MASSACHUSETTS ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC (EIN 042792003) - 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

1983

Legal Domicile

Principal Officer

AMANDA ABREU

Phone

8774627322

Tax Period

2023-07-01 to 2024-06-30

MASSACHUSETTS ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC, founded in 1983, is a small nonprofit in the Education sector that reported $118K in total revenue in fiscal year 2023. Expenses of $158K exceeded revenue, resulting in a 34% operating deficit.

Mission

EDUCATION ON STUDENT FINANCIAL AID

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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 $42,293

Program Service Revenue $100,143

Investment Income $-24,243

Other Revenue $0

TOTAL REVENUE $118,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $118,440

Other Expenses $157,790

TOTAL EXPENSES $157,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$118,193	$119,948	0.0%
Expenses	$157,790	$92,755	+0.7%
Net Income	$-39,597	$27,193	-2.5%

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

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	Role	Reportable Comp	Other Comp	Total
SARAH BERGERON	PRESIDENT	Officer Director	$0	$0	$0
MIRANDA MORGAN	PRESIDENT-ELECT	Officer Director	$0	$0	$0
JILLIAN GLAZE	PAST PRESIDENT	Officer Director	$0	$0	$0
AMANDA ABREU	TREASURER	Officer Director	$0	$0	$0
JEFF BENTLEY	PAST TREASURER	Officer Director	$0	$0	$0
JEN AMAYA	SECRETARY	Officer 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	No data	No data	No data	No data
2024	$118,193	$157,790	$644,673	$-39,597
2023	$119,948	$92,755	$620,948	$27,193
2022	$119,607	$79,661	$574,303	$39,946
2021	$74,702	$50,734	$615,360	$23,968

MASSACHUSETTS ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC