Massachusetts School of Law at Andover Inc

EIN: 043009002 501(c)(3) Education

Andover, MA

Total Revenue
$6,541,137
Total Expenses
$6,803,904
Total Assets
$10,931,605
Net Assets
$10,900,988
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MA
Principal Officer
Michael L Coyne
Phone
9785677871
Tax Period
2024-08-01 to 2025-07-31

Massachusetts School of Law at Andover Inc, founded in 1986, is a community nonprofit in the Education sector that reported $6.5M in total revenue in fiscal year 2024.

Mission

The Law schools mission is to make legal education available to all qualified persons

Program Service Accomplishments

Program 1
Expenses: $4,059,145 Revenue: $5,591,783

Program Service Expenses are all costs incurred directly in connection with the tax exempt purpose of operating the law school

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,001
Program Service Revenue $6,536,136
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,541,137

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,500,546
Fundraising Expenses $0
Program Expenses $4,059,145
Other Expenses $2,303,358
TOTAL EXPENSES $6,803,904

Year-over-Year Comparison

2024 2023 Change
Revenue $6,541,137 $6,608,258 0.0%
Expenses $6,803,904 $6,565,649 +0.0%
Net Income $-262,767 $42,609 -7.2%
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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Governance

Voting Members
10
Independent Members
9
Employees
35
Volunteers
11

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
2
$611,302
Total Directors
1
$346,458
Key Employees
4
$705,982
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL L COYNE PRESIDENT 40.00
Officer Director
$346,458 $0 $346,458
PAULA KALDIS CONTROLLER 40.00
$160,004 $0 $160,004
DIANE SULLIVAN ASSISTANT DEAN 40.00
Officer
$264,844 $0 $264,844
PETER MALAGUTI PROFESSOR 40.00
Key Emp
$211,276 $0 $211,276
JOSEPH DEVLIN PROFESSOR 40.00
Key Emp
$126,095 $0 $126,095
KURT OLSON PROFESSOR 40.00
Key Emp
$191,877 $0 $191,877
LYNN BOWAB DIRECTOR FINANCIAL OPERATIONS 40.00
Key Emp
$176,734 $0 $176,734
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 $6,541,137 $6,803,904 $10,931,605 $-262,767
2024 $6,608,258 $6,565,649 $11,224,707 $42,609
2024 $6,608,258 $6,565,649 $11,224,707 $42,609
2023 $6,373,267 $6,343,400 $11,246,849 $29,867
2022 $4,847,415 $6,174,437 $10,679,528 $-1,327,022
2021 $7,159,706 $5,585,111 $11,945,890 $1,574,595
2020 $7,012,285 $6,274,347 $10,371,559 $737,938
2019 $5,961,017 $5,926,770 $8,996,547 $34,247
2018 $6,211,787 $6,379,035 $8,940,257 $-167,248
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