

Expense Breakdown

Grants Paid $1,954,688

Salaries & Benefits $0

Fundraising Expenses $389,470

Program Expenses $1,954,688

Other Expenses $647,261

TOTAL EXPENSES $2,601,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,095,887	$3,442,208	+0.2%
Expenses	$2,601,949	$3,561,508	-0.3%
Net Income	$1,493,938	$-119,300	-13.5%

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

N/A

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

$254,052

Total Directors

$212,753

Key Employees

$162,189

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Mason	Director/Assoc. Provost MCAD	0.1	Director	$0	$25,769	$212,753
Kathryn Calnan	Assoc. VP of Institutional Adv	1.0	Key Emp	$0	$23,727	$162,189
Emily Day	Executive Director/VP Inst. AD	5.0	Officer	$0	$19,783	$142,586
Laurie Naughton	DIRECTOR OF FINANCE	40.0	Officer	$0	$22,320	$111,466
Deirdre Nectow	Chair	1.0	Officer Director	$0	$0	$0
Andra Dekkers	Vice Chair	0.5	Director	$0	$0	$0
Patricia Rivers	Vice Chair	0.5	Officer Director	$0	$0	$0
Ted Maclean	Treasurer	0.5	Director	$0	$0	$0
Katie Block	Director	0.5	Director	$0	$0	$0
Suzanne Bump	Director	0.5	Director	$0	$0	$0
Richard Coffman	Director	0.5	Director	$0	$0	$0
Nina Fletcher	Director	0.5	Director	$0	$0	$0
Courtney Jacobovits	Director	0.5	Director	$0	$0	$0
Wanita Kennedy	Director	0.5	Director	$0	$0	$0
Elizabeth Lowrey	Director	0.5	Director	$0	$0	$0
Valentine Talland	Chair Emerita	1.0	Director	$0	$0	$0
Halsey Morris	Director	0.5	Director	$0	$0	$0
Martha Willis	Director	0.5	Director	$0	$0	$0
Geeta Pradhan	Director	0.5	Director	$0	$0	$0
Nick Winton	Director	0.5	Director	$0	$0	$0
Ashley Karger	Director	0.5	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
2025	$4,095,887	$2,601,949	$23,251,470	$1,493,938
2024	$3,442,208	$3,561,508	$20,309,653	$-119,300
2023	$3,639,374	$2,961,423	$18,543,628	$677,951
2022	$4,054,799	$2,758,830	$16,667,670	$1,295,969
2021	$4,853,562	$3,603,525	$18,325,655	$1,250,037
2020	$5,066,329	$3,737,286	$15,702,211	$1,329,043
2019	$3,847,357	$7,299,283	$14,458,965	$-3,451,926
2018	$5,220,746	$3,849,658	$17,746,585	$1,371,088

Massachusetts College of Art and Design Foundation Inc