Massachusetts Budget and Policy Ce… - 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

1987

Legal Domicile

Principal Officer

Viviana M Abreu-Hernandez

Phone

6174261228

Tax Period

2025-01-01 to 2025-12-31

Massachusetts Budget and Policy Center Inc, founded in 1987, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2025. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 63% operating deficit.

Mission

MassBudget is a leading think tank advancing equitable policy solutions that create an inclusive, thriving Commonwealth.

Program Service Accomplishments

Program 1

Expenses: $2,195,469 Revenue: $95,220

To provide independent research and analysis of the state budget and tax policies and economic issues that affect low- and moderate-income people in Massachusetts.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,549,292

Program Service Revenue $95,220

Investment Income $45,911

Other Revenue $-2,843

TOTAL REVENUE $1,687,580

Expense Breakdown

Grants Paid $389,000

Salaries & Benefits $1,871,625

Fundraising Expenses $291,905

Program Expenses $2,195,469

Other Expenses $486,813

TOTAL EXPENSES $2,747,438

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,687,580	$3,604,720	-0.5%
Expenses	$2,747,438	$3,100,310	-0.1%
Net Income	$-1,059,858	$504,410	-3.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alexandra Pineros-Shields	Board President	1.00	Officer Director	$0	$0	$0
Bianca Sigh Ward	Director	1.00	Director	$0	$0	$0
Branden Miles	Director	1.00	Director	$0	$0	$0
Carol Kamin	Director	1.00	Director	$0	$0	$0
Carolyn Chou	Director	1.00	Director	$0	$0	$0
David Halbert	Director	1.00	Director	$0	$0	$0
Dolores Thibault-Munoz	Director	1.00	Director	$0	$0	$0
Eric Nakajima	Director through 12/31/25	1.00	Director	$0	$0	$0
Gisele C Shorter	Director	1.00	Director	$0	$0	$0
Glenn Parker	Director & Treasurer	1.00	Officer Director	$0	$0	$0
Jacqueline Johnson	Director	1.00	Director	$0	$0	$0
Mark Martinez	Director	1.00	Director	$0	$0	$0
Marlishia Aho	Vice President & Clerk	1.00	Officer Director	$0	$0	$0
Michael Dukakis	Director through 3/1/25	1.00	Director	$0	$0	$0
Myron Miller	Director	1.00	Director	$0	$0	$0
Peter Enrich	Director	1.00	Director	$0	$0	$0
Chelsea Sedani	Director of Advocacy	35.00	Highest	$105,775	$38,559	$144,334
Viviana Abreu-Herdandez	President	35.00	Highest	$180,000	$33,713	$213,713
Gregg Grenier	VP of Operations	35.00	Highest	$130,805	$7,213	$138,018
Jennifer Das	Communications Director	35.00	Highest	$127,552	$44,321	$171,873
Phineas Baxandall	Director or Res & Policy	35.00	Highest	$122,500	$30,419	$152,919

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	$1,687,580	$2,747,438	$2,566,627	$-1,059,858
2024	$3,604,720	$3,100,310	$3,820,592	$504,410
2023	$2,577,989	$2,860,260	$3,384,012	$-282,271
2022	$3,034,653	$2,977,260	$3,976,027	$57,393
2021	$3,539,190	$2,001,887	$3,360,889	$1,537,303
2020	$1,680,282	$1,809,095	$2,013,520	$-128,813

Massachusetts Budget and Policy Center Inc