THE MASSACHUSETTS ASSOCIATION FOR ADULT DAY HEALTH SERVICES INC (EIN 042883153) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

JOSEPH RIZZO

Phone

6174695848

Tax Period

2023-09-01 to 2024-08-31

THE MASSACHUSETTS ASSOCIATION FOR ADULT DAY HEALTH SERVICES INC is a 501(c)(3) with EIN 042883153, based in BOSTON, MA. Founded in 1984, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $257,638 in total revenue and $216,451 in total expenses, with net assets of $115,276.

Mission

FOUNDED IN 1978, THE MASSACHUSETTS ADULT DAY SERVICES ASSOCIATION(MADSA) IS A WELL-ESTABLISHED, NOT-FOR-PROFIT MEMBERSHIP ORGANIZATION,WHOSE PURPOSE IS TO SUPPORT AND PROMOTE THE DEVELOPMENT OF HIGHQUALITY ADULT DAY HEALTH SERVICES. THIS IS DONE THROUGH THE PROVISION OF INFORMATION AND EDUCATION, PROMOTING AWARENESS AND SUPPORT FOR THE SERVICE AND OPPORTUNITIES FOR NETWORKING AND SHARING BEST PRACTICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $250,307

Investment Income $195

Other Revenue $7,136

TOTAL REVENUE $257,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,775

Other Expenses $216,451

TOTAL EXPENSES $216,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,638	$195,657	+0.3%
Expenses	$216,451	$228,502	-0.1%
Net Income	$41,187	$-32,845	-2.3%

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

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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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY ANWYL	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MARCHETTA	TREASURER (RETIRED 10/24)	2.00	Officer Director	$0	$0	$0
AUDREY MONROE	PRESIDENT	2.00	Officer Director	$0	$0	$0
EMMANUELLE RENELIQUE	DIRECTOR	1.00	Director	$0	$0	$0
FRANK ROMANO	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH RIZZO	TREASURER (EFF. 10/24)	2.00	Officer Director	$0	$0	$0
MARTHA RAPPOLI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MEGAN CHEUNG	DIRECTOR	1.00	Director	$0	$0	$0
OLGA ROD	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA ARBOUET	DIRECTOR	1.00	Director	$0	$0	$0
STEVE RASO	DIRECTOR	1.00	Director	$0	$0	$0
SUZIE KAYTIS	SECRETARY	2.00	Officer Director	$0	$0	$0
VIRA DOUANGMANY	DIRECTOR	1.00	Director	$0	$0	$0
ZULMIRA ALLCOCK	DIRECTOR	1.00	Director	$0	$0	$0
NATALYA LESCHCHINER	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$0	$0
MICHELE KEEFE	EXECUTIVE DIRECTOR	1.00	Officer	$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
2024	$257,638	$216,451	$136,722	$41,187
2023	$195,657	$228,502	$169,092	$-32,845
2022	$255,260	$225,686	$121,570	$29,574
2021	$257,659	$216,701	$96,996	$40,958
2020	$246,720	$217,836	$54,605	$28,884
2019	$216,692	$219,876	$43,136	$-3,184
2018	$213,120	$227,357	$31,264	$-14,237

THE MASSACHUSETTS ASSOCIATION FOR ADULT DAY HEALTH SERVICES INC