Massachusetts School of Law at Andover Inc (EIN 043009002) - 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

1986

Legal Domicile

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

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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 $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

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

$611,302

Total Directors

$346,458

Key Employees

$705,982

Highest Compensated

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

Massachusetts School of Law at Andover Inc