MASSACHUSETTS INSTITUTE FOR PSYCHOANALYSIS (MIP) INC (EIN 043022439) - 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

1988

Legal Domicile

Principal Officer

FRANCES LANG

Phone

6174692777

Tax Period

2023-09-01 to 2024-08-31

MASSACHUSETTS INSTITUTE FOR PSYCHOANALYSIS (MIP) INC, founded in 1988, is a small nonprofit in the Social Science sector that reported $234K in total revenue in fiscal year 2023. Expenses of $285K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE HIGH QUALITY TRAINING IN A COMPARATIVE APPROACH TO PSYCHOANALYSIS THROUGHOUT NEW ENGLAND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $22,645

Program Service Revenue $196,643

Investment Income $14,901

Other Revenue $0

TOTAL REVENUE $234,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,819

Fundraising Expenses $0

Program Expenses $96,145

Other Expenses $192,660

TOTAL EXPENSES $285,479

Year-over-Year Comparison

	2023	2022	Change
Revenue	$234,189	$238,393	0.0%
Expenses	$285,479	$205,159	+0.4%
Net Income	$-51,290	$33,234	-2.5%

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

$84,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCE KLEIN	PAST PRESIDENT	1.00	Director	$0	$0	$0
FRANCES LANG	PRESIDENT & CHAIR	5.00	Officer Director	$0	$0	$0
RICHARD GEIST	MEMBERSHIP REPRESENTATIVE	1.00	Officer Director	$0	$0	$0
HANNAH RICHARDSON	CANDIDATE REPRESENTATIVE	0.50	Director	$0	$0	$0
MEREDITH NOVEK	CANDIDATE REPRESENTATIVE	0.50	Director	$0	$0	$0
KIRA GLASSMAN	CANDIDATE REPRESENTATIVE	0.50	Director	$0	$0	$0
DAVID KEMMERER	FACULTY REPRESENTATIVE	0.50	Director	$0	$0	$0
LINDA GELDA	FACULTY REPRESENTATIVE	0.50	Director	$0	$0	$0
SUHRIDA YADAVALLI	CANDIDATE REPRESENTATIVE	0.50	Director	$0	$0	$0
RAQUEL LIMONIC	FACULTY REPRESENTATIVE	0.50	Director	$0	$0	$0
ELIZABETH CORPT	GRADUATE REPRESENTATIVE	0.50	Director	$0	$0	$0
DENNIS PLANT	GRADUATE REPRESENTATIVE	0.50	Director	$0	$0	$0
MARTA CASAS	MEMBERSHIP REPRESENTATIVE	0.50	Director	$0	$0	$0
JOANN FRANKHOUSER	STECHLER REPRESENTATIVE	0.50	Director	$0	$0	$0
ABIGAIL MCNALLY	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT DYER	TREASURER	2.00	Officer Director	$0	$0	$0
ELISHEVA DAN	MEMBERSHIP REPRESENTATIVE	0.50	Director	$0	$0	$0
MARCUS SHAW	POSTGRADUATE FELLOWHIP REPRESNTATIVE	0.50	Director	$0	$0	$0
SAMANTHA KONCZEWSKI	DIRECTOR OF ADMIN & COMMUN	40.00	Officer	$84,000	$0	$84,000

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	$234,189	$285,479	$442,632	$-51,290
2023	$238,393	$205,159	$466,016	$33,234
2022	$268,008	$261,931	$422,094	$6,077
2021	$247,439	$188,459	$486,807	$58,980
2020	$275,574	$192,409	$406,211	$83,165
2019	$240,583	$172,184	$317,203	$68,399
2018	$214,371	$179,331	$246,625	$35,040

MASSACHUSETTS INSTITUTE FOR PSYCHOANALYSIS (MIP) INC