PRIMARY SOURCE INC

EIN: 042911053 501(c)(3)

CAMBRIDGE, MA

Total Revenue
$879,016
Total Expenses
$832,664
Total Assets
$726,776
Net Assets
$499,629
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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
1989
Legal Domicile
MA
Principal Officer
JENNIFER NIGRO
Phone
6179239933
Tax Period
2025-01-01 to 2025-12-31

PRIMARY SOURCE INC, founded in 1989, is a small nonprofit that reported $879K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Expenses of $833K left a modest 5% surplus.

Mission

PRIMARY SOURCE EDUCATES GLOBAL CITIZENS BY WORKING WITH TEACHERS TO FOSTER STUDENTS' KNOWLEDGE, SKILLS, AND DISPOSITIONS FOR THOUGHTFUL AND ENGAGED CITIZENSHIP. WITH OUR GUIDANCE AND RESOURCES, TEACHERS CULTIVATE STUDENTS' CIVIC-MINDEDNESS, CULTURAL AWARENESS, AND GLOBAL EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $618,513 Revenue: $650,264

EDUCATIONAL PROGRAMS: OUR PROFESSIONAL DEVELOPMENT OPPORTUNITIES INCLUDE SUMMER INSTITUTES, SEMINARS, WORKSHOPS, CONFERENCES, AND CURRICULUM DEVELOPMENT. PROGRAMS ARE BUILT AROUND PARTICIPATION BY...

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EDUCATIONAL PROGRAMS: OUR PROFESSIONAL DEVELOPMENT OPPORTUNITIES INCLUDE SUMMER INSTITUTES, SEMINARS, WORKSHOPS, CONFERENCES, AND CURRICULUM DEVELOPMENT. PROGRAMS ARE BUILT AROUND PARTICIPATION BY SCHOLARS AND EXPERT TEACHERS, FOSTERING AN INTELLECTUAL EXCHANGE THAT ACKNOWLEDGES THE PIVOTAL ROLE TEACHERS PLAY IN THE CREATION OF AN AWARE AND KNOWLEDGEABLE PUBLIC. TEACHERS CAN OBTAIN PROFESSIONAL DEVELOPMENT POINTS FOR ALL OUR PROGRAMS AND SOME ALSO OFFER GRADUATE CREDIT. DISTRIBUTION OF EDUCATIONAL MATERIALS: PRIMARY SOURCE PUBLISHES CURRICULUM RESOURCES THAT EXPAND TEACHERS' KNOWLEDGE ABOUT THE HISTORY & CULTURE OF DIVERSE PEOPLES & REGIONS OF THE WORLD. THE PRIMARY SOURCE WEBSITE & E-NEWSLETTER PROVIDE A WEB-BASED FORUM TO DISTRIBUTE EDUCATIONAL RESOURCES AND UPDATE TEACHERS ABOUT LEARNING OPPORTUNITIES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $224,543
Program Service Revenue $650,264
Investment Income $4,209
Other Revenue $0
TOTAL REVENUE $879,016

Expense Breakdown

Grants Paid $0
Salaries & Benefits $563,341
Fundraising Expenses $81,647
Program Expenses $618,513
Other Expenses $269,323
TOTAL EXPENSES $832,664

Year-over-Year Comparison

2025 2024 Change
Revenue $879,016 $973,055 -0.1%
Expenses $832,664 $1,022,384 -0.2%
Net Income $46,352 $-49,329 -1.9%
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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Governance

Voting Members
6
Independent Members
6
Employees
9
Volunteers
6

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
3
$174,133
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSEMARY HOEY-PISANO PRESIDENT 5.00
Officer Director
$0 $0 $0
ANNE WATT DIRECTOR 5.00
Director
$0 $0 $0
MIKE MACEWAN TREASURER 5.00
Officer Director
$0 $0 $0
WILLIAM FLEMER DIRECTOR 5.00
Director
$0 $0 $0
CADDIE NATH-FOLSOM DIRECTOR 5.00
Director
$0 $0 $0
DR DAN GREEN DIRECTOR 5.00
Director
$0 $0 $0
JENNIFER NIGRO EXECUTIVE DIRECTOR 40.00
Officer
$139,393 $34,740 $174,133
JILL STEVENS PROGRAM DIRECTOR 40.00
Highest
$107,340 $0 $107,340
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 $879,016 $832,664 $726,776 $46,352
2024 $973,055 $1,022,384 $758,243 $-49,329
2023 $1,106,353 $1,130,622 $774,536 $-24,269
2022 $1,269,755 $1,105,934 $856,607 $163,821
2021 $1,214,924 $1,061,753 $560,849 $153,171
2020 $1,015,692 $944,455 $548,783 $71,237
2019 $798,465 $881,847 $428,544 $-83,382
2018 $916,323 $899,653 $437,925 $16,670
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