MASSACHUSETTS HIGHER EDUCATION CON… - 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

1977

Legal Domicile

Principal Officer

MICHAEL DI YESO

Phone

4132303497

Tax Period

2023-07-01 to 2024-06-30

MASSACHUSETTS HIGHER EDUCATION CONSORTIUM, founded in 1977, is a community nonprofit in the Public & Societal Benefit sector that reported $4.4M in total revenue in fiscal year 2023. Expenses of $3.8M left a modest 13% surplus.

Mission

THE MASSACHUSETTS HIGHER EDUCATION CONSORTIUM IS COMPRISED OF AN UNINCORPORATED GROUP OF NONPROFIT, PUBLIC AND PRIVATE INSTITUTIONS OF HIGHER EDUCATION, TECHNICAL, CHARTER AND VOCATIONAL SCHOOLS, LIBRARIES, MUNICIPALITIES INCLUDING ELEMENTARY AND SECONDARY SCHOOLS, POSTSECONDARY SCHOOLS AND EDUCATIONAL NONPROFIT ORGANIZATIONS LOCATED WITHIN NEW ENGLAND. MEMBERSHIP SHALL BE LIMITED TO NON-PROFIT PUBLIC AND PRIVATE INSTITUTIONS OF HIGHER EDUCATION, TECHNICAL, CHARTER AND VOCATIONAL SCHOOLS, LIBRARIES, MUNICIPALITIES INCLUDING ELEMENTARY AND SECONDARY SCHOOLS, PREPARATORY SCHOOLS, AND EDUCATIONAL NON-PROFIT ORGANIZATIONS LOCATED WITHIN NEW ENGLAND. NEW ENGLAND STATES CONSIST OF ME, VT, NH, MA, CT & RI.

Program Service Accomplishments

Program 1

Expenses: $2,278,621 Revenue: $4,062,665

ASSIST AND INSTRUCT MEMBER ORGANIZATIONS WITH RESPECT TO COOPERATIVE PURCHASES SERVING APPROXIMATELY 2,645 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,062,665

Investment Income $279,471

Other Revenue $20,324

TOTAL REVENUE $4,362,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,275,359

Fundraising Expenses $0

Program Expenses $2,278,621

Other Expenses $1,536,890

TOTAL EXPENSES $3,812,249

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,362,460	$4,125,037	+0.1%
Expenses	$3,812,249	$3,095,312	+0.2%
Net Income	$550,211	$1,029,725	-0.5%

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

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

$363,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATASHA BIZANOS	DIRECTOR	1.00	Director	$0	$0	$0
MARY DELANEY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF DICAICCIO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DURKIN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GIRARD	DIRECTOR	1.00	Director	$0	$0	$0
RALPH JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JANNELVY MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
KATE ROTELLA	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY TEFFT	DIRECTOR	1.00	Director	$0	$0	$0
GARY DUGGAN	CHAIR	4.00	Officer Director	$0	$0	$0
THOMAS WATKINS	VICE CHAIR	4.00	Officer Director	$0	$0	$0
MICHAEL LAGRASSA	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL DI YESO	CEO	37.50	Officer	$192,351	$15,057	$207,408
JUDITH THORNTON	DIRECTOR OF BUSINESS SERVI	37.50	Officer	$128,917	$26,964	$155,881
CHRISTOPHER RAYMOND	DIRECTOR OF CONTRACTS & OP	37.50	Highest	$110,178	$18,897	$129,075
JANET GARABEDIAN	BUSINESS DEVELOPMENT MANAG	37.50	Highest	$113,872	$8,329	$122,201
TERESA ERMAN	DIRECTOR OF MARKETING	37.50	Highest	$120,793	$18,685	$139,478
ULRIKE MONZILLO	SENIOR STRATEGIC SOURCING	37.50	Highest	$113,458	$26,146	$139,604

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	$4,362,460	$3,812,249	$9,683,990	$550,211
2023	$4,125,037	$3,095,312	$8,738,537	$1,029,725
2022	$3,443,422	$2,651,287	$6,866,706	$792,135
2021	$2,685,417	$2,273,375	$6,447,475	$412,042
2020	$2,570,312	$2,486,305	$6,029,772	$84,007
2019	$2,682,493	$2,067,274	$5,683,305	$615,219

MASSACHUSETTS HIGHER EDUCATION CONSORTIUM