COMMONWEALTH OF MASSACHUSETTSNAGE HEALTH & WELFARE FUND (EIN 042845153) - 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

1984

Legal Domicile

Principal Officer

JOHANNA MCNALLY

Phone

6177738947

Tax Period

2024-06-01 to 2025-05-31

COMMONWEALTH OF MASSACHUSETTSNAGE HEALTH & WELFARE FUND, founded in 1984, is a mid-sized nonprofit that reported $15.4M in total revenue in fiscal year 2024. Expenses of $14.2M left a modest 8% surplus.

Mission

TO PROVIDE BENEFITS TO ELIGIBLE PARTICIPANTS

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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 $0

Program Service Revenue $14,373,395

Investment Income $940,009

Other Revenue $63,791

TOTAL REVENUE $15,377,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $521,816

Fundraising Expenses $0

Other Expenses $313,448

TOTAL EXPENSES $14,180,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,377,195	$14,465,384	+0.1%
Expenses	$14,180,496	$12,326,122	+0.2%
Net Income	$1,196,699	$2,139,262	-0.4%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE TURNER	UNION TRUSTEE	0.00	Director	$0	$0	$0
KIMBERLY HOWLAND-DAILEY	UNION TRUSTEE	0.00	Director	$0	$0	$0
LAUREN LANGIONE	UNION TRUSTEE	0.00	Director	$0	$0	$0
PATRICK BEAULIEU	UNION TRUSTEE	0.00	Director	$0	$0	$0
DEBORAH CRORY	MANAGEMENT TRUSTEE	0.00	Director	$0	$0	$0
MELISSA DIORIO	MANAGEMENT TRUSTEE	0.00	Director	$0	$0	$0
CHRISTOPHER BARRY	UNION TRUSTEE	0.00	Director	$0	$0	$0
MARIANNE DILL	CO-CHAIRMAN/MANAGEMENT TRU	0.00	Director	$0	$0	$0
JOSHUA PRADA	MANAGEMENT TRUSTEE	0.00	Director	$0	$0	$0
CASSANDRA BEARCE	UNION TRUSTEE	0.00	Director	$0	$0	$0
MAURA RYAN-CIARDIELLO	UNION TRUSTEE	0.00	Director	$0	$0	$0
WENDY CHU	MANAGEMENT TRUSTEE	0.00	Director	$0	$0	$0
MARK SPENGLER	MANAGEMENT TRUSTEE	0.00	Director	$0	$0	$0
JOHANNA MCNALLY	FUND ADMINISTRATOR	40.00	Highest	$131,841	$11,796	$143,637

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	$15,377,195	$14,180,496	$26,394,729	$1,196,699
2024	$14,465,384	$12,326,122	$24,544,350	$2,139,262
2023	$12,054,650	$10,916,243	$21,514,166	$1,138,407
2022	$12,264,688	$10,540,789	$20,484,486	$1,723,899
2021	$12,238,088	$10,554,712	$20,428,075	$1,683,376
2020	$12,169,574	$9,563,406	$16,370,991	$2,606,168
2019	$12,197,468	$11,819,320	$15,127,781	$378,148

COMMONWEALTH OF MASSACHUSETTSNAGE HEALTH & WELFARE FUND